MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Thursday, March 7, 2024 4 Months In, a New Suite Reaches $545MM A new suite of leveraged and inverse ETFs has reached about $545 million in AUM in four months.
The T-REX ETFs are each focused on single stocks, with five of the funds designed to double the daily returns of specific stocks and two of the funds designed to double the inverse of those stocks' daily returns. Matt Tuttle, CEO of TCM, is the ETFs' portfolio manager. All seven T-REX funds are series of the ETF Opportunities Trust. They each come with an expense ratio of 105 basis points. The first batch of T-REX ETFs debuted on October 19, 2023. Those four funds are: the T-REX 2X Long NVIDIA Daily Target ETF (NVDX); the T-REX 2X Long Tesla Daily Target ETF (TSLT); the T-REX 2X Inverse Tesla Daily Target ETF (TSLZ); and the T-REX 2X Inverse NVIDIA Daily Target ETF (NVDQ). As of yesterday, NVDX had grown to $274 million in AUM, TSLT to $242 million, TSLZ to $14 million, and NVDQ to $8 million. The second batch of T-REX ETFs debuted on January 9, 2024. Those three funds are: the T-REX 2X Long Microsoft Daily Target ETF (MSFX); the T-REX 2X Long Alphabet Daily Target ETF (GOOX); and the T-REX 2X Long Apple Daily Target ETF (AAPX). As of yesterday, MSFX had grown to $4 million in AUM, GOOX to $2 million, and AAPX to $1 million. The two Tesla-focused T-REX ETFs trade on the Nasdaq. Yet the suite's five other funds trade on the Cboe BZE Exchange, Inc. The seven T-REX ETFs' other providers include: 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. Printed from: MFWire.com/story.asp?s=67136 Copyright 2024, InvestmentWires, Inc. All Rights Reserved |
