T-REX 2X Long Apple Daily Target ETF
AAPX
Chicago Board Options Exchange- -
USD
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- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Leveraged
- Address
- 900 Third Avenue, 31st Floor New York NY United States of America 10022
- IPO Date
- Jan 11, 2024
- Website
- rexshares.com
- Similar Companies
- Business
- T-Rex 2X Long Apple Daily Target ETF (AAPX) is an exchange-traded fund that seeks daily investment results, before fees and expenses, equal to 200% of the daily performance of the common stock of Apple Inc. (AAPL). The fund employs leverage through derivatives, including swaps and options, to achieve its magnified exposure to AAPL's daily price movements; it holds concentrated positions primarily in Apple Inc. stock, along with pledged collateral from counterparties such as Clear Street and Cantor. AAPX operates as a short-term trading vehicle designed for sophisticated investors who actively monitor their portfolios, given the amplified volatility, compounding effects, and potential for significant losses over periods longer than one day or during high AAPL volatility. Launched on January 11, 2024, and listed on the Cboe BZX Exchange, AAPX is managed by ETF Opportunities Trust with Matthew Tuttle as portfolio manager; it is issued by REX Shares in partnership with Tuttle Capital Management, both based in the United States. The fund targets investors seeking leveraged exposure to the technology sector, specifically Apple Inc., a leading consumer electronics and technology company; its holdings exhibit non-diversification and industry concentration risk inherent to single-stock leveraged products. As of late 2025, AAPX maintains net assets around $19 million with a net expense ratio of 1.05% and trades primarily in the U.S. market. In December 2024, AAPX distributed $6.93 per share, comprising short-term capital gains, marking a significant payout amid broader ETF market growth in leveraged and AI-related products. REX Shares continues to expand the T-REX suite of first-to-market leveraged ETFs targeting high-profile names including Tesla, Nvidia, Netflix, Microsoft, and cryptocurrencies; no major acquisitions, funding rounds, or strategic shifts specific to AAPX have been reported in 2024 or 2025, underscoring its focus on daily target exposure stability.