T-REX 2X Long Tesla Daily Target ETF company info

What does T-REX 2X Long Tesla Daily Target ETF do?
T-REX 2X Long Tesla Daily Target ETF (NASDAQ:TSLT) focuses on providing investors with leveraged exposure to Tesla, aiming to double the daily performance of its shares. This unique investment vehicle targets those looking to amplify their stake in Tesla's success, aligning closely with the electric vehicle manufacturer’s daily price movements. The ETF employs financial derivatives to achieve its goal, making it suitable for experienced investors aware of the potential risks and rewards associated with leveraged funds. T-REX 2X Long Tesla Daily Target ETF's primary objective revolves around and capitalizes on Tesla's market performance, offering an intensified investment experience. As it's specialized and niche, the ETF appeals to investors who have a strong belief in Tesla's future growth and are looking for a way to potentially maximize their returns through a leveraged product.
T-REX 2X Long Tesla Daily Target ETF company media
Company Snapshot

Is T-REX 2X Long Tesla Daily Target ETF a public or private company?

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Ownership
Public

How many people does T-REX 2X Long Tesla Daily Target ETF employ?

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Employees
14

What sector is T-REX 2X Long Tesla Daily Target ETF in?

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Sector
ETF

Where is the head office for T-REX 2X Long Tesla Daily Target ETF?

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Head Office
Miami, United States

What year was T-REX 2X Long Tesla Daily Target ETF founded?

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Year Founded
2023
What does T-REX 2X Long Tesla Daily Target ETF specialise in?
/Financial Investment /ETF Product /Automobile Exposure /Leveraged Returns /Asset Management /Market Tracking

What are the products and/or services of T-REX 2X Long Tesla Daily Target ETF?

Overview of T-REX 2X Long Tesla Daily Target ETF offerings
Investment Objective: TSLT aims to deliver 200% of the daily performance of Tesla's common stock (TSLA) every trading day. This means if Tesla's stock price increases by 2% in a day, TSLT should theoretically increase by 4% that day.
Leveraged Investment: To achieve its objective, TSLT uses leverage. This means it employs financial instruments to magnify the daily returns of Tesla's stock.
Short-Term Focus: TSLT is designed to track Tesla's daily performance, not long-term returns. Investors holding TSLT for extended periods might not experience returns that perfectly match 200% of TSLA's long-term performance due to compounding effects.
Higher Risk: Leveraged ETFs like TSLT are inherently riskier than traditional ETFs. While they offer the potential for amplified gains, they also magnify losses. If Tesla's stock price falls by 2% in a day, TSLT could decline by 4%.
Expense Ratio: TSLT charges an expense ratio to cover its operational costs. This fee reduces the overall return for investors.
Trading on an Exchange: Units of TSLT are bought and sold just like any other stock on a stock exchange, such as the Nasdaq.