T-REX 2X Long NVIDIA Daily Target ETF (NVDX)
T-REX 2X Long NVIDIA Daily Target ETF operates in the Asset Management - Leveraged industry of the Financial Services sector, headquartered in Fairfield, CT, US. The stock last traded at $20.11, up 0.40% on the session, giving a market capitalisation of $553.0M. Its beta of 4.18 implies it has historically moved more than the broad market.
Under typical market conditions, this fund primarily allocates at least 80% of its net assets to swap agreements. These agreements are structured to deliver two times (200%) the daily return of NVIDIA (NVDA) stock. The fund enters into these derivative contracts with major global financial institutions. Through these arrangements, the fund and the counterparty institution agree to exchange returns, targeting a daily outcome equivalent to 200% of the fund's net asset value. This investment vehicle maintains a non-diversified portfolio.
T-REX 2X Long NVIDIA Daily Target ETF is most often compared with the following Financial Services names: