T-REX 2X Long PENG Daily Target ETF (PENU)

The T-REX 2X Long PENG Daily Target ETF (PENU) is a leveraged single-stock ETF in the T-REX lineup offered by REX Financial and Tuttle Capital Management. It aims to deliver two times the daily percentage change in the shares of Penguin Solutions, the company that trades under the ticker PENG and provides high-performance computing, memory and AI infrastructure solutions.

The fund uses swaps and other derivatives to achieve its leveraged exposure and rebalances daily. Its objective is defined over a single day, so returns over longer holding periods may differ substantially from two times the stock's performance because of daily compounding.

PENU is listed on Cboe BZX.