The folks at two Connecticut ETF shops are teaming up again to expand their single-stock funds suite by three, with three additional funds coming soon.

Matthew "Matt" Tuttle Tuttle Capital Management LLC CEO, Chief Investment Officer

Last week, Scott Acheychek, CEO of REX Shares [profile], and Matt Tuttle, CEO of Tuttle Capital Management, LLC [profile], unveiled the launch of the T-REX 2X Long Apple Daily Target ETF (AAPX on the Cboe BZX), the T-REX 2X Long Alphabet Daily Target ETF (GOOX), and the T-REX 2X Long Microsoft Daily Target ETF (MSFX). The new ETFs' prospectus reveals that, to complement the above trio, the two teams are also planning three additional funds: the T-REX 2X Inverse Apple Daily Target ETF (AAPQ), the T-REX 2X Inverse Alphabet Daily Target ETF (GOOQ), and the T-REX 2X Inverse Microsoft Daily Target ETF (MSFQ).

MSFX, GOOX, and AAPX are all series of the ETF Opportunities Trust. Their inception date was January 9. Their expense ratio is 105 basis points.

Like TCM and REX's first wave of T-REX ETFs, which launched three months ago, the new funds are each focused on single stocks. AAPX is designed to offer double the daily returns of Apple's stock, GOOX is designed to do the same for Alphabet's stock, and MSFX is designed to do the same for Microsoft's stock. (AAPQ, GOOQ, and MSFQ would instead be designed to offer twice the inverse of those stocks' daily returns.)

Fairfield, Connecticut-based REX Advisers, LLC serves as the new ETFs' sponsor, while Riverside, Connecticut-based TCM serves as investment advisor. Tuttle himself is the portfolio manager.

Acheychek lays claim to REX Shares being "the only provider of 200% and -200% daily targeted leverage single stocks in the United States."

"Aligning with the evolving needs of modern traders, the T-REX Single-Stock ETFs offer advanced tools for those seeking pinpoint positioning in these tech giants," Acheychek states.

Tuttle describes the debut of MSFX, GOOX, and AAPX as "a game-changer."

"The T-REX suite now encompasses diverse sectors of the tech industry, providing targeted 2X leverage in a way previously unavailable in the ETF space," Tuttle states.

The new funds' other service providers include: Commonwealth Fund Services, Inc. as administrator; Citi Fund Services Ohio, Inc. as fund accountant; Citibank, N.A. as custodian and transfer agent; Cohen & Company, Ltd. as independent accounting firm; Foreside Fund Services, LLC as distributor; and Practus, LLP as counsel. 

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