T-REX 2X Inverse NVIDIA Daily Target ETF (NVDQ)
T-REX 2X Inverse NVIDIA 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 $8.96, down 6.23% on the session, giving a market capitalisation of $17.0M. Its beta of -2.94 implies it has historically moved less than the broad market.
Under ordinary market conditions, this fund aims to deliver daily returns that are the inverse of NVIDIA's (NVDA) stock performance, magnified by two. It achieves this by investing a minimum of 80% of its total assets in swap agreements. These agreements are struck with leading global financial institutions and are structured to ensure the fund experiences a daily return equivalent to -200% of NVDA's value, relative to its net assets. The fund is characterized as non-diversified.
T-REX 2X Inverse NVIDIA Daily Target ETF is most often compared with the following Financial Services names: