NVDQ
·CBOE
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Key Stats
Assets Under Management
31.60MUSD
Fund Flows (1Y)
2.98MUSD
Dividend Yield
16.98%
Discount/Premium to NAV
-0.06%
Shares Outstanding
1.76M
Expense Ratio
1.05%
About T-Rex 2X Inverse NVIDIA Daily Target ETF
Issuer
Tuttle Capital Management, LLC
Brand
T-Rex
Home Page
Inception Date
Oct 19, 2023
Structure
Open-Ended Fund
Index Tracked
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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
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Weighting Scheme
Single Asset
Selection Criteria
Market cap
Returns
1-Month | 3-Month | YTD | 1-Year | 3-Year | 5-Year | |
|---|---|---|---|---|---|---|
Price Performance | +1.41% | -14.93% | -72.21% | -75.41% | -98.98% | -98.98% |
NAV Total Return | +8.22% | -15.14% | -71.71% | -71.76% | -0.98% | -0.98% |
Ratings
No data is currently available
Ainvest’s AI-powered ETF Scoring Algorithm, built to help retail investors make smarter, data-driven decisions. Leveraging deep learning, reinforcement learning, and large language models, the algorithm scores ETFs across five key dimensions: Fund Flow, Momentum, Safety, Fundamentals, and Performance. Each factor is weighted by its correlation to future returns, resulting in a single, actionable score. Backtested over five years with consistently strong predictive accuracy. Ainvest brings institutional-grade artificial intelligence to everyday investors—transforming complexity into clarity with every score.
Holdings Analysis
Sector
No data is currently available
Asset
No data is currently available
Region
No data is currently available
Investment Style
No data is currently available
Top 10 Holdings
Symbol
Ratio
PAYB NVDQ TRS NVDA EQ
90.07%
CASH AND CASH EQUIVALENTS
89.40%
RECV NVDQ TRS NVDA EQ
89.21%
PAYB NVDQ TRS NVDA EQ-1
-83.42%
RECV NVDQ TRS NVDA EQ-1
-85.26%
Top 10 Weight 100%
5 Total Holdings
Dividends
Dividend Payout History
Declaration Date | Record Date | Payment Date | Amount |
|---|---|---|---|
| 2024-12-24 | 2024-12-24 | 2024-12-26 | 0.152 |
| 2023-12-26 | 2023-12-27 | 2023-12-28 | 0.374 |
Premium/Discount Chart
Premium/Discount to NAV
Price
1M
Assets Under Management
Assets Under Management
1M
Fund Flows
Inflows
Outflows
1M
