T-REX 2X Long Tesla Daily Target ETF (TSLT)
T-REX 2X Long Tesla 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 $11.23, down 3.11% on the session, giving a market capitalisation of $118.9M. Its beta of 3.60 implies it has historically moved more than the broad market.
This ETF aims to provide daily returns that are double the performance of Tesla (TSLA) stock. It primarily achieves this magnified exposure by allocating at least 80% of its net assets, along with any borrowed capital, to swap agreements. These financial contracts are established with prominent global financial institutions and are designed to exchange returns, effectively targeting a daily exposure to TSLA equivalent to 200% of the fund's net asset value. The fund operates as a non-diversified portfolio.
T-REX 2X Long Tesla Daily Target ETF is most often compared with the following Financial Services names: