Leveraged ETF Offers New Way to Play Trump's Media Group
The 2X leveraged exchange-traded fund is set to begin trading on March 4, according to a new issue notification from Cboe. The fund seeks leveraged results of two times the daily performance of DJT using derivatives and will carry an expense ratio of 1.05%, Rex Shares confirmed to etf.com.
Investors should keep in mind that leveraged ETFs are complex products that carry more risk than typical ETFs and are meant for active traders rather than long-term investors.
'Expanding the T-REX suite reflects investor demand for targeted, amplified exposure to some of the market's most closely watched stocks,' Scott Acheychek, chief operating officer of REX Financial, REX Shares' parent company, told etf.com. 'DJTU provides traders with an exciting new tool to get exposure to the stock, allowing them to navigate volatility and capitalize on trading opportunities."
Trump Media, the parent company of social media platform Truth Social, is a volatile stock that often trades on news related to the president instead of its fundamentals, including when it fell sharply just after Trump's inauguration. DJT is down roughly 32% year-to-date.
The double-leveraged ETF is the latest in a series of recently launched investment products tied to the president. In January, Trump Media announced its foray into the ETF industry with plans to launch fund and crypto investments via a new financial technology brand, Truth.Fi. Just a few weeks later, the company applied for trademarks for three ETFs and three separately managed account products.
While leveraged ETFs became more popular with retail traders and have the potential for gains that exceed the assets they track, they also come with added risk. A recent SEC filing points out that DJTU is designed to only be used by investors who intend to actively monitor and manage their portfolios.
DJTU's objective is to magnify the daily performance of DJT—but that's not the case for trading periods longer or shorter than a day. For periods longer than a single day, the fund will lose money if DJT's performance is flat, the filing says, adding that it's possible the fund will lose money even if DJT's performance increases over a period longer than a single day.
'The more volatile the underlying stocks are, the harder it gets for these daily leveraged ETFs to keep up,' said Lan Anh Tran, passive strategies analyst at Morningstar. 'The leverage in these ETFs exacerbates the stocks' volatility, making it harder to recover from a large loss.'
Tran added that operation-wise, these ETFs also need enough derivatives contracts on the underlying stocks to support their asset base: 'Since an ETF can't close, the capacity of the ETF depends on how liquid the derivatives market on the underlying stocks is. There have been instances where leveraged ETFs run into capacity problems as they grew too big for the derivatives market they were using.'Permalink | © Copyright 2025 etf.com. All rights reserved
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Yahoo
8 minutes ago
- Yahoo
Gavin Newsom is expertly trolling Fox News stars by mimicking Trump online — right down to the nicknames
Over the past week, Gavin Newsom's press office has been deliberately aping Donald Trump's over-the-top social media posting style in an obvious attempt to not only troll the president's most ardent defenders but also force them to come to grips with Trump's bullying and bombastic tone. The pitch-perfect parody, which comes as the California governor goes on the attack against Trump while clearly eying a run for president, has also resulted in a number of Fox News stars taking the bait – and seemingly making Newsom's point for him. 'DANA 'DING DONG' PERINO (NEVER HEARD OF HER UNTIL TODAY!) IS MELTING DOWN BECAUSE OF ME, GAVIN C. NEWSOM!' the governor's press office account tweeted on Tuesday. 'FOX HATES THAT I AM AMERICA'S MOST FAVORITE GOVERNOR ("RATINGS KING") SAVING AMERICA — WHILE TRUMP CAN'T EVEN CONQUER THE 'BIG' STAIRS ON AIR FORCE ONE ANYMORE!!! TRUMP HAS 'LOST HIS STEP' AND FOX IS LOSING IT BECAUSE WHEN I TYPE, AMERICA NOW WINS!!! THANK YOU FOR YOUR ATTENTION TO THIS MATTER.' The all-caps screed, complete with a juvenile nickname and satirically signed 'GCN' to mimic Trump adding 'DJT' to his Truth Social posts, came after Fox News host Dana Perino groused Monday afternoon about Newsom's tweets while urging him to cut it out if he wanted to be taken seriously. 'You have to stop it with the Twitter thing,' Perino complained on The Five. 'I don't know where his wife is? If I were his wife I would say, 'You are making a fool of yourself, stop it!'' Noting that Newsom has presidential ambitions, she added: 'Do not let your staff tweet—and if you are doing it yourself, put the phone away and start over. He's got a big job as governor of California, but if he wants an even bigger job he has to be a little more serious.' Perino, however, wasn't the only one to fall into the trap set by Newsom and his social media team. Earlier this week, Tomi Lahren – a Fox News contributor who first shot to fame for her take-no-prisoners liberal-bashing monologues – objected to Newsom's press office mockingly referring to MAGA activist Scott Presler – who is openly gay – as GOP Rep. Nancy Mace. 'New lows unlocked by @GavinNewsom and his team of losers,' Lahren fumed on X, only for the governor's social team to throw back MAGA's favorite attack line back in her face. 