T-REX 2X Long DOCN Daily Target ETF (OCNL)

The T-REX 2X Long DOCN Daily Target ETF (OCNL) is a leveraged exchange-traded fund from REX Shares and Tuttle Capital Management under the T-REX brand that seeks daily investment results, before fees and expenses, equal to two times (2x) the daily percentage change in the share price of DigitalOcean Holdings, Inc. (DOCN). It typically obtains this exposure through swap agreements and similar derivatives rather than holding only the stock itself.

Because the fund resets its leverage each trading day, its objective applies to single-day returns only. Over periods longer than one day, compounding can cause the fund's performance to differ significantly from twice the return of the underlying stock.

DigitalOcean provides cloud computing infrastructure, including virtual servers, managed databases, storage and AI compute, aimed mainly at developers, startups and small and mid-sized businesses.