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About ETF Opportunities Trust T-Rex 2X Inverse NVIDIA Daily Target ETF
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Inception date
Oct 19, 2023
Structure
Open-Ended Fund
Replication method
Synthetic
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
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Miscellaneous
Cash
Bonds, Cash & Other100.00%
Miscellaneous55.81%
Cash44.19%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
NVDQ last dividends amounted to 0.15 USD. The year before, the issuer paid 1.12 USD in dividends, which shows a 636.06% decrease.
NVDQ assets under management is 48.94 M USD. It's risen 35.98% over the last month.
NVDQ fund flows account for 50.60 M USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Yes, NVDQ pays dividends to its holders with the dividend yield of 8.02%. The last dividend (Dec 26, 2024) amounted to 0.15 USD. The dividends are paid annually.
NVDQ shares are issued by Tuttle Capital Management LLC under the brand T-Rex. The ETF was launched on Oct 19, 2023, and its management style is Passive.
NVDQ expense ratio is 1.05% meaning you'd have to pay 1.05% of your investment to help manage the fund.
NVDQ follows the NVIDIA Corporation. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
NVDQ invests in cash.
NVDQ price has fallen by −42.14% over the last month, and its yearly performance shows a −74.48% decrease. See more dynamics on NVDQ price chart.
NAV returns, another gauge of an ETF dynamics, have fallen by −37.59% over the last month, showed a −39.03% decrease in three-month performance and has decreased by −73.21% in a year.
NAV returns, another gauge of an ETF dynamics, have fallen by −37.59% over the last month, showed a −39.03% decrease in three-month performance and has decreased by −73.21% in a year.
NVDQ trades at a premium (0.34%) meaning the ETF is trading at a higher price than the calculated NAV.