T-REX 2X Long NVIDIA Daily Target ETF
NVDX
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- T-Rex 2X Long NVIDIA Daily Target ETF (NVDX) is an exchange-traded fund that seeks daily investment results, before fees and expenses, corresponding to two times (2X) the daily performance of NVIDIA Corporation common stock. The fund employs a synthetic leverage strategy through swap agreements and other derivatives with counterparties to achieve its leveraged exposure; it does not invest directly in NVIDIA shares but uses total return swaps and other financial instruments to replicate amplified daily returns. NVDX operates within the leveraged and inverse ETF segment of the financial markets, targeting sophisticated investors seeking short-term trading opportunities tied to NVIDIA's stock volatility in technology and semiconductor sectors. Headquartered in New York, New York, and managed by REX Shares, LLC in partnership with Tuttle Capital Management, the ETF launched in 2024 as part of the growing suite of single-stock leveraged products. Its primary offerings include daily 2X long exposure to NVIDIA (NVDA), with a focus on intraday trading rather than long-term holding due to the effects of daily compounding and volatility decay. The fund trades on the Nasdaq exchange under the ticker NVDX and caters to retail and institutional traders interested in amplified bets on AI and graphics processing unit leaders. Recent developments include the expansion of REX Shares' T-Rex branded ETF family, with NVDX benefiting from heightened trading volumes amid NVIDIA's AI-driven market surges in 2025; no major acquisitions or name changes reported, but the firm announced additional single-stock leveraged ETFs in late 2024 to broaden its product lineup. Geographic operations are U.S.-centric, listed on domestic exchanges and available through major brokerages worldwide. The ETF maintains no subsidiaries and operates independently under REX Shares' oversight.