T-REX 2X Long TE Daily Target ETF (TEUP)

The T-REX 2X Long TE Daily Target ETF (TEUP) is a leveraged single-stock exchange-traded fund from REX Shares and Tuttle Capital Management that seeks daily investment results equal to 200% of the daily percentage change in the share price of T1 Energy Inc. (NYSE: TE).

T1 Energy, formerly known as FREYR Battery, is focused on U.S. solar panel manufacturing and related clean energy supply chain projects. The fund gains its exposure primarily through swap agreements referencing T1 Energy stock.

The 2x target applies only to daily returns. Over longer periods, compounding can cause the fund's performance to differ significantly from twice the stock's return, so it is designed for short-term trading.