T-Rex 2x LNG NVIDIA Daily Target Fund (NVDX)
BATS BATS Primary Summary
NVDX Chart
NVDX Aims To Deliver 2x Nvidia, Here's How I'd Use It (Technical Analysis)
Nvidia Corporation has been very bullish as of late, and momentum indicators show that this may continue. T-Rex 2X Long NVIDIA Daily Target ETF, a 2x leveraged ETF on NVDA, could be used tactically to benefit from the continued momentum of the stock. NVDA's chart shows bullish momentum continuing, but there are also signs of an imminent pullback.
NVDX: How To Bet Strongly On Nvidia's AI Firepower
Owning small amounts of T-REX 2X Long NVIDIA Daily Target ETF (NVDX) can be beneficial, but it carries high volatility and risk. NVDX aims to deliver twice the daily performance of NVIDIA (NVDA), making it a high-octane holding with significant potential for capital destruction. A moving-average strategy can mitigate risks, suggesting holding NVDX when NVDA trades above its 200-day moving average and selling when below.
NVDX: Key Nvidia Volatility Catalysts To Begin 2025, Wait For A Pullback
Nvidia Corporation stock has traded sideways for six months, returning just 1.4%, and I outline why the T-Rex 2X Long NVIDIA Daily Target ETF is a hold. NVDA's forward P/E ratio is high at 47.4x, but the PEG ratio of 1.19 is attractive, though the stock's choppy trend warrants caution with a leveraged product like the NVDX ETF. NVDX, a 2x long ETF, has high volatility and should be used for short-term trading, not long-term investment, despite its strong return since October 2023.
T-Rex 2x LNG NVIDIA Daily Target Fund Dividends
T-Rex 2x LNG NVIDIA Daily Target Fund Earnings
T-Rex 2x LNG NVIDIA Daily Target Fund (NVDX) FAQ
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T-Rex 2x LNG NVIDIA Daily Target Fund Profile
| BATS Exchange | US Country |
Overview
The fund is a specialized investment vehicle designed to offer investors leveraged daily exposure to NVIDIA Corporation (NVDA) by investing primarily in swap agreements. The fund's strategy aims to provide returns that are 200% of the daily performance of NVDA, utilizing at least 80% of its net assets for this purpose. Engaging in swap agreements with reputable global financial institutions allows the fund to exchange the return it earns on NVDA for a return that is double the value of the fund’s net assets on a daily basis. This fund is classified as non-diversified, meaning it concentrates its investments in a smaller selection of securities, making it subject to more significant individual investment risks.
Products and Services
- Leveraged Daily NVDA exposure
The fund's primary service is to provide investors with leveraged daily exposure to NVIDIA Corporation. Through strategic investments in swap agreements, the fund seeks to double the daily performance of NVDA, aligning with investors who are looking for high-risk and high-reward opportunities in the technology sector.
- Swap Agreements with Global Financial Institutions
As a critical mechanism for achieving its investment objective, the fund enters into one or more swap agreements with major global financial institutions. These swaps facilitate an exchange of returns, enabling the fund to aim for 200% of the daily performance of NVDA relative to its own net assets. This approach diversifies the risk associated with direct investment in stocks while seeking to amplify returns.
Contact Information
