T-REX 2X Long SMR Daily Target ETF (SMUP)

T-REX 2X Long SMR Daily Target ETF (SMUP) seeks daily investment results, before fees and expenses, equal to two times the daily performance of the common stock of NuScale Power Corporation. It is a single-stock leveraged fund sponsored by REX Shares and Tuttle Capital Management under the T-REX brand, and its objective resets every trading day.

The fund obtains its exposure mainly through swap agreements and other derivatives on the underlying shares rather than simply holding the stock, keeping the remaining assets in cash and short-term instruments as collateral. Because the multiple applies to each day separately, results over periods longer than one day can differ meaningfully from two times the stock's return over the same period.

The underlying company: NuScale Power develops small modular nuclear reactor technology intended to provide scalable, carbon-free electricity and process heat.