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T-REX 2X Long Tesla Daily Target ETF (TSLT)TSLT
- BUY Advisory
- Profitable SELL
- Loss-Inducing SELL
- Profit
- Loss
- PASS (Skip invest)*
Stock price based out of last close (see disclosures)
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Upturn Advisory Summary
09/11/2024: TSLT (1-star) is currently NOT-A-BUY. Pass it for now.
Analysis of Past Upturns
Type: ETF | Upturn Star Rating | Today’s Advisory: PASS |
Profit: -15.25% | Upturn Advisory Performance  1 | Avg. Invested days: 15 |
| Profits based on simulation | ETF Returns Performance  1 | Last Close 09/11/2024 |
Type: ETF | Today’s Advisory: PASS |
Profit: -15.25% | Avg. Invested days: 15 |
Upturn Star Rating | ETF Returns Performance 1 |
| Profits based on simulation Last Close 09/11/2024 | Upturn Advisory Performance 1 |
Key Highlights
Volume (30-day avg) 4814413 | Beta - |
52 Weeks Range 6.76 - 27.97 | Updated Date 09/7/2024 |
52 Weeks Range 6.76 - 27.97 | Updated Date 09/7/2024 |
AI Summarization
ETF T-REX 2X Long Tesla Daily Target ETF Summary:
Profile:
- Target Sector: Technology (specifically Tesla)
- Asset Allocation: 100% equities (specifically Tesla)
- Investment Strategy: Uses derivatives to achieve its 2x daily leverage objective, aiming to deliver twice the daily performance of Tesla stock.
Objective:
- To provide investors with 2x the daily return of Tesla stock.
Issuer:
- Issuer: REX Shares
- Reputation and Reliability: REX Shares is a relatively new ETF issuer, established in 2021, focusing on leveraged and inverse products. It has a limited track record compared to established players.
- Management: REX Shares is led by a team with extensive experience in the financial industry, including backgrounds in quantitative trading and investment banking.
Market Share:
- Holds a relatively small market share within the leveraged Tesla ETF space.
Total Net Assets:
- Approximately $1.7 million (as of November 17, 2023).
Moat:
- Unique Strategy: Provides double the daily exposure to Tesla compared to most competitors, which typically offer 1.5x or 2x exposure.
- First-mover Advantage: One of the first ETFs to offer 2x daily leverage on Tesla.
Financial Performance:
- Historical Performance: The ETF has a limited track record, launched in March 2023. Performance will closely track Tesla's daily price movement, amplified by the 2x leverage.
- Benchmark Comparison: Performance will be compared to the daily price movement of Tesla stock, multiplied by 2.
Growth Trajectory:
- Growth potential is heavily dependent on Tesla's stock performance and investor sentiment towards the company.
Liquidity:
- Average Trading Volume: Moderate trading volume, indicating reasonable liquidity.
- Bid-Ask Spread: Relatively tight bid-ask spread, suggesting low transaction costs.
Market Dynamics:
- Factors affecting the ETF include:
- Tesla's stock price performance
- Overall market volatility
- Investor sentiment towards Tesla and the electric vehicle industry
- Regulatory changes
Competitors:
- TECL: Direxion Daily 2x Bull 3x Bear Tesla (TSLA) ETF (Market Share: 85%)
- TQQQ: ProShares UltraPro QQQ (Market Share: 10%)
- TSLA: Tesla Inc. (Underlying Asset)
Expense Ratio:
- 0.95%
Investment Approach and Strategy:
- Strategy: Aims to deliver 2x the daily performance of Tesla stock through the use of financial derivatives like swaps.
- Composition: 100% invested in Tesla stock through the use of swaps.
Key Points:
- 2x Daily Leverage: Amplifies gains and losses compared to directly investing in Tesla stock.
- High Volatility: Due to leverage, the ETF's price can fluctuate significantly.
- Short-Term Focus: Designed for short-term trading, not long-term holding.
- High Risk: Suitable for experienced investors comfortable with high-risk investments.
Risks:
- Volatility Risk: The ETF's price can fluctuate significantly due to its leveraged nature.
- Market Risk: The ETF's performance is directly tied to Tesla's stock price, making it susceptible to company-specific risks and overall market conditions.
- Counterparty Risk: The ETF relies on swaps to achieve its leverage, exposing it to counterparty risk if the swap provider defaults.
Who Should Consider Investing:
- Experienced investors with a high-risk tolerance and short-term investment horizon.
- Investors seeking amplified exposure to Tesla's stock price movements.
Fundamental Rating Based on AI:
6/10
- The AI analysis considers the ETF's leverage strategy, limited track record, and dependence on Tesla's performance.
- While the unique leverage proposition and first-mover advantage are positive aspects, the high volatility and significant risks associated with the ETF warrant caution.
Resources and Disclaimers:
- Information gathered from:
- REX Shares website
- ETF.com
- Yahoo Finance
- This analysis is for educational purposes only and does not constitute financial advice.
- Investing involves risk, and you could lose money. Carefully consider your investment objectives and risk tolerance before investing in any ETF.
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
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 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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