T Rex 2X Inverse MSTR Daily Target ETF
Data updated: 2026-04-30
C000247683 — T Rex 2X Inverse MSTR Daily Target ETF. Inverse / Short · $149.27M AUM · 1.50% expense ratio. Holdings, fees, performance and SEC filings.
C000247683 Fund Overview
T Rex 2X Inverse MSTR Daily Target ETF is a US ETF managed by ETF Opportunities Trust, categorised as Inverse / Short. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US ETF
- Manager: ETF Opportunities Trust
- Category: Inverse / Short
- Assets under management: $149.27M
- SEC CIK: 0001771146
- SEC series ID: S000083674
- Share class ID: C000247683
C000247683 Investment Objective and Strategy
T Rex 2X Inverse MSTR Daily Target ETF describes its objective and strategy as follows, from its latest prospectus filed with the SEC by ETF Opportunities Trust.
Investment objective
The Fund seeks daily investment results, before fees and expenses, of 200% of the inverse (or opposite) of the daily performance of MSFT. The Fund does not seek to achieve its stated investment objective for a period of time different than a trading day.
Principal investment strategy
The Fund, under normal circumstances, invests at least 80% of its net assets (plus any borrowings for investment purposes) in financial instruments that are designed to provide, in the aggregate, 200% inverse (opposite) exposure to the price performance of MSFT on a daily basis. The Fund may also seek to achieve its investment objective by purchasing put options on MSFT or by engaging in short sales of the common stock of MSFT. The Adviser will determine the allocation of the Funds investments in swap agreements, put options and short sales of MSFT common stock based upon various factors including, but not limited to, counterparty capacity, financing charges, liquidity, collateral availability, and overall market conditions for a particular instrument. Short sales of the common stock of MSFT are typically less efficient than the use of swap agreements because short sales do not provide leveraged returns.
This may result in the Fund not achieving its -200% daily investment objective. The Fund will enter into one or more swap agreements with financial institutions whereby the Fund and the financial institution will agree to exchange the return earned on an investment by the Fund in MSFT that is equal, on a daily basis, to -200% of the value of the Fund's net assets. If the Adviser determines to use put options, the Fund will purchase exchange traded put options, including FLEX Options, with MSFT as the reference security. Put options give the holder ( i.e., the buyer) the right to sell an asset and the seller ( i.e., the writer) the obligation to purchase the asset at a certain defined price. FLexible EXchange Options (FLEX Options) are customized options contracts that trade on an exchange but provide investors with the ability to customize key contract terms like strike price, style and expiration date while achieving price discovery in competitive, transparent auctions markets and avoiding the counterparty exposure of over-the-counter (OTC) options positions.
Like traditional exchange-traded options, FLEX Options are guaranteed for settlement by the OCC, a market clearinghouse that guarantees performance by counterparties to certain derivatives contracts. The FLEX Options are listed on the Chicago Board Options Exchange. If the Adviser determines to engage in short sales on the common stock of MSFT, the Fund will sell shares of MSFT that it has borrowed. When executing a short sale, the Fund borrows the security from a third party and sells it at the then current market price. The Fund is then obligated to buy the security on a later date and return the security to the lender. The Fund will realize a profit if the price of the underlying stock decreases or incur a loss if the price of the underlying stock increases while the Fund is holding the borrowed security.
The Fund may reinvest the proceeds of its short sales. The Adviser attempts to consistently apply leverage to obtain short MSFT 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 MSFT is assigned ( i.e ., hold 25% or more of its total assets in investments that provide inverse exposure in the industry to which MSFT is assigned). As of the date of this prospectus, MSFT is assigned to the technology sector and the computer software industry. The Fund will attempt to achieve its investment objective without regard to overall market movement or the increase or decrease of the value of MSFT. At the close of the markets each trading day, the Adviser rebalances the Funds portfolio so that its exposure to MSFT is consistent with the Funds investment objective.
