Key stats
About ETF Opportunities Trust T-Rex 2X Long 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
NVDX is designed for making bullish 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 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. Note that should NVDA's value decline by more than 50% relative to the fund, investors could face a total loss. Additionally, the fund could potentially lose money over time, even if NVDA's performance strengthens. 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%
Miscellaneous77.94%
Cash17.97%
Corporate4.09%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
NVDX assets under management is 637.12 M USD. It's risen 31.90% over the last month.
NVDX fund flows account for 208.24 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, NVDX pays dividends to its holders with the dividend yield of 0.00%. The last dividend (Dec 26, 2024) amounted to 2.17 USD. The dividends are paid annually.
NVDX 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.
NVDX expense ratio is 1.05% meaning you'd have to pay 1.05% of your investment to help manage the fund.
NVDX follows the NVIDIA Corporation. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
NVDX invests in cash.
NVDX price has risen by 62.39% over the last month, and its yearly performance shows a −28.15% decrease. See more dynamics on NVDX price chart.
NAV returns, another gauge of an ETF dynamics, showed a 0.91% increase in three-month performance and has decreased by −28.12% in a year.
NAV returns, another gauge of an ETF dynamics, showed a 0.91% increase in three-month performance and has decreased by −28.12% in a year.
NVDX trades at a premium (0.40%) meaning the ETF is trading at a higher price than the calculated NAV.