ETF Opportunities Trust - T-REX 2X Long LITE Daily Target ETF (LITU)

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LITU uses swap agreements and listed call options to make bullish bets on the share price of Lumentum Holdings Inc. (NASDAQ: LITE). The fund may also invest directly in the LITE. Lumentum Holdings Inc. manufactures and sells optical and photonic products that power optical networking and laser applications worldwide. The fund seeks to maintain daily leveraged exposure equivalent to 200% of the daily percentage change in LITE's price through daily rebalancing. Returns may deviate from the expected 200% if held for longer than a single day due to factors such as volatility and compounding. The fund expects to invest in US Government securities, money market funds, short-term bond ETFs, and corporate debt as collateral.