T-REX 2X Long RBLX Daily Target ETF (RBLU)

The T-REX 2X Long RBLX Daily Target ETF (RBLU) is an exchange-traded fund from REX Financial and Tuttle Capital Management under the T-REX brand that seeks daily investment results equal to two times (2x) the daily percentage change in the share price of Roblox Corporation (RBLX). It is a single-stock leveraged product rather than a diversified portfolio.

Roblox operates an online platform where users create, share and play immersive games and experiences, earning revenue mainly from sales of its virtual currency, Robux. The fund typically obtains its exposure through swap agreements and other derivatives rather than simply holding the shares, and it rebalances its exposure every trading day.

Because the leverage target resets daily, the fund's returns over periods longer than one day can differ substantially from the stated multiple of the stock's return for the same period, particularly when the share price is volatile.