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T-Rex 2X Inverse NVIDIA Daily Target ETF

NVDQ·CBOE
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Key Stats

Assets Under Management
21.70MUSD
Fund Flow (1Y)
-3.38MUSD
Dividend Yield
0.49%
Discount / Premium to NAV
-0.12%
Shares Outstanding
2.52M
Expense Ratio
1.05%

About T-Rex 2X Inverse NVIDIA Daily Target ETF

Issuer
Tuttle Capital Management, LLC
Brand
T-Rex
Inception Date
Oct 19, 2023
Structure
Open-Ended Fund
ISIN
US26923N1990
CFI Code
CEOJLS
Index Tracked
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Replication Strategy
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Management Style
Active
Dividend Treatment
Distributes
Distribution Tax Treatment
Ordinary income
Income Tax Type
Capital Gains
Max ST Capital Gains Rate
39.60%
Max LT Capital Gains Rate
20.00%
Primary Advisor
Tuttle Capital Management LLC
Distributor
Foreside Fund Services LLC
NVDQ is designed for making bearish bets on the stock price of NVIDIA Corporation 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 NVDA'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. It's important to note that the fund could potentially lose money over time, even if NVDA's performance weakens. The fund is expected to invest in money market funds, deposit accounts, and short-term debts.

Classification

Asset Class
Equity
Category
Sector
Focus
Information Technology
Niche
Semiconductors
Strategy
Vanilla
Geography
U.S.
Weighting Scheme
Single Asset
Selection Criteria
Market cap

Analysis

Asset

Holdings

Symbol

Ratio

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CASH AND CASH EQUIVALENTS

105.42%
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PAYB NVDQ TRS NVDA EQ

100.54%
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RECV NVDQ TRS NVDA EQ

58.58%

Top 10 Weight 264.54%

3 Total Holdings

See all holdings

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