ETF Opportunities Trust - T-REX 2X Long SNOW Daily Target ETF
SNOU
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- ETF Opportunities Trust – T-REX 2X Long SNOW Daily Target ETF (CBOE: SNOU) is a U.S.-domiciled, non-diversified exchange-traded fund that seeks daily investment results, before fees and expenses, equal to 200% of the daily performance of Snowflake Inc. common stock (NASDAQ: SNOW). Launched on April 24, 2025, the Fund provides leveraged single-stock exposure for investors seeking short-term, bullish tactical exposure to Snowflake, a cloud data platform and artificial intelligence software company. The Fund is part of the T-REX single-stock ETF suite and is offered through ETF Opportunities Trust, with Tuttle Capital Management LLC serving as investment adviser and REX Shares collaborating on the T-REX product platform. The Fund’s investment strategy consists principally of financial instruments designed to provide aggregate daily exposure to SNOW, including swap agreements and other derivatives, alongside cash, money market instruments, short-term debt securities and collateral investments; under normal circumstances, it invests at least 80% of net assets, plus borrowings for investment purposes, in instruments designed to provide 200% daily exposure to Snowflake’s price performance. SNOU resets its leverage daily and does not seek to achieve its stated multiple over periods longer than one trading day; returns over longer holding periods may differ materially from twice Snowflake’s cumulative performance due to daily compounding, volatility and rebalancing. The Fund targets sophisticated investors and active traders in the U.S. market and is listed on Cboe. Recent major developments include the April 2025 launch of SNOU by REX Shares and Tuttle Capital Management as the first U.S. ETF designed to provide 2x leveraged daily exposure to Snowflake; the subsequent April 2025 availability of listed options on SNOU, expanding trading and hedging alternatives for market participants; and the continued expansion of the broader T-REX leveraged single-stock ETF lineup.