Sign In  |  Register  |  About Los Altos  |  Contact Us

Los Altos, CA
September 01, 2020 1:26pm
7-Day Forecast | Traffic
  • Search Hotels in Los Altos

  • CHECK-IN:
  • CHECK-OUT:
  • ROOMS:

REX Shares and Tuttle Capital Management Launch T-REX 2X Long NFLX Daily Target ETF (CBOE: NFLU)

New ETF is the first 2x leveraged ETF linked to Netflix

REX Shares (“REX”) in collaboration with Tuttle Capital Management (“TCM”), proudly announces the launch of the T-REX 2X Long NFLX Daily Target ETF (CBOE: NFLU). This new ETF is the first to provide investors with 200% exposure to the daily price movement of Netflix, Inc. (NFLX), offering a powerful tool for those looking to trade the leading streaming stock.

“With the launch of the T-REX 2X Long NFLX Daily Target ETF, we're not only expanding our suite of innovative ETFs but also responding to the massive investor interest in sophisticated tools that allow for enhanced exposure to high-performing stocks like Netflix. This first to market product is a testament to our commitment to delivering powerful, targeted trading solutions that align with the evolving needs of modern investors and traders,” said Scott Acheychek, COO of REX Financial, REX Shares parent company.

Matt Tuttle, CEO of Tuttle Capital Management, added, “As Netflix continues to innovate and expand its business model, particularly with the significant growth in ad revenue, our new 2X ETF offers traders a dynamic way to engage with the stock. This product embodies our commitment to providing cutting-edge tools for investors seeking precision in their trading strategies.”

With this latest addition, the T-REX suite of ETFs continues to expand, offering a wide array of leveraged and inverse products tailored to the needs of modern traders. The T-REX ETFs, known for their innovative approach, provide investors with both 2X leveraged and -2X inverse exposure, allowing for diverse trading strategies across various market conditions.

For more information on the T-REX 2X Long NFLX Daily Target ETF and other products in the T-REX suite, please visit www.rexshares.com.

About REX Financial:

REX Financial is an innovative ETP provider specializing in alternative-strategy ETFs and ETNs, with over $5 billion in assets under management. REX is renowned for creating MicroSectors and co-creating the T-REX product lines of leveraged and inverse tools for traders and recently launched a series of option-based income strategies.

About Tuttle Capital Management:

Tuttle Capital Management is an industry leader in offering thematic and actively managed ETFs. TCM utilizes informed agility when managing portfolios, an approach that, from an informed standpoint, can assess and blend effective elements from multiple investment styles, and, from a position of agility, aims to stay in harmony with market trends without being too passive or too active. Please visit www.tuttlecap.com for more information.

Investors should consider the investment objectives, risk, charges, and expenses carefully before investing. For a prospectus or summary prospectus with this and other information about the T-REX ETFs please call 1-844-802-4004 or visit our website at rexshares.com. Read the prospectus and summary prospectus carefully before investing.

There is no guarantee that the Funds will achieve their investment objectives.

The Fund is not suitable for all investors. The Fund is designed to be utilized only by knowledgeable investors who understand the potential consequences of seeking daily leverage (2X) investment results, understand the risks associated with the use of leverage and are willing to monitor their portfolios frequently. Investing in the funds is not equivalent to investing directly in NFLX as the fund will generally hold 0% of underlying shares of NFLX.

Important Information

Fixed Income Securities Risk. When the Fund invests in fixed income securities, the value of your investment in the Fund will fluctuate with changes in interest rates. Typically, a rise in interest rates causes a decline in the value of fixed income securities owned by the Fund.

Effects of Compounding and Market Volatility Risk. The Fund has a daily leveraged investment objective and the Fund’s performance for periods greater than a trading day will be the result of each day’s returns compounded over the period, which is very likely to differ from 200% of NFLX’s performance, before fees and expenses. Compounding affects all investments but has a more significant impact on funds that are leveraged and that rebalance daily and becomes more pronounced as volatility and holding periods increase. The impact of compounding will impact each shareholder differently depending on the period of time an investment in the Fund is held and the volatility of NFLX during the shareholder’s holding period of an investment in the Fund.

Leverage Risk. The Fund obtains investment exposure in excess of its net assets by utilizing leverage and may lose more money in market conditions that are adverse to its investment objective than a fund that does not utilize leverage. An investment in the Fund is exposed to the risk that a decline in the daily performance of NFLX will be magnified. This means that an investment in the Fund will be reduced by an amount equal to 2% for every 1% daily decline in NFLX, not including the costs of financing leverage and other operating expenses, which would further reduce its value.

Derivatives Risk. Derivatives are financial instruments that derive value from the underlying reference asset or assets, such as stocks, bonds, or funds (including ETFs), interest rates or indexes. Investing in derivatives may be considered aggressive and may expose the Fund to greater risks, and may result in larger losses or small gains, than investing directly in the reference assets underlying those derivatives, which may prevent the Fund from achieving its investment objective.

Indirect Investment Risk. Netflix Inc. is not affiliated with the Trust, the Adviser or any affiliates thereof and is not involved with this offering in any way, and has no obligation to consider the Fund in taking any corporate actions that might affect the value of the Fund. The Trust, the Fund and any affiliate are not responsible for the performance of Netflix Inc. and make no representation as to the performance of NFLX. Investing in the Fund is not equivalent to investing in NFLX. Fund shareholders will not have voting rights or rights to receive dividends or other distributions or any other rights with respect to NFLX.

Counterparty Risk. A counterparty may be unwilling or unable to make timely payments to meet its contractual obligations or may fail to return holdings that are subject to the agreement with the counterparty. If the counterparty or its affiliate becomes insolvent, bankrupt or defaults on its payment obligations to the Fund, the value of an investment held by the Fund may decline.

Industry Concentration Risk. The Fund will be concentrated in the industry to which Netflix Inc. is assigned (i.e., hold more than 25% of its total assets in investments that provide inverse exposure to the industry to which Netflix Inc. is assigned).

Liquidity Risk. Holdings of the Fund may be difficult to buy or sell or may be illiquid, particularly during times of market turmoil. Illiquid securities may be difficult to value, especially in changing or volatile markets. If the Fund is forced to buy or sell an illiquid security or derivative instrument at an unfavorable time or price, the Fund may be adversely impacted. Certain market conditions or restrictions may prevent the Fund from limiting losses, realizing gains or achieving a high correlation with NFLX.

Non-Diversification Risk. The Fund is classified as “non-diversified” under the Investment Company Act of 1940, as amended. This means it has the ability to invest a relatively high percentage of its assets in the securities of a small number of issuers or in financial instruments with a single counterparty or a few counterparties.

New Fund Risk. As of the date of this prospectus, the Fund has no operating history and currently has fewer assets than larger funds. Like other new funds, large inflows and outflows may impact the Fund’s market exposure for limited periods of time.

The Funds’ investment adviser will not attempt to position each Fund’s portfolio to ensure that a Fund does not gain or lose more than a maximum percentage of its net asset value on a given trading day. As a consequence, if a Fund’s underlying security moves more than 50%, as applicable, on a given trading day in a direction adverse to the Fund, the Fund’s investors would lose all of their money.

Distributor: Foreside Fund Services, LLC, member FINRA, not affiliated with REX Shares or the Funds’ investment advisor.

Contacts

Data & News supplied by www.cloudquote.io
Stock quotes supplied by Barchart
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.
 
 
Copyright © 2010-2020 LosAltos.com & California Media Partners, LLC. All rights reserved.