Overview
Description
The T-Rex 2X Long SNOW Daily Target ETF is an exchange-traded fund designed to provide investors with leveraged exposure to the daily price movements of Snowflake Inc., a leading player in cloud data warehousing and data analytics. This ETF aims to deliver 200% of the daily performance of Snowflake’s publicly traded common stock, utilizing derivatives such as swaps to achieve its objective. As one of the first and only U.S. ETFs to offer 2x leveraged exposure to Snowflake, it allows knowledgeable traders to amplify their directional bets on short-term movements in the stock’s price. The fund is intended for sophisticated investors who actively monitor their portfolios and have a firm understanding of the risks associated with daily leverage, as performance over periods longer than a single day can deviate significantly from the intended 2x multiplier due to compounding and volatility effects. Managed by REX Shares in collaboration with Tuttle Capital Management, the T-Rex 2X Long SNOW Daily Target ETF contributes to the growing array of single-stock leveraged ETFs, enhancing market strategies for advanced traders seeking targeted, amplified results.
About
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Instrument type
Common stock
Sector
Industry
Country
United States
MIC code
BATS