T-REX 2X Long RDW Daily Target ETF (RDWU)

The T-REX 2X Long RDW Daily Target ETF (RDWU) 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 Redwire Corporation (RDW). It is a single-stock leveraged product rather than a diversified portfolio.

Redwire is a space infrastructure company that produces spacecraft components, solar arrays, deployable structures and in-space manufacturing technologies, and has expanded into defense systems. 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.