'You sound woke,' the press office fired back. The governor's office used a similar tactic last week when Fox News host Raymond Arroyo expressed indignation that Newsom said Texas Gov. Greg Abbott — who is confined to a wheelchair — had 'rolled over' after Trump called for Texas to redraw its congressional maps. 'We asked for a statement, and Newsom's office gave us something flippant like, 'You're so woke, he'll get over it,'' Arroyo grumbled before airing the press office's comment, which read: 'No. But how woke of you to ask! I'm sorry Greg's feelings were hurt. Poor guy — we hope he recovers.' Meanwhile, Fox News anchor Trace Gallagher was also apoplectic about Newsom's new approach, which has ramped up as he's taken the fight to Trump and Republicans over their mid-decade redistricting efforts ahead of next year's midterm elections. 'I don't know what he's trying to do, but it comes across as childish and – you are the governor of the biggest state in the union – what are you doing?!' Gallagher complained on Friday night. 'BIRD-BRAIN TREY GALLAGHER (A SO-CALLED FOX 'NEWS' HOST THAT NOBODY HAS EVER HEARD OF) SAYS MY POSTS ARE 'CHILDISH' AND 'UNBECOMING' OF A LEADER — CAN YOU BELIEVE IT? MANY ARE SAYING FOX ("EDIT THE TAPES") NEWS SHOULD CANCEL HIS PATHETIC LITTLE 'BEDTIME SHOW' IMMEDIATELY,' Newsom's team tweeted in response the following day. 'THEY ARE CALLING IT THE MOST BORING PROGRAM IN CABLE HISTORY. TOTAL SNOOZE FEST! SAD!!! — GCN.' Gallgher followed suit on Monday night by criticizing Newsom's 'new Trumpian style' of posting, claiming his tweet mocking the Fox News host was an attempt to be 'clever' before calling for the governor to stop obsessing about Trump. He then went on to name-check The Mamas and the Papas and The Beverly Hillbillies while urging Newsom to pay more attention to his state than his social media activity. Perino also couldn't help herself, jumping online to double and triple down on her on-air commentary about the governor's Trump mimicry – all while seeming blissfully unaware of the point of Newsom's parody of the president. Responding to Pod Save America co-host Jon Favreau sarcastically stating that Newsom 'should take a lesson from Donald Trump on this' before asking her what she thought about the president's social media habits, Perino tweeted that 'copying isn't a good look and it isn't working' while suggesting the governor come up with original content. 'I mean, it's pretty clearly a parody of Trump's absolutely insane all caps, often non-sensical posts. Probably why all the people in my life who aren't political junkies keep reaching out to say they don't know much about Newsom but think the tweets are hilarious,' Favreau replied. 'Humor and mockery can be quite effective!' 'Cool if it works and he's your 2028 nom, I will buy you dinner,' Perino reacted. As if to hammer home the point to Perino, Newsom's office responded to Perino's comments by gleefully posting: 'ALMOST A WEEK IN AND THEY STILL DON'T GET IT.' Indeed, the governor himself hasn't exactly been coy about what his intentions are in adopting the online persona of a full-time Trumpian troll. While the social media operation – which is operated by a multi-aide staff – has generated over a billion impressions across a variety of platforms, Newsom has said outright that anyone upset with his account's online insults and trollish behavior should turn their attention towards the White House. 'I'm just following his example,' Newsom said last week. 'If you have issues with what I'm putting out, you sure as hell should have concerns with what he's putting out as president.' He continued: 'To the extent it's gotten some attention, I'm pleased, but I think the deeper question is how have we allowed the normalization of his tweets, Truth Social posts over the course of the last many years, to go without similar scrutiny and notice?' As CNN's Andrew Kirell noted in Tuesday's edition of the Reliable Sources newsletter, Newsom is essentially punking the right-wing media ecosystem right now with this tactic. 'The effort, clearly designed to hold a mirror up to MAGA and 'bully the bullies,' so to speak, has evidently gone over the heads of many conservative media personalities, baiting them into making Newsom's point about Trump's behavior on their own,' he wrote. Meanwhile, after Perino once again revisited the subject during Tuesday's broadcast of The Five by insisting that 'we get the joke' but that 'it's just not funny,' Kirell asserted that this was precisely what the governor's social media operation was meant to expose. 'I'm fascinated by how they don't seem to understand that saying 'it's just not funny' is exactly the reaction his team is aiming for,' he posted on X. 'It's the whole point.' Pointing out that Gallagher and Perino seemed 'oblivious they were criticizing a parody of Trump himself,' Mediaite's Colby Hall explained that Newsom was 'shooting fish in a barrel' at this point. 'Newsom's feed isn't Trumpian—it's an X-ray of Trumpian excess, but as if it were delivered by the king of ironically detached comedy himself, Steve Martin,' Hall stated. 