T-REX 2X Long LITE Daily Target ETF (LITU) Stock Price, Quote, News & History | Benzinga

The Fund, under normal circumstances, invests at least 80 percent of its net assets (plus any borrowings for investment purposes) in financial instruments that are designed to provide, in the aggregate, 200 percent exposure to the price performance of LITE on a daily basis. The Fund may also seek to achieve its investment objective by purchasing call options on LITE or by investing directly in the common stock of LITE. The Adviser will determine the allocation of the Funds investments in swap agreements, call options and direct investments in LITE common stock based upon various factors including, but not limited to, counterparty capacity, financing charges, liquidity, collateral availability, and overall market conditions for a particular instrument. Direct investments in common stock of LITE is typically less efficient than the use of swap agreements because direct investments in common stock do not provide leveraged returns. This may result in the Fund not achieving its 200 percent daily investment objective.