T-REX 2X Long AFRM Daily Target ETF (AFRU)

The T-REX 2X Long AFRM Daily Target ETF (AFRU) is a leveraged single-stock exchange-traded fund from the T-REX product line offered by REX Financial and Tuttle Capital Management. The fund seeks daily investment results, before fees and expenses, equal to two times (200%) the daily percentage change in the share price of Affirm Holdings, the buy now, pay later consumer lending company.

To obtain its leveraged exposure, the fund primarily uses derivatives such as swap agreements and may also hold shares of Affirm directly. Because the 2x objective is reset each trading day, the fund targets daily returns only, and its performance over periods longer than one day can differ significantly from twice the return of Affirm stock over the same period, particularly when the stock is volatile.

The fund is intended as a short-term trading tool. Its shares are listed on Cboe BZX.