T-Rex 2X Inverse NVIDIA Daily Target ETF (NVDQ) Stock Price, Quote, News & History

The Fund, under normal circumstances, invests in swap agreements that provide 200% inverse (opposite) daily exposure to NVDA equal to at least 80% of the Funds net assets (plus borrowings for investment purposes). The Fund will enter into one or more swap agreements with major global financial institutions whereby the Fund and the global financial institution will agree to exchange the return earned on an investment by the Fund in NVDA that is equal, on a daily basis, to -200% of the value of the Funds net assets. The Adviser attempts to consistently apply leverage to obtain short NVDA exposure for the Fund equal to -200% of the value of its net assets and expects to rebalance the Funds holdings daily to maintain such exposure. As a result of its investment strategies, the Fund will be concentrated in the industry to which NVDA is assigned (i.e., hold 25% or more of its total assets in investments that provide inverse exposure in the industry to which NVDA is assigned). As of the date of this prospectus, NVDA is assigned to the semiconductors and related devices industry.