T-REX 2X Long FIGR Daily Target ETF (FGRU)

T-REX 2X Long FIGR Daily Target ETF (FGRU) is a leveraged single-stock exchange-traded fund from REX Financial and Tuttle Capital Management. It seeks daily investment results, before fees and expenses, equal to 200% (two times) the daily percentage change in the share price of Figure Technology Solutions, Inc. (FIGR).

Figure Technology Solutions is a financial technology company that uses blockchain technology for lending and capital markets activity, including home equity lending products. The fund obtains its leveraged exposure mainly through derivatives such as swap agreements rather than by simply holding the shares.

The fund targets two times the return for a single day only and resets its leverage daily, so its results over periods longer than one day can differ significantly from twice the underlying stock's return.