GOOX

T-Rex 2X Long Alphabet Daily Target ETF

$56.01

+0.00%

Market closed. Last update: 10:56 PM ET

📎 Investment Objective

The T-Rex 2X Long Alphabet Daily Target ETF (GOOX) seeks to provide daily investment results that correspond to two times (2x) the daily performance of the common stock of Alphabet Inc. (the parent company of Google).

Overview

ETF tracking T-Rex 2X Long Alphabet Daily Target ETF

Category Leveraged

Issuer Other

Inception Date 2024-01-11

Market Cap $29.7M

Average Volume N/A

Dividend Yield 9.47%

52-Week Range $17.67 - $62.14

VWAP $55.51

Performance

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Investment Summary

📎 Investment Objective

🎯 Investment Strategy

The fund uses a range of financial instruments, such as swap agreements and futures contracts, to gain leveraged exposure to the Alphabet stock. It aims to deliver twice the daily returns of the Alphabet stock, before fees and expenses.

✨ Key Features

Provides 2x leveraged exposure to Alphabet Inc. stock performance
Resets leverage daily, seeking to track 2x the daily returns
Designed for short-term, tactical exposure, not long-term buy-and-hold
Relatively small fund with $0 in assets under management

⚠️ Primary Risks

Significant risk of loss due to the leveraged nature of the fund
Potential for increased volatility and larger daily losses compared to the underlying stock
Tracking error risk, as the fund may not perfectly achieve 2x the daily returns
Liquidity risk due to the small fund size and trading volume

👤 Best For

This ETF is designed for experienced, risk-tolerant investors who seek short-term, speculative exposure to Alphabet stock with the potential for higher returns, but also understand the increased risks of leveraged investing. It is not suitable for long-term, buy-and-hold investors or those with a low risk tolerance.