The impact of MSFTs price movements during the day will affect whether the Funds portfolio needs to be rebalanced. For example, if the price of MSFT has fallen on a given day, net assets of the Fund should rise, meaning that the Funds exposure will need to be increased. Conversely, if the price of MSFT has risen on a given day, net assets of the Fund should fall, meaning the Funds exposure will need to be reduced. This daily rebalancing typically results in high portfolio turnover. On a day-to-day basis, the Fund is expected to hold money market funds, deposit accounts with institutions with high quality (investment grade) credit ratings, and/or short-term debt instruments that have terms-to-maturity of less than 397 days and exhibit high quality (investment grade) credit profiles, including U.S.
government securities and repurchase agreements. The Fund may invest in other exchange-traded funds for cash management purposes. Such exchange-traded funds may include The Laddered T-Bill ETF, which the Board of Trustees of the Fund has determined to be within the same group of investment companies as the Fund. The terms daily, day, and trading day, refer to the period from the close of the markets on one trading day to the close of the markets on the next trading day. The Fund is non-diversified, under the Investment Company Act of 1940, as amended. Additionally, the Funds investment objective is not a fundamental policy and may be changed by the Funds Board of Trustees without shareholder approval. Information about Microsoft Corp. (MSFT) Microsoft Corp. develops, licenses, and supports software, services, devices, and solutions worldwide.
As of April 2026, the market capitalization of Microsoft Corporation is approximately $2.76 trillion. MSFT is registered under the Securities Exchange Act of 1934, as amended (the Exchange Act). Information provided to or filed with the Securities and Exchange Commission by Microsoft Corp. pursuant to the Exchange Act can be located by reference to the Securities and Exchange Commission file number 001-37845 through the Securities and Exchange Commissions website at www.sec.gov. In addition, information regarding Microsoft Corp. may be obtained from other sources including, but not limited to, press releases, newspaper articles and other publicly disseminated documents. The Fund has derived all disclosures contained in this document regarding Microsoft Corp. from the publicly available documents described above.
Neither the Fund, the Trust, the Adviser nor any affiliate has participated in the preparation of such documents. Neither the Fund, the Trust, the Adviser nor any affiliate makes any representation that such publicly available documents or any other publicly available information regarding Microsoft Corp.is accurate or complete. Furthermore, the Fund cannot give any assurance that all events occurring prior to the date of the prospectus (including events that would affect the accuracy or completeness of the publicly available documents described above) that would affect the trading price of MSFT have been publicly disclosed. Subsequent disclosure of any such events or the disclosure of, or failure to disclose, material future events concerning Microsoft Corp. could affect the value of the Funds investments with respect to MSFT and therefore the value of the Fund.
Because of daily rebalancing and the compounding of each days return over time, the return of the Fund for periods longer than a single day will be the result of each days returns compounded over the period, which will very likely differ from -200% of the return of the underlying security over the same period. The Fund will lose money if the underlying security performance is flat over time, and as a result of daily rebalancing, the underlying securitys volatility and the effects of compounding, it is even possible that the Fund will lose money over time while the underlying securitys performance decreases over a period longer than a single day.
C000247683 Holdings
Top 2 holdings of T Rex 2X Inverse MSTR Daily Target ETF by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Mstz Trs Mstr Eq | 184.07% |
| Mstz Trs Mstr Eq | 16.80% |
C000247683 Portfolio Allocation
Asset-class allocation of T Rex 2X Inverse MSTR Daily Target ETF by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Derivatives | 200.9% |
C000247683 Costs and Fees
C000247683 costs about $150 per $10,000 invested per year in fund expenses.
- Net expense ratio: 1.50%
- Gross expense ratio: 1.50%
C000247683 Cashflows
Over the 12 months to 2024-11, T Rex 2X Inverse MSTR Daily Target ETF had net inflows of $165.57M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2024-11 | $132.59M |
| 2024-10 | $29.69M |
| 2024-09 | $3.29M |
C000247683 Debt Constituents
No individual debt constituents are reported in T Rex 2X Inverse MSTR Daily Target ETF's latest SEC N-PORT filing.
C000247683 Prospectus and SEC Filings
Official T Rex 2X Inverse MSTR Daily Target ETF filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
Related Funds
Other Inverse / Short funds tracked on ABC INVEST:
Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.