T-REX 2X Long SKHY Daily Target ETF (HYNX)

The T-REX 2X Long SKHY Daily Target ETF (HYNX) is a single-stock leveraged exchange-traded fund that seeks daily investment results, before fees and expenses, equal to two times (2x) the daily performance of SK hynix, the South Korean maker of memory semiconductors including DRAM, NAND flash and high-bandwidth memory used in AI computing systems.

The fund obtains its leveraged exposure mainly through swap agreements and other derivatives, holding cash and short-term instruments as collateral. Because the 2x objective applies to a single day and exposure is reset daily, returns over longer periods can differ meaningfully from twice the return of the underlying shares.

HYNX belongs to the T-REX family of leveraged and inverse ETFs offered by REX Financial and Tuttle Capital Management. It is non-diversified, with its performance tied to one company.