Key stats
About ETF Opportunities Trust T-Rex 2X Long Apple Daily Target ETF
Expense ratio
1.05%
Home page
Inception date
Jan 11, 2024
AAPX is designed for making bullish bets on the stock price of Apple, Inc. through swap agreements. The objective is to obtain daily leveraged exposure equivalent to 200% of the fund's net assets. To maintain this exposure, daily rebalancing is performed to make adjustments in response to AAPL's daily price movements. As a geared product, the fund is intended as a short-term tactical tool, rather than as a long-term investment vehicle. As a result, returns may deviate from the expected 2x if held for longer than a single day due to compounding. This strategy is high-risk and does not include a defensive position as part of its overall process. Note that should AAPL's value decline by more than 50% relative to the fund, investors could face a total loss. Additionally, the fund could potentially lose money over time, even if AAPL's performance strengthens. The fund is expected to invest in money market funds, deposit accounts, and short-term debts.
Classification
What's in the fund
Exposure type
Electronic Technology
Cash
Stock breakdown by region