NVDX Profile
The T-Rex 2X Long NVIDIA Daily Target ETF is an actively managed exchange-traded fund focused on providing investors with a leveraged long exposure to NVIDIA Corporation (NVDA). Under normal market conditions, the fund invests at least 80% of its net assets in swap agreements designed to deliver 200% of NVDAs daily performance. This approach aims to amplify returns by a factor of two times the daily performance of NVDA, before accounting for fees and expenses.
To achieve its investment objective, the fund enters into swap agreements with major global financial institutions. These swaps are structured to exchange the daily return on an investment in NVDA, resulting in a leveraged exposure that is twice the fund's net assets. By focusing on daily performance, the fund targets short-term trading opportunities and is not intended for long-term holding.
The T-Rex 2X Long NVIDIA Daily Target ETF's use of leveraged swap agreements involves complex financial mechanisms that can lead to significant volatility. The funds performance is highly sensitive to NVDA's daily price movements, and the daily rebalancing required to maintain the 200% exposure may result in performance deviations over periods longer than one day. Investors should be aware of the potential risks associated with leveraged ETFs, including amplified gains and losses.
This ETF is designed for investors seeking to capitalize on short-term upward movements in NVDA's stock price. It offers a tool for those looking to enhance their exposure to NVIDIA with a high degree of leverage. Due to its non-diversified nature and reliance on daily performance metrics, the fund is best suited for experienced investors who understand the dynamics of leveraged trading and the risks involved.
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