T-REX 2X Long Bitmine Immersion Technologies Daily Target ETF logo

T-REX 2X Long Bitmine Immersion Technologies Daily Target ETF (BMNU)

Market Closed
24 Aug, 20:00
BATS BATS
$
19. 02
+1.91
+11.1631%
$
- Market Cap
- Div Yield
6.19M Volume
$ 17.11
Previous Close
Add Transaction
Day Range
17.74 20.27
Year Range
6.1 425.6
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Summary

BMNU closed today higher at $19.02, an increase of 11.1631% from yesterday's close, completing a monthly increase of 93.4893% or $9.19. Over the past 12 months, BMNU stock gained 278.1312%.
BMNU is not paying dividends to its shareholders.
The stock of the company had never split.
The company's stock is traded on one exchange.

BMNU Chart

T-REX 2X Long Bitmine Immersion Technologies Daily Target ETF (BMNU) FAQ

What is the stock price today?

The current price is $19.02.

On which exchange is it traded?

T-REX 2X Long Bitmine Immersion Technologies Daily Target ETF is listed on BATS.

What is its stock symbol?

The ticker symbol is BMNU.

Does it pay dividends? What is the current yield?

It does not pay dividends to its shareholders.

What is its market cap?

As of today, no market cap data is available.

Has T-REX 2X Long Bitmine Immersion Technologies Daily Target ETF ever had a stock split?

No, there has never been a stock split.

T-REX 2X Long Bitmine Immersion Technologies Daily Target ETF Profile

BATS Exchange
United States Country

Overview

The T-REX 2X Long Bitmine Immersion Technologies Daily Target ETF is an innovative financial product that operates as a leveraged exchange-traded fund (ETF). Its primary goal is to generate twice the daily return of Bitmine Immersion Technologies, Inc., a company engaged in blockchain activities. This ETF is designed for investors who desire intensified exposure to the short-term price movements of Bitmine Immersion Technologies’ common stock. It recalibrates its leverage each day to continuously maintain its target of delivering 200% of the underlying stock's daily performance.

The T-REX 2X ETF distinguishes itself from conventional ETFs, which typically track an asset’s price movements without applying leverage and generally cater to longer investment horizons. Its focus on the high-volatility nature of the technology and cryptocurrency sectors makes it appealing to more sophisticated traders looking to employ tactical strategies within rapid trading contexts. Managed by REX Shares and Tuttle Capital Management, the ETF belongs to the T-REX family of leveraged products designed for unique, short-term trading opportunities.

Products and Services

  • Leveraged Exchange-Traded Fund (ETF):

    The T-REX 2X Long Bitmine Immersion Technologies ETF offers investors the ability to achieve twice the daily returns of Bitmine Immersion Technologies, focusing on capturing short-term price movements. This structure allows for potential amplified gains on a daily basis, appealing to those closely monitoring daily market fluctuations.

  • Daily Recalibration of Leverage:

    To maintain its ambitious return targets, the ETF resets its leverage daily. This recalibration is crucial in managing the risk profile of leveraged investing, ensuring that investors are aligned with the ETF's objective of achieving 200% of the underlying asset’s daily performance.

  • Synthetic Access to Blockchain Technology:

    This ETF provides synthetic exposure to a company at the forefront of digital asset mining and associated operations within the blockchain sector. This is particularly valuable for investors wanting access to the rapidly evolving cryptocurrency landscape without direct ownership of the underlying stock.

  • Targeted for Tactical Trading Strategies:

    Designed for sophisticated investors, the T-REX ETF caters to those implementing tactical trading strategies. Its focused structure allows seasoned traders to capitalize on short-term fluctuations in the stock price of Bitmine Immersion Technologies, providing a mechanism for actively managing capital in high-volatility environments.

  • Not Suitable for Long-Term Holders:

    Investors should note that this ETF is not intended for long-term buy-and-hold strategies. Due to its daily leverage adjustments, the performance over time can diverge significantly from twice the cumulative return of the underlying stock, making it essential for participants to have a clear understanding of its operational strategy.

Contact Information

Address: 155 Lockwood Road
Phone: 888 723 2821