REX NVDA Growth & Income ETF
NVII
Chicago Board Options Exchange- -
USD
- -
- -
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- CEO
- Greg King
- Sector
- Financial Services
- Industry
- Asset Management - Income
- Address
- 1241 Post Road Fairfield CT United States of America 06824
- IPO Date
- May 28, 2025
- CIK
- 0002043954
- Website
- rexshares.com
- Similar Companies
- Business
- REX NVDA Growth & Income ETF (NVII) is an actively managed exchange-traded fund that seeks weekly distributions as its primary objective and targeted daily investment results, before fees and expenses, of between 1.05x and 1.50x the daily percentage change of NVIDIA Corporation (NVDA) common stock as its secondary objective. The fund employs a covered call strategy on half of its targeted NVDA exposure to generate weekly income while maintaining uncapped upside potential on the other half; its portfolio consists of leveraged long exposure to NVDA through options contracts, swap agreements, and/or direct holdings of NVDA shares, covered call writing on NVDA call options, and short-term U.S. government securities or money market funds for collateral and additional income. Launched in May 2025 and listed on CBOE, NVII operates with a gross expense ratio of 0.99% and concentrates its investments in the semiconductors and semiconductor equipment industry within the information technology sector, targeting investors seeking balanced growth and income from NVDA exposure. REX Shares, the firm behind NVII and headquartered in Miami, Florida with additional offices in Fairfield, Connecticut, specializes in innovative exchange-traded products including alternative-strategy ETFs, leveraged and inverse ETFs such as the MicroSectors and T-REX product lines, and option-based income strategies. The company, founded in 2014, manages NVII as the inaugural fund in its new Growth & Income Covered Call ETF Suite, which builds on prior successes like the REX FANG & Innovation Equity Premium Income ETF (FEPI), REX AI Equity Premium Income ETF (AIPI), and REX Crypto Equity Premium Income ETF (CEPI). NVII's recent launch in May 2025 represents REX Shares' strategic expansion into single-stock covered call strategies, providing investors with weekly income opportunities tied to NVDA amid the AI and semiconductor market growth, with no reported acquisitions, funding rounds, or other major operational changes for the fund since inception as of late 2025. The fund trades primarily in the U.S. market, with assets under management reaching approximately $53.9 million and shares outstanding around 1.62 million as of recent data.