'Newsom didn't just enter the arena of schoolyard retorts; he grabbed the microphone, turned it upside down, and made the absurd impossible to ignore.' While others, such as The Bulwark's Sarah Longwell, have spelled out that Newsom is making MAGA 'uncomfortable because he's holding up a mirror to what you tolerate on behalf of partisanship,' Democrats are increasingly embracing the governor's approach because it shows his willingness to fight. 'That allows Newsom to step out in front and say he is the first one to stand against Texas's actions,' The Independent's Eric Garcia wrote last week, referencing the Texas redistricting battle. 'Specifically, the Texas Democrats who decamped to blue states said they would return to Texas because California would respond in kind if Texas passed their new maps.' He concluded: '2028 is a long way off and plenty could change. Other candidates might be able to prove Newsom is a paper tiger. But then again, plenty of Republicans waited for Trump to implode and he laid waste to them.'
11 minutes ago
School districts take mixed approach to AI as federal government signals support
Artificial intelligence is making its way into classrooms across the country, but how it's being used, and whether it's embraced or restricted, depends largely on the district. Some school districts are focused on preventing students from using AI to do school work for them, while others are leaning into AI as a way to prepare students for a changing workforce. But nearly all are asking the same question: How do we integrate AI without compromising learning or trust? Earlier this year, in April, President Donald Trump signed an executive order to create new educational and workforce development opportunities for America's youth, establishing the White House Task Force on Artificial Intelligence Education, which is responsible for implementing and promoting "the appropriate integration of AI into education, providing comprehensive AI training for educators, and fostering early exposure to AI concepts and technology to develop an AI-ready workforce and the next generation of American AI innovators," according to a White House fact sheet. Over the summer, the U.S. Department of Education weighed in on the matter, confirming in a letter that federal education funds can be used to support AI initiatives, including developing or purchasing instructional tools that adapt to learners in real time, or expanding access to personalized learning materials, so long as those uses follow existing laws and regulations. Education Secretary Linda McMahon has also proposed prioritizing grants to AI-focused initiatives. "Artificial intelligence has the potential to revolutionize education," McMahon said in a statement in July, adding that responsible use requires parent and teacher engagement, ethical safeguards and a focus on individualized learning. One district takes a structured, all-in approach In Hancock Place School District in St. Louis, Missouri, which includes nearly 1,300 children, AI isn't just allowed, it's part of a formal plan. "We have a formal, board-approved AI policy along with a comprehensive AI Use Plan," Michelle Dirksen, the district's director of technology, told ABC News. The district has vetted tools like Brisk, a Chrome and Edge extension that helps teachers with curriculum, feedback, and differentiation, and Snorkl, an app that uses AI to give students feedback on their thinking, and has appointed an AI coordinator to oversee implementation. This summer, Hancock Place hosted the first AI Educator Summit in the St. Louis region, drawing more than 160 educators from 16 districts, according to Dirksen. "They're already using AI creatively for feedback, writing support, engagement and differentiation," Dirksen said. "While some are still building confidence, we're committed to providing the training and resources they need." School superintendent says AI is helping close the achievement gap For Tom Colabufo, superintendent of the Central Square School District in New York, which serves 3,600 students, AI has become essential to closing the post-pandemic achievement gap. "Since COVID-19, the gap between high-performing students and struggling learners has widened more than ever before," he told ABC News. Colabufo explained that AI helps teachers plan lessons aligned to state standards while differentiating for advanced students and those who need more support, including Individualized Education Programs, or IEPs, and accommodations for students with disabilities. "What once took hours of manual planning can now be accomplished in minutes," he said. "AI can also analyze student work through secure, compliant platforms, offering instant feedback and targeted intervention strategies." Colabufo was quick to push back on the idea that using AI is "cheating" when it comes to teaching. "We care less about where teachers source their lesson materials from and more about student engagement, learning outcomes and classroom experience," he said. "AI enhances all of those elements." When it comes to students, Colabufo said he believes the key is rethinking assessment. "Plagiarism existed long before AI. What matters now is creating authentic, in-class assessments that reflect students' true capabilities," he said, noting that his district uses monitoring tools to ensure academic integrity. Colabufo also pointed out that AI can be a lifeline for students struggling to grasp certain concepts. He shared the example of his own son, who used ChatGPT to get step-by-step math