New ETF is the first 2x leveraged ETF linked to
Netflix
REX Shares (“REX”) in collaboration with Tuttle Capital
Management (“TCM”), proudly announces the launch of the T-REX 2X
Long NFLX Daily Target ETF (CBOE: NFLU). This new ETF is the first
to provide investors with 200% exposure to the daily price movement
of Netflix, Inc. (NFLX), offering a powerful tool for those looking
to trade the leading streaming stock.
“With the launch of the T-REX 2X Long NFLX Daily Target ETF,
we're not only expanding our suite of innovative ETFs but also
responding to the massive investor interest in sophisticated tools
that allow for enhanced exposure to high-performing stocks like
Netflix. This first to market product is a testament to our
commitment to delivering powerful, targeted trading solutions that
align with the evolving needs of modern investors and traders,”
said Scott Acheychek, COO of REX Financial, REX Shares parent
company.
Matt Tuttle, CEO of Tuttle Capital Management, added, “As
Netflix continues to innovate and expand its business model,
particularly with the significant growth in ad revenue, our new 2X
ETF offers traders a dynamic way to engage with the stock. This
product embodies our commitment to providing cutting-edge tools for
investors seeking precision in their trading strategies.”
With this latest addition, the T-REX suite of ETFs continues to
expand, offering a wide array of leveraged and inverse products
tailored to the needs of modern traders. The T-REX ETFs, known for
their innovative approach, provide investors with both 2X leveraged
and -2X inverse exposure, allowing for diverse trading strategies
across various market conditions.
For more information on the T-REX 2X Long NFLX Daily Target ETF
and other products in the T-REX suite, please visit
www.rexshares.com.
About REX Financial:
REX Financial is an innovative ETP provider specializing in
alternative-strategy ETFs and ETNs, with over $5 billion in assets
under management. REX is renowned for creating MicroSectors and
co-creating the T-REX product lines of leveraged and inverse tools
for traders and recently launched a series of option-based income
strategies.
About Tuttle Capital Management:
Tuttle Capital Management is an industry leader in offering
thematic and actively managed ETFs. TCM utilizes informed agility
when managing portfolios, an approach that, from an informed
standpoint, can assess and blend effective elements from multiple
investment styles, and, from a position of agility, aims to stay in
harmony with market trends without being too passive or too active.
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 1-844-802-4004 or visit our website at
rexshares.com. Read the prospectus and summary prospectus carefully
before investing.
There is no guarantee that the Funds will achieve their
investment objectives.
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 leverage
(2X) investment results, understand the risks associated with the
use of leverage and are willing to monitor their portfolios
frequently. Investing in the funds is not equivalent to investing
directly in NFLX as the fund will generally hold 0% of underlying
shares of NFLX.
Important Information
Fixed Income Securities Risk. When the Fund invests in
fixed income securities, the value of your investment in the Fund
will fluctuate with changes in interest rates. Typically, a rise in
interest rates causes a decline in the value of fixed income
securities owned by the Fund.
Effects of Compounding and Market Volatility Risk. The
Fund has a daily leveraged investment objective and the Fund’s
performance for periods greater than a trading day will be the
result of each day’s returns compounded over the period, which is
very likely to differ from 200% of NFLX’s performance, before fees
and expenses. Compounding affects all investments but has a more
significant impact on funds that are leveraged and that rebalance
daily and becomes more pronounced as volatility and holding periods
increase. The impact of compounding will impact each shareholder
differently depending on the period of time an investment in the
Fund is held and the volatility of NFLX during the shareholder’s
holding period of an investment in the Fund.
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. An investment
in the Fund is exposed to the risk that a decline in the daily
performance of NFLX will be magnified. This means that an
investment in the Fund will be reduced by an amount equal to 2% for
every 1% daily decline in NFLX, not including the costs of
financing leverage and other operating expenses, which would
further reduce its value.
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. Investing in derivatives may be considered aggressive and
may expose the Fund to greater risks, and may result in larger
losses or small gains, than investing directly in the reference
assets underlying those derivatives, which may prevent the Fund
from achieving its investment objective.
Indirect Investment Risk. Netflix Inc. is not affiliated
with the Trust, the Adviser or any affiliates thereof and is not
involved with this offering in any way, and has no obligation to
consider the Fund in taking any corporate actions that might affect
the value of the Fund. The Trust, the Fund and any affiliate are
not responsible for the performance of Netflix Inc. and make no
representation as to the performance of NFLX. Investing in the Fund
is not equivalent to investing in NFLX. Fund shareholders will not
have voting rights or rights to receive dividends or other
distributions or any other rights with respect to NFLX.
Counterparty Risk. A counterparty may be unwilling or
unable to make timely payments to meet its contractual obligations
or may fail to return holdings that are subject to the agreement
with the counterparty. If the counterparty or its affiliate becomes
insolvent, bankrupt or defaults on its payment obligations to the
Fund, the value of an investment held by the Fund may decline.
Industry Concentration Risk. The Fund will be
concentrated in the industry to which Netflix Inc. is assigned
(i.e., hold more than 25% of its total assets in investments that
provide inverse exposure to the industry to which Netflix Inc. is
assigned).
Liquidity Risk. Holdings of the Fund may be difficult to
buy or sell or may be illiquid, particularly during times of market
turmoil. Illiquid securities may be difficult to value, especially
in changing or volatile markets. If the Fund is forced to buy or
sell an illiquid security or derivative instrument at an
unfavorable time or price, the Fund may be adversely impacted.
Certain market conditions or restrictions may prevent the Fund from
limiting losses, realizing gains or achieving a high correlation
with NFLX.
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.
New Fund Risk. As of the date of this prospectus, the
Fund has no operating history and currently has fewer assets than
larger funds. Like other new funds, large inflows and outflows may
impact the Fund’s market exposure for limited periods of time.
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.
Distributor: Foreside Fund Services, LLC, member FINRA, not
affiliated with REX Shares or the Funds’ investment advisor.
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version on businesswire.com: https://www.businesswire.com/news/home/20240927446868/en/
For media inquiries:
Gregory FCA for REX Shares rexshares@gregoryfca.com
Matthew Tuttle for Tuttle Capital MTuttle@TuttleCap.com