T-REX 2X Inverse Tesla Daily Target ETF
TSLZ
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ROIC.AI
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- T-Rex 2X Inverse Tesla Daily Target ETF (TSLZ) is an actively managed exchange-traded fund that seeks daily investment results, before fees and expenses, equal to 200% of the inverse (or opposite) of the daily performance of the common stock of Tesla, Inc. (NASDAQ: TSLA); the Fund utilizes derivatives such as swaps, options contracts, cash equivalents, and short positions to achieve its leveraged inverse exposure, with principal holdings including cash and cash equivalents, TSLA equity total return swaps (TRS), and receivables/payables on TSLA TRS; it is designed as a short-term trading vehicle for sophisticated investors who actively monitor their positions, given the effects of compounding, volatility decay, and daily rebalancing that cause performance over periods longer than one trading day to diverge significantly from -2x TSLA's return. TSLZ forms part of the T-REX suite of leveraged and inverse single-stock ETFs offered through a collaboration between REX Shares, an innovative provider of alternative-strategy exchange-traded products founded in 2014 and headquartered in Miami, Florida with operations in Fairfield, Connecticut, and Tuttle Capital Management, LLC, a New York-based investment adviser established in 2012 that specializes in thematic and actively managed ETFs; the Fund trades on the Cboe BZX Exchange, targets traders seeking tactical downside exposure to TSLA in the consumer discretionary and automobiles sector, and operates domestically in the United States with a net expense ratio of 1.05%. Launched on October 18, 2023, as the first -2x daily target ETF on TSLA in the U.S., TSLZ underwent a significant 1-for-20 reverse share split effective October 28, 2025, reducing outstanding shares proportionally while maintaining shareholder value (except for fractional shares redeemed in cash) to address share price decline amid TSLA's performance; this operational change aligns with similar reverse splits executed on other T-REX ETFs like NVDQ and ETQ in October 2025, reflecting ongoing portfolio management amid the suite's expansion to over 20 leveraged and inverse products covering names such as Nvidia, MicroStrategy, Netflix, and spot Ether, with no major acquisitions, funding rounds, or new product launches specific to TSLZ reported in the past 1-2 years.