help. "That's not cheating, it's maximizing resources," he said. Experts call for proactive policies to guide responsible use With the federal government now signaling that AI can be funded through existing education grants, the path forward is clearer, but not every district is ready to take it. Some school districts remain cautious, creating task forces or waiting for more concrete guardrails before committing. Karle Delo, an AI strategist at Michigan Virtual, a nonprofit provider of online courses for educators and students, says resistance often comes from not fully understanding the technology, and that's where schools can take a leadership role. "When I work with districts, we start by creating an AI task force or work group," Delo told ABC News. "That leads to guidance that addresses concerns like academic integrity, cheating and misinformation. If we just ignore it, those problems continue. But if we're proactive, we can control the narrative and guide students to use the technology responsibly." She added that the same principle applies to individual teachers. "If you understand how to use the technology yourself, you're going to be much more prepared for conversations with students about it," she said. "I'm not here to push AI, but let's be informed about it and come to it from an educated place." That emphasis on balance and responsibility is echoed in a 2024 National Education Association task force report, which stressed that while AI can be powerful, authentic teacher-student relationships must remain at the center of learning. The report warned against reducing that idea to "keeping humans in the loop," arguing that what matters most is trust, connection and student well-being, something no algorithm can replace. Whatever the case, educators and leaders seem to agree that ignoring AI won't make it go away -- it's already here.
Newsweek
11 minutes ago
- Newsweek
Donald Trump Changing West Colonnade in Another White House Project
Based on facts, either observed and verified firsthand by the reporter, or reported and verified from knowledgeable sources. Newsweek AI is in beta. Translations may contain inaccuracies—please refer to the original content. President Donald Trump appears to be embarking upon another White House project, as images shared on social media shared a glimpse into a project along the West Colonnade. Newsweek reached out to the White House outside of regular working hours via email for comment. Why It Matters Since the beginning of his second term, Trump has directed several major renovations at the White House. Trump redesigned the previously minimalist Oval Office, making some of the most significant changes to the room's appearance in modern presidential history, adding gold medallions, gold vermeil figurines, gold eagles, and gilded Rococo mirrors. Trump also paved over the iconic White House Rose Garden. These renovations, completed on August 1, involved replacing the lawn entirely with a white, concrete patio featuring diamond-shaped plates. President Donald Trump walks on the West Colonnade of the White House on January 31, 2025. President Donald Trump walks on the West Colonnade of the White House on January 31, 2025. Oliver Contreras/Sipa USA/Sipa via AP Images What To Know In a recent post on X, Florida's Voice Assistant News Director Eric Daugherty posted two images of Trump in the West Colonnade, and wrote that the president was doing another "major project." In both images, Trump is accompanied by U.S. Attorney for the District of Columbia Jeanine Pirro. The first of the two images shows two framed portraits of former Presidents Thomas Jefferson and George Washington being hung on the wall by two men. On either side of the framed picture, multiple pieces of beige paper are affixed to the wall, similar in size to the paintings, suggesting that more pictures could be hung. 🚨 EPIC! President Trump is doing a major project at the White House colonnade and was spotted there with Judge Jeanine. The guy thinks of a new project every week. Real estate developer Trump is the best Trump. 🇺🇸🔥 — Eric Daugherty (@EricLDaugh) August 20, 2025 The West Colonnade, also known as the "45-second commute," was originally built for Jefferson to run alongside service spaces. In recent years, the open columned walkway has been used by the president and staff to travel between the Executive Residence and the West Wing. What People Are Saying White House Communications Director Steven Cheung, in a statement shared by The New York Times in March: "The White House has not been given any tender, loving care in many decades, so President Trump is taking necessary steps in order to preserve and restore the greatness and glory of 'the People's House.'" Eric Daugherty, on X: "The guy thinks of a new project every week. Real estate developer Trump is the best Trump." Chris D. Jackson, a political strategist who worked on the Biden campaign, on X in July: "This is awful. The Rose Garden and Colonnade used to be my favorite parts of the White House—now they look like everything else he touches: stripped down, soulless, and ruined. Here's hoping the next First Family doesn't just reverse policy but rips out every bit of this tasteless mess." What Happens Next There have been reports that Trump intends to build a ballroom in the White House, similar to the one at his Florida residence, Mar-a-Lago.
