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Upturn AI SWOT - About
T-REX 2X Long Tesla Daily Target ETF (TSLT)
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Upturn Advisory Summary
12/12/2024: TSLT (1-star) has a low Upturn Star Rating. Not recommended to BUY.
Upturn Star Rating
Not Recommended Performance
These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.
AI Based Fundamental Rating
Below Average Performance
These Stocks/ETFs, based on Upturn Advisory, often underperform the market, warranting careful consideration before investing.
Analysis of Past Performance
Type ETF | Historic Profit 1.62% | Avg. Invested days 17 | Today’s Advisory Consider higher Upturn Star rating |
Upturn Star Rating | Upturn Advisory Performance  2.0 | ETF Returns Performance  1.0 |
| Profits based on simulation | Last Close 12/12/2024 |
Key Highlights
Volume (30-day avg) 5918813 | Beta - | 52 Weeks Range 6.76 - 56.90 | Updated Date 04/1/2025 |
52 Weeks Range 6.76 - 56.90 | Updated Date 04/1/2025 |
Upturn AI SWOT
ETF T-REX 2X Long Tesla Daily Target ETF Summary
Profile: ETF T-REX 2X Long Tesla Daily Target ETF offers investors leveraged exposure to Tesla Inc. shares. It aims to deliver twice the daily performance of Tesla's stock price, making it suitable for investors seeking aggressive growth potential. The ETF uses derivatives and swaps to achieve its objective, making it a complex and potentially volatile investment.
Objective: The ETF's primary goal is to amplify Tesla's daily price movements, offering investors the opportunity to magnify their potential gains or losses.
Issuer: The ETF is issued and managed by Tuttle Capital Management, LLC, a relatively new company founded in 2021. While young, the firm has gained recognition for its innovative ETF offerings, including the T-REX series.
Market Share: As of November 14, 2023, T-REX 2X Long Tesla Daily Target ETF holds a small market share within the broader leveraged ETF space.
Total Net Assets: The ETF's total net assets are currently valued at approximately $10 million.
Moat: The ETF's primary competitive advantage lies in its unique daily 2x leverage strategy, focusing on a specific high-growth company like Tesla. This niche focus could attract investors seeking targeted exposure to Tesla's potential.
Financial Performance: The ETF's performance directly correlates with Tesla's stock price fluctuations. Since its inception in 2023, the ETF has experienced significant volatility, mirroring Tesla's price swings.
Benchmark Comparison: The ETF's performance is compared against the daily performance of Tesla's stock price.
Growth Trajectory: The ETF's growth trajectory is heavily dependent on Tesla's stock price performance. Given Tesla's history of volatility and potential for further growth, the ETF's future trajectory is uncertain.
Liquidity: The ETF's average trading volume is moderate, indicating moderate liquidity.
Bid-Ask Spread: The ETF's bid-ask spread is relatively tight, indicating comparatively low trading costs.
Market Dynamics: Factors affecting the ETF's market environment include Tesla's stock price movements, overall market sentiment, economic indicators, and regulatory changes.
Competitors: Key competitors in the leveraged ETF space include Direxion Daily S&P 500 Bull 2X Shares (SPUU) and ProShares UltraPro QQQ (TQQQ).
Expense Ratio: The ETF's expense ratio is 0.95%, which is considered average for leveraged ETFs.
Investment Approach and Strategy: The ETF uses a daily rebalancing strategy to achieve its 2x leverage target. It invests in a combination of Tesla shares, swaps, and other derivatives to amplify the daily performance of Tesla's stock price.
Key Points:
- Offers leveraged exposure to Tesla's daily price movements.
- Targets aggressive growth potential.
- Suitable for investors comfortable with high volatility.
- Managed by a young but innovative firm.
- Relatively low expense ratio.
Risks:
- High volatility: The ETF's price can fluctuate significantly, potentially leading to substantial losses.
- Market risk: The ETF's performance is directly tied to Tesla's stock price, exposing investors to the risks associated with the company and the broader market.
- Counterparty risk: The ETF relies on derivatives and swaps, introducing counterparty risk if the involved institutions fail to fulfill their obligations.
Who Should Consider Investing: This ETF is suitable for experienced investors who:
- Have a high-risk tolerance and can withstand significant volatility.
- Believe in the long-term growth potential of Tesla.
- Seek targeted exposure to Tesla's stock price movements.
- Understand the complexities of leveraged investment strategies.
Fundamental Rating Based on AI:
Based on an AI-powered analysis, the ETF T-REX 2X Long Tesla Daily Target ETF receives a 7 out of 10 rating. This rating considers the ETF's unique strategy, moderate market share, recent inception, and high volatility. While the ETF offers potential for significant gains, it also carries substantial risks.
Resources:
- Tuttle Capital Management: https://tuttlecap.com/etfs/
- ETF.com: https://www.etf.com/T-REX
Disclaimer: This information is for educational purposes only and should not be considered investment advice. Please conduct your own research and consult with a financial professional before making any investment decisions.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About T-REX 2X Long Tesla Daily Target ETF
Exchange NASDAQ | Headquaters - | ||
IPO Launch date - | CEO - | ||
Sector - | Industry - | Full time employees - | Website |
Full time employees - | Website | ||
The fund, under normal circumstances, invests in swap agreements that provide 200% daily exposure to TSLA equal to at least 80% of its net assets (plus any 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 invests in TSLA that is equal, on a daily basis, to 200% of the value of the fund"s net assets. The fund is non-diversified.
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