Overview
Description
The REX NVDA Growth & Income ETF is an exchange-traded fund designed to provide investors with both amplified exposure to NVIDIA Corporation and a consistent stream of income. This innovative ETF employs a unique dual approach: approximately half of its portfolio targets leveraged daily exposure to NVIDIA’s stock, typically around 1.25 times the daily return, with leverage ranging from 1.05x to 1.50x. The remaining portion is structured as a covered call strategy, wherein options are sold on about half of the notional exposure, aiming to generate weekly income while preserving uncapped upside potential on the uncovered segment of the portfolio. This blend allows for participation in the dynamic growth of one of the world’s leading semiconductor and AI companies—NVIDIA—while providing the potential for regular payouts through option premiums. The fund operates as part of REX’s Growth & Income ETF suite, which focuses on delivering both enhanced equity returns and income, standing out by not capping all portfolio upside as many traditional covered call funds do. The ETF is intended for sophisticated investors seeking a unique balance of growth participation and income generation within the technology sector.
About
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Website
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Instrument type
ETF
Country
United States
MIC code
BATS