NVDX

T-Rex 2X Long NVIDIA Daily Target ETF

$19.07

+0.00%

Market closed. Last update: 10:51 PM ET

📎 Investment Objective

The T-Rex 2X Long NVIDIA Daily Target ETF (NVDX) seeks to provide daily investment results that correspond to two times (2x) the daily performance of the NVIDIA Corporation stock.

Overview

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

Category Leveraged

Issuer Other

Inception Date 2023-10-19

Market Cap $679.5M

Average Volume N/A

Dividend Yield 11.37%

52-Week Range $5.76 - $23.00

VWAP $18.46

Performance

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Price Chart

Investment Summary

📎 Investment Objective

The T-Rex 2X Long NVIDIA Daily Target ETF (NVDX) seeks to provide daily investment results that correspond to two times (2x) the daily performance of the NVIDIA Corporation stock.

🎯 Investment Strategy

The ETF uses a range of financial instruments, such as derivatives, to seek to achieve its daily 2x leveraged investment objective. It does not seek to achieve its stated investment objective over periods longer than a single day.

✨ Key Features

Provides 2x the daily performance of NVIDIA Corporation stock
Utilizes derivatives and other financial instruments to achieve its leveraged objective
Resets daily, so performance may not match 2x the underlying stock over longer periods
Very small asset base of $0 as of the provided information

⚠️ Primary Risks

Significant risk of loss due to the leveraged nature of the fund
Potential for divergence between the fund's daily return and the 2x return of the underlying stock over longer time periods
Derivative and counterparty risks associated with the financial instruments used
Low trading volume and asset base which can impact liquidity and increase costs

👤 Best For

This ETF is intended for experienced, sophisticated investors with a high risk tolerance who seek to make short-term, speculative bets on the daily performance of NVIDIA Corporation stock. It is not suitable for long-term buy-and-hold investors or those with a low risk appetite.