T-REX 2X Long PURR Daily Target ETF (KATT)

The T-REX 2X Long PURR Daily Target ETF (KATT) is a leveraged single-asset fund from REX Financial and Tuttle Capital Management under the T-REX brand. It seeks to deliver twice the daily return of an underlying asset referenced as PURR in the fund's name.

The fund obtains its leveraged exposure through derivatives such as swaps rather than simply holding the underlying asset. Its leverage is reset every day, so it targets daily returns only, and its performance over longer periods can differ significantly from twice the cumulative return of the underlying.

The product is designed as a short-term trading tool for investors who want amplified exposure to a single underlying asset.