T-REX 2X Long NFLX Daily Target ETF (NFLU)
T-REX 2X Long NFLX Daily Target ETF operates in the Asset Management - Leveraged industry of the Financial Services sector, headquartered in Fairfield, WY, US. The stock last traded at $17.27, down 1.76% on the session, giving a market capitalisation of $54.3M. Its beta of 0.64 implies it has historically moved less than the broad market.
This fund primarily aims to provide investors with returns that are double the daily movement of NFLX. It achieves this by typically committing at least 80% of its overall assets (including funds acquired through borrowing) to swap agreements that mirror this leveraged daily exposure. The fund also has the flexibility to pursue its investment objective by directly purchasing NFLX common stock or by acquiring call options on NFLX. It is important to note that this fund operates on a non-diversified basis.
T-REX 2X Long NFLX Daily Target ETF is most often compared with the following Financial Services names: