New ETF suite provides astute traders with
targeted 200% & -200% exposure to Tesla and NVIDIA
T-REX Single-Stock ETFs today debut on the Nasdaq and CBOE,
offering targeted 200% and -200% exposure to two of the most
widely-traded stocks on the market: Tesla and NVIDIA. Brought to
you by REX Shares (“REX”) and Tuttle Capital Management (“TCM”),
T-REX ETFs are built for sophisticated traders looking to enhance
potential returns via pinpoint positioning.
The suite of T-REX ETFs includes the T-REX 2X Long Tesla Daily
Target ETF (Nasdaq: TSLT), the T-REX 2X Inverse Tesla Daily Target
ETF (Nasdaq: TSLZ), the T-REX 2X Long NVIDIA Daily Target ETF
(CBOE: NVDX), and the T-REX 2X Inverse NVIDIA Daily Target ETF
(CBOE: NVDQ).
"Our journey at REX Shares is defined by an unyielding
commitment to innovation and pushing boundaries,” says Scott
Acheychek, CEO of REX Shares. “The partnership with Tuttle and the
unveiling of the T-REX Single-Stock ETFs mark a pivotal moment for
our team, illustrating our dedication to offering traders enhanced
tools that are both innovative and transparent.”
"This collaboration is more than just a partnership; it's a
fusion of a shared vision and unparalleled expertise in the ETF
market,” adds Matt Tuttle, CEO of Tuttle Capital Management. “REX
Shares has established itself as a leading provider of
alternative-strategy products. Combined with our track record in
active management and thematics, we are excited to bring the only
single stock ETFs that offer 2x exposure to the marketplace.”
The launch of T-REX Single-Stock ETFs comes on the heels of
another groundbreaking ETF launch from REX Shares. The REX FANG
& Innovation Equity Premium Income ETF (FEPI) began trading on
October 11 and offers investors distinct access to the 15 biggest
U.S. technology stocks through the Solactive FANG & Innovation
Index. The fund seeks to turn the volatility of these
top-performers into a steady income source using an advanced
covered call strategy.
For more information on REX Shares and T-REX Single-Stock ETFs,
please visit www.rexshares.com
About REX Shares:
REX is an innovative ETF provider that specializes in
alternative-strategy ETFs and ETNs. The firm created the
MicroSectorsTM and co-created the T-REX product lines of leveraged
& inverse tools for traders and recently launched the first of
a series of option-based income strategies. The firm is rooted in
decades of experience building inventive solutions that solve for a
range of specific challenges in investor and trader portfolios.
About Tuttle Capital Management
TCM is an industry leader in offering thematic ETFs that offer
first of their kind exposures. Please visit www.tuttlecap.com for
more information.
Investors should consider the investment objectives, risk,
charges, and expenses carefully before investing. For a prospectus
or summary prospectus with this and other information about the
T-REX ETFs please call 844-802-4004 or visit our website at
rexshares.com. Read the prospectus and summary prospectus carefully
before investing.
The Fund is not suitable for all investors. The Fund is
designed to be utilized only by knowledgeable investors who
understand the potential consequences of seeking daily inverse (-
2X) investment results, understand the risks associated with the
use of shorting and are willing to monitor their portfolios
frequently. Investing in the funds is not equivalent to investing
directly in Tesla or Nvidia as the fund will generally hold 0% of
underlying shares of Tesla or NVIDIA.
Important Risks
Industry Concentration Risk. In following its
methodology, the Index from time to time may be concentrated to a
significant degree in securities of issuers located in a single
industry or industry group. To the extent that the Index
concentrates in the securities of issuers in a particular industry
or industry group, the Fund will also concentrate its investments
to approximately the same extent. By concentrating its investments
in an industry or industry group, the Fund may face more risks than
if it were diversified broadly over numerous industries or industry
groups.
Derivatives Risk. Derivatives are financial instruments
that derive value from the underlying reference asset or assets,
such as stocks, bonds, or funds (including ETFs), interest rates or
indexes. The Fund’s investments in derivatives may pose risks in
addition to, and greater than, those associated with directly
investing in securities or other ordinary investments, including
risk related to the market, imperfect correlation with underlying
investments or the Fund’s other portfolio holdings, higher price
volatility, lack of availability, counterparty risk, liquidity,
valuation, and legal restrictions.
Price Participation Risk. The Fund employs an investment
strategy that includes the sale of call option contracts, which
limits the degree to which the Fund will participate in increases
in value experienced by the Index over the Call Period. This means
that if the individual stocks comprising the Index experiences an
increase in value above the strike price of the sold call options
during a Call Period, the Fund will likely not experience that
increase to the same extent and may significantly underperform the
individual stocks comprising the Index over the Call Period.
Additionally, because the Fund is limited in the degree to which it
will participate in increases in value experienced by the
individual stocks comprising the Index over each Call Period, but
has full exposure to any decreases in value experienced by the
individual stocks comprising the Index over the Call Period, the
NAV of the Fund may decrease over any given time period.
Distribution Risk. As part of the Fund’s investment
objective, the Fund seeks to provide current monthly income. There
is no assurance that the Fund will make a distribution in any given
month. If the Fund does make distributions, the amounts of such
distributions will likely vary greatly from one distribution to the
next.
Call Writing Strategy Risk. The path dependency (i.e.,
the continued use) of the Fund’s call writing strategy will impact
the extent to which the Fund participates in the positive price
returns of the individual stocks comprising the Index and, in turn,
the Fund’s returns, both during the term of the sold call options
and over longer time periods.
Technology Industry Risk. The stock prices of technology
and technology-related companies and, therefore, the value of the
Fund, may experience significant price movements as a result of
intense market volatility, worldwide competition, consumer
preferences, product compatibility, product obsolescence,
government regulation, excessive investor optimism or pessimism, or
other factors.
Liquidity Risk. Some securities held by the Fund,
including options contracts, may be difficult to sell or be
illiquid, particularly during times of market turmoil. This risk is
greater for the Fund as it will hold options contracts on a single
security, and not a broader range of options contracts.
New Fund Risk. The Fund is a recently organized
management investment company with no operating history. As a
result, prospective investors do not have a track record or history
on which to base their investment decisions.
New Adviser Risk. The Adviser is newly formed and has not
previously managed an ETF. Accordingly, investors in the Fund bear
the risk that the Adviser’s inexperience may limit its
effectiveness.
Leverage Risk. The Fund obtains investment exposure in
excess of its net assets by utilizing leverage and may lose more
money in market conditions that are adverse to its investment
objective than a fund that does not utilize leverage.
Non-Diversification Risk. The Fund is classified as
“non-diversified” under the Investment Company Act of 1940, as
amended. This means it has the ability to invest a relatively high
percentage of its assets in the securities of a small number of
issuers or in financial instruments with a single counterparty or a
few counterparties.
"The Funds’ investment adviser will not attempt to position each
Fund’s portfolio to ensure that a Fund does not gain or lose more
than a maximum percentage of its net asset value on a given trading
day. As a consequence, if a Fund’s underlying security moves more
than 50%, as applicable, on a given trading day in a direction
adverse to the Fund, the Fund’s investors would lose all of their
money.
Index: The Solactive® FANG Innovation Index includes 15
highly liquid stocks focused on technology. These large,
tech-enabled equity securities are all listed and domiciled in the
U.S. The Index is comprised of eight core-components Apple (AAPL),
Amazon (AMZN), Meta Platforms (META), Alphabet (GOOGL), Microsoft
(MSFT), Netflix (NFLX), NVIDIA (NVDA), Tesla (TSLA) AND the seven
top traded names across the technology sector.
The REX Shares ETFs are distributed by Foreside Fund
Services, LLC.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20231019254021/en/
Gregory FCA for REX Shares rexshares@gregoryfca.com Matthew
Tuttle for Tuttle Capital Mtuttle@TuttleCap.com
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