Overview
Description
T-Rex 2X Long Tesla Daily Target is a leveraged exchange-traded fund designed to deliver twice the daily return of Tesla, Inc. stock. Managed by Tuttle Capital Management and launched under ETF Opportunities Trust, this fund uses financial derivatives, primarily swaps, to amplify daily price movements of Tesla shares. Its core purpose is to provide investors with 200% exposure to Tesla’s daily performance—meaning for every 1% move in Tesla's stock price, the fund targets a 2% change in the same direction, before fees and expenses. This structure is intended for tactical strategies and short-term trading rather than long-term investment, as daily compounding can create significant performance divergence over extended periods, especially in volatile markets. The fund is classified as non-diversified, meaning it can concentrate exposure in a small number of holdings, increasing potential risks and rewards. By offering direct and leveraged access to Tesla’s stock performance, T-Rex 2X Long Tesla Daily Target plays a unique role in the market, catering to sophisticated traders seeking amplified exposure to one of the world’s most prominent electric vehicle and clean energy companies.
About
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Website
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Instrument type
ETF
Country
United States
MIC code
BATS