T-REX 2X Long LITE Daily Target ETF (LITU)

The T-REX 2X Long LITE Daily Target ETF is a leveraged single-stock fund that seeks twice the daily percentage change in the share price of Lumentum Holdings, a maker of lasers and optical components used in data center, telecommunications and industrial applications.

The fund obtains its leverage primarily through swap agreements. Because its 2x target applies to a single trading day and resets daily, returns over weeks or months can differ significantly from twice the change in Lumentum stock.

It belongs to the T-REX family of leveraged ETFs offered by REX Shares with Tuttle Capital Management, and lists on Cboe BZX.