T-REX 2X Inverse CRWV Daily Target ETF (CORD): ETF
ETF traded on BATS under symbol CORD. Quoted in usd.
T-REX 2X Inverse CRWV Daily Target ETF
CORD is designed for making bearish bets on the stock price of CoreWeave Incorporated through swap agreements. The objective is to obtain daily inverse exposure equivalent to -200% of the fund's net assets. To maintain this exposure, daily rebalancing is performed to make adjustments in response to CRWV's daily price movements. As a geared product, the fund is intended as a short-term tactical tool, rather than as a long-term investment vehicle. As a result, returns may deviate from the expected -2x if held for longer than a single day due to compounding. This strategy is high-risk and does not include a defensive position as part of its overall process. It's important to note that the fund could potentially lose money over time, even if CRWVs performance weakens. The fund is expected to hold money market funds, deposit accounts, and short-term debts.
Largest holdings
- Cash & Other295.52%
- FIRST AMERICAN GOVERNMENT OBLI FIRST AM GOV OBLIG X4.65%
- COREWEAVE SWAP CANTOR-3.36%
- COREWEAVE SWAP JANE STREET-34.55%
- COREWEAVE SWAP CLEAR STREET-162.26%
30d
20.48M
60d
16.57M
90d
15.26M