T-REX 2X Long SNDK Daily Target ETF - SNDU

T-REX 2X Long SNDK Daily Target ETF is a leveraged exchange-traded fund designed to deliver daily investment results, before fees and expenses, equivalent to 200% of the daily performance of the publicly-traded common stock of Sandisk Corporation (NASDAQ: SNDK). This ETF provides magnified exposure to SNDK's daily price movements, making it a tool for traders seeking amplified returns from the technology sector, specifically the computer hardware industry. The fund employs leverage to achieve its 2x long target, which involves daily rebalancing to maintain the intended exposure. As a result, its performance over periods longer than a single trading day can differ significantly from 2x SNDK's return due to compounding effects, market volatility, and rebalancing activities. The ETF is concentrated in the industry assigned to Sandisk Corporation, presenting heightened risks associated with sector-specific factors. It suits active traders who monitor positions closely, given the potential for substantial losses if SNDK declines sharply. Launched in 2026 by REX Shares and Tuttle Capital Management, the fund forms part of the T-REX family of leveraged ETFs targeting dynamic individual stocks.