T-Rex 2X Long Apple Daily Target ETF (AAPX)

The T-Rex 2X Long Apple Daily Target ETF is a single-stock leveraged fund from the T-Rex line of ETFs, a collaboration between REX Shares and Tuttle Capital Management. It seeks daily investment results equal to two times (200%) the daily percentage change in the share price of Apple Inc.

The fund gains its exposure primarily through swap agreements on Apple stock and rebalances each trading day to maintain the 2x target. Because the objective resets daily, the fund's return over periods longer than one day can differ substantially from twice Apple's return for the same period, particularly when the stock is volatile.

Apple, headquartered in Cupertino, California, designs and sells the iPhone, Mac, iPad and Apple Watch along with a broad range of software and services. The ETF trades on Cboe BZX under the ticker AAPX.