ETF Opportunities Trust - T-REX 2X Long LITE Daily Target ETF
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- ETF Opportunities Trust – T-REX 2X Long LITE Daily Target ETF is a U.S.-domiciled, non-diversified exchange-traded fund that seeks to provide investment results, before fees and expenses, equal to 200% of the daily performance of the publicly traded common stock of Lumentum Holdings Inc. (Nasdaq: LITE). Trading on Cboe under the ticker LITU, the Fund is designed as a daily-reset, single-stock leveraged investment vehicle for investors seeking amplified long exposure to Lumentum’s share-price movements over a single trading day; it does not seek to achieve its stated 2x objective over periods longer than one day. The Fund’s primary offering is daily leveraged exposure to Lumentum stock. It generally invests at least 80% of net assets, plus borrowings for investment purposes, in financial instruments designed in aggregate to provide approximately 200% exposure to LITE’s daily price performance; these instruments may include total-return swap agreements, listed call options, direct investments in Lumentum common stock, cash and cash equivalents, U.S. government securities, money-market funds, short-term bond ETFs and corporate-debt instruments used as collateral or liquidity investments. The Fund rebalances its exposure daily and is subject to single-issuer concentration, derivatives, leverage, volatility, compounding and daily-reset risks; consequently, returns for holding periods longer than a trading day can differ materially from twice Lumentum’s cumulative return. LITU targets active, tactical and sophisticated market participants seeking short-term bullish positioning in Lumentum, a provider of optical and photonic products used in telecommunications, cloud and data-center infrastructure, and other high-bandwidth-networking applications. The Fund operates in the U.S. leveraged and inverse equity ETF market and carries a stated expense ratio of 1.50%. ETF Opportunities Trust launched the Fund on May 21, 2026, and it was listed on Cboe on the same date. The launch represents an expansion of the T-REX single-stock leveraged ETF range through a strategic alliance between REX Shares and Tuttle Capital Management, which jointly introduced LITU alongside the T-REX 2X Long ASTS Daily Target ETF. Tuttle Capital Management serves as the Fund’s investment manager, while REX Shares markets the T-REX ETF platform.