ETF Opportunities Trust - T-REX 2X Long PENG Daily Target ETF (PENU)

Qué hace este fondo

PENU is designed to make bullish bets on the stock price of Penguin Solutions (NASDAQ: PENG) through swap agreements. The objective is to obtain daily leveraged exposure equivalent to 200% of the fund's net assets. To maintain this exposure, daily rebalancing is performed to make adjustments in response to PENG's daily price movements. As a geared product, the fund is intended as a short-term tactical tool, rather than a long-term investment vehicle. As a result, returns may deviate from the expected 2x if held for longer than a single day due to compounding. This strategy is high-risk and does not include a defensive position as part of its overall process. Note that should PENGs value decline by more than 50% relative to the fund, investors could face a total loss. Additionally, the fund could potentially lose money over time, even if PENG's performance strengthens. The fund is expected to invest in money market funds, deposit accounts, and short-term debts.