Latest news with #ScottAcheychek
Business Wire
08-08-2025
- Business
- Business Wire
REX Shares and Tuttle Capital Management Launch T-REX 2X Long GLXY Daily Target ETF (CBOE: GLXU)
MIAMI--(BUSINESS WIRE)--REX Shares ("REX"), in partnership with Tuttle Capital Management ("TCM"), is pleased to announce the launch of the T-REX 2X Long Galaxy Digital Daily Target ETF (CBOE: GLXU). GLXU marks the first 2x leveraged ETF offering exposure to Galaxy Digital Holdings Ltd. (GLXY) in the United States - a diversified financial services platform in crypto finance, with core businesses in asset management, trading, and investment banking. The debut of GLXU continues the expansion of the T-REX lineup, a suite of single-stock ETFs built for active traders seeking short-term, amplified exposure to companies driving the future of sectors like AI, blockchain, and energy. 'With the launch of GLXU, we're offering traders a way to take amplified views on companies at the center of digital asset innovation,' said Scott Acheychek, COO of REX Financial. 'This expansion of the T-REX lineup underscores our commitment to building precision tools for active traders.' Matt Tuttle, CEO of Tuttle Capital Management, added: 'We continue to see strong demand from traders seeking tactical exposure to individual names. These 2x ETFs allow them to express their convictions with precision and speed across multiple sectors driving the modern economy.' The T-REX ETF suite currently includes more than 20 leveraged and inverse ETFs providing 2x and -2x daily exposure to major names like Tesla, NVIDIA, Strategy, and spot digital assets like Bitcoin and Ether. For full fund details, holdings, and risk disclosures, visit About REX REX is an innovative provider of exchange-traded products specializing in alternative-strategy ETFs and ETNs, with over $7 billion in assets under management. REX is renowned for its MicroSectors™ and T-REX product lines and recently introduced a series of option-based income strategies. For more information, visit About Tuttle Capital Management Tuttle Capital Management is a leader in thematic and actively managed ETFs, leveraging an agile investment approach to align with market trends. For details, visit Investors should consider the investment objectives, risk, charges, and expenses carefully before investing. For a prospectus or summary prospectus with this and other information about the T-REX ETFs please call 1-844-802-4004 or visit our website at Read the prospectus and summary prospectus carefully before investing. There is no guarantee that the Funds will achieve their investment objectives. Investing involves risk, including possible loss of principal. Important Risks Investing in a REX Shares ETF may be more volatile than investing in broadly diversified funds. The use of leverage by a Fund increases the risk to the Fund. The REX Shares ETFs are not suitable for all investors and should be utilized only by sophisticated investors who understand leverage risk, consequences of seeking daily leveraged, or daily inverse leveraged, investment results and intend to actively monitor and manage their investment. An investment in the Fund entails risk. The Fund may not achieve its leveraged investment objective and there is a risk that you could lose all of your money invested in the Fund. The Fund is not a complete investment program. In addition, the Fund presents risks not traditionally associated with other mutual funds and ETFs. It is important that investors closely review all of the risks listed below and understand them before making an investment in the Fund. Leverage Risk. The Funds obtain investment exposure in excess of its net assets by utilizing leverage and may lose more money in market conditions that are adverse to its investment objective than a fund that does not utilize leverage. An investment in these Funds is exposed to the risk that a decline in the daily performance of the underlying stock will be magnified. This means that an investment in the Fund will be reduced by an amount equal to 2% for every 1% daily decline in the underlying, not including the costs of financing leverage and other operating expenses, which would further reduce its value. Distributor: Foreside Fund Services, LLC, member FINRA, not affiliated with REX Shares or the Funds' investment advisor.
Business Wire
25-07-2025
- Business
- Business Wire
REX Shares Launches Two New T-REX 2X Single-Stock ETFs on CRWV and SMR
NEW YORK--(BUSINESS WIRE)--REX Shares is pleased to announce the launch of two new leveraged ETFs: the T-REX 2X Long SMR Daily Target ETF (CBOE: SMUP) and the T-REX 2X Long CRWV Daily Target ETF (CBOE: CRWU). These ETFs offer traders 2x daily exposure to: NuScale Power Corporation (SMR) — a pioneer in small modular nuclear reactor technology CoreWeave (CRWV) — a key player in the AI and GPU cloud infrastructure space The launch of SMUP and CRWU expands REX's growing suite of T-REX ETFs, designed for active investors looking to express high-conviction, short-term views on companies shaping the future of energy and AI infrastructure. Both funds are now listed and trading on the CBOE. Each fund is designed to deliver 200% of the daily performance of its respective underlying stock: CoreWeave (CRWV) and NuScale Power (SMR). 'With the launch of these ETFs, we're offering traders a way to take amplified views on companies at the center of AI infrastructure and nuclear energy innovation,' said Scott Acheychek, COO of REX. 'This expansion of the T-REX lineup underscores our commitment to building precision tools for active traders.' Matt Tuttle, CEO of Tuttle Capital Management, added, 'We continue to see strong demand from traders seeking tactical exposure to individual names. These 2x ETFs allow them to express their convictions with precision and speed, across multiple sectors driving the modern economy.' These launches expand the T-REX ETF suite, which now includes over 20 leveraged and inverse single-stock ETFs providing 2x and -2x exposure to names like Tesla, NVIDIA, Strategy, Coinbase, and spot crypto with Bitcoin and Ether. For full fund information, holdings, and risk disclosures, visit About REX REX is an innovative provider of exchange-traded products specializing in alternative-strategy ETFs and ETNs, with over $7 billion in assets under management. REX is renowned for its MicroSectors™ and T-REX product lines and recently introduced a series of option-based income strategies. For more information, visit About Tuttle Capital Management Tuttle Capital Management is a leader in thematic and actively managed ETFs, leveraging an agile investment approach to align with market trends. For details, visit Investors should consider the investment objectives, risk, charges, and expenses carefully before investing. For a prospectus or summary prospectus with this and other information about the T-REX ETFs please call 1-844-802-4004 or visit our website at Read the prospectus and summary prospectus carefully before investing. There is no guarantee that the Funds will achieve their investment objectives. Investing involves risk, including possible loss of principal. Important Risks Investing in a REX Shares ETF may be more volatile than investing in broadly diversified funds. The use of leverage by a Fund increases the risk to the Fund. The REX Shares ETFs are not suitable for all investors and should be utilized only by sophisticated investors who understand leverage risk, consequences of seeking daily leveraged, or daily inverse leveraged, investment results and intend to actively monitor and manage their investment. An investment in the Fund entails risk. The Fund may not achieve its leveraged investment objective and there is a risk that you could lose all of your money invested in the Fund. The Fund is not a complete investment program. In addition, the Fund presents risks not traditionally associated with other mutual funds and ETFs. It is important that investors closely review all of the risks listed below and understand them before making an investment in the Fund. Distributor: Foreside Fund Services, LLC, member FINRA, not affiliated with REX Shares or the Funds' investment advisor.
CNA
28-05-2025
- Business
- CNA
REX Financial launches covered call Nvidia ETF hours before earnings release
REX Financial launched a single-stock exchange-traded fund tied to Nvidia, the powerhouse chipmaker that has dominated stock market returns over the last two years, on Wednesday morning, hours ahead of the release of Nvidia's earnings. The new fund, the REX NVDA Growth & Income ETF is a form of covered call ETF that uses option strategies to generate income while at the same time giving investors exposure to a portion of the upside in Nvidia's stock price, REX said. "We think it will allow people to have their cake and eat it, too," said Scott Acheychek, REX's chief operating officer. "They can stick with the stock that they follow and know and like, but with a risk profile that they're comfortable with and some weekly income" from the sale of options on Nvidia, he said. These single-stock option-based ETFs made their debut in late 2023, and now have about $10 billion in total assets. Overall interest in single-stock ETFs, a broader category that includes 1.5x or 2x leveraged products, continues to grow, said Bryan Armour, ETF analyst at Morningstar. "They're all aimed at self-directed individual investors," Armour said. While an ETF with this kind of structure likely would outperform the underlying stock if that stock is flat to lower, Armour said it makes more sense for investors either to buy individual stocks outright or to turn to options-based ETF strategies that are tied to broader portfolios. "A product like this is not trying to maximize either growth or income." Acheychek said this new approach to covered call single-stock ETFs is aimed at investors who increasingly are looking for alternative income-generating products. Nvidia shares closed at $134.81 a share, down 0.5 per cent, in exchange trading on Wednesday, ahead of the AI chipmaker's earnings announcement.
Reuters
28-05-2025
- Business
- Reuters
REX Financial launches covered call Nvidia ETF hours before earnings release
May 28 (Reuters) - REX Financial launched a single-stock exchange-traded fund tied