T-Rex 2x LNG NVIDIA Daily Target Fund (NVDX)
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NVDX: Good Set-Up For A Leveraged Play On Nvidia Stock
The T-REX 2X Long NVIDIA Daily Target ETF remains a Buy after delivering a 250% total return over 2.5 years. NVDX achieves 2x daily exposure to NVDA via swap agreements, not by holding the underlying stock. Swap costs for NVDX rise when NVDA's implied volatility increases, impacting returns through higher spreads over SOFR.
NVDX vs. NVDL: Which 2x Nvidia ETF Is the Better Way to Press the Bet?
The T-Rex 2X Long NVIDIA Daily Target ETF (NASDAQ:NVDX) and the GraniteShares 2x Long NVDA Daily ETF (NASDAQ:NVDL) sell the same product on the label: 2x the daily move in NVIDIA.
NVDX: A Leveraged Play On Nvidia's AI Dominance
The T-Rex 2X Long Nvidia Daily Target ETF offers leveraged exposure to Nvidia's AI-driven growth and dominant GPU market position. NVDX aims to deliver 200% of NVDA's daily performance, appealing to investors confident in Nvidia's continued outperformance and expanding profitability. Recent major deals with Intel, OpenAI, and CoreWeave, plus surging AI CapEx, support a bullish outlook for NVDA and NVDX returns.
T-Rex 2x LNG NVIDIA Daily Target Fund Investors
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
| CAD Chelsea A. Delgado Main Street Group Ltd. | 900 | $12,537 | $16,186.5 | $3,649.5 | 29.11% |
| WWA Wisconsin Wealth Advisors LLC Wisconsin Wealth Advisors LLC | 20,000 | $339,600 | $409,100 | $69,500 | 20.47% |
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.
