GLXU

T-REX 2X Long GLXY Daily Target ETF

$17.15

+0.00%

Market closed. Last update: 11:55 AM ET

📎 Investment Objective

The GLXU - T-REX 2X Long GLXY Daily Target ETF seeks to provide 2x the daily return of the GLXY index, which tracks a basket of large-cap technology companies.

Overview

ETF tracking T-REX 2X Long GLXY Daily Target ETF

Category Leveraged

Issuer Other

Inception Date 2025-08-08

Market Cap $10.1M

Average Volume N/A

Dividend Yield N/A

52-Week Range $15.77 - $50.03

VWAP $17.58

Performance

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Price Chart

Investment Summary

📎 Investment Objective

The GLXU - T-REX 2X Long GLXY Daily Target ETF seeks to provide 2x the daily return of the GLXY index, which tracks a basket of large-cap technology companies.

🎯 Investment Strategy

The fund uses derivatives and leveraged exposure to amplify the daily performance of the underlying index. It does not seek to achieve its stated return over periods longer than one day.

✨ Key Features

Provides 2x leveraged exposure to the GLXY technology index
Resets leverage daily, so returns may not match 2x the index over longer periods
Relatively high expense ratio compared to non-leveraged ETFs
Low assets under management, indicating low trading volume and liquidity

⚠️ Primary Risks

Significant daily volatility and potential for large losses due to leverage
Compounding effects can cause returns to deviate substantially from the target multiple over time
Counterparty risk related to the derivatives used to obtain leveraged exposure
Low trading volume and liquidity could result in wider bid-ask spreads

👤 Best For

This ETF is best suited for experienced, risk-tolerant investors with a very short-term investment horizon who are looking for magnified exposure to the technology sector. It is not recommended for long-term buy-and-hold investors due to the effects of compounding and daily resetting of leverage.