TSLT

T-REX 2X Long Tesla Daily Target ETF

$22.42

+0.00%

Market closed. Last update: 10:51 PM ET

📎 Investment Objective

The T-REX 2X Long Tesla Daily Target ETF (TSLT) seeks to provide daily investment results that correspond to two times (2x) the daily performance of the common stock of Tesla, Inc. (TSLA).

Overview

ETF tracking T-REX 2X Long Tesla Daily Target ETF

Category Leveraged

Issuer Other

Inception Date 2024-12-16

Market Cap $382.0M

Average Volume N/A

Dividend Yield N/A

52-Week Range $9.26 - $54.99

VWAP $21.81

Performance

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Price Chart

Investment Summary

📎 Investment Objective

The T-REX 2X Long Tesla Daily Target ETF (TSLT) seeks to provide daily investment results that correspond to two times (2x) the daily performance of the common stock of Tesla, Inc. (TSLA).

🎯 Investment Strategy

The ETF uses a range of financial instruments, such as swap agreements and futures contracts, to gain leveraged exposure to the daily price movements of TSLA. It does not seek to achieve its investment objective over periods longer than a single trading day.

✨ Key Features

Provides 2x the daily performance of Tesla stock
Designed for short-term, tactical exposure to Tesla
Utilizes derivatives to achieve its leveraged objective
Resets daily, so long-term returns may differ from 2x the underlying

⚠️ Primary Risks

Significant daily volatility and risk of losses due to leverage
Potential for divergence from 2x the daily Tesla return over time
Counterparty risk associated with the use of derivatives
Lack of a proven long-term track record

👤 Best For

This ETF is best suited for experienced, risk-tolerant investors seeking short-term, speculative exposure to Tesla's daily price movements. It is not recommended for long-term buy-and-hold investors due to the compounding effects of daily resets and the high volatility associated with leveraged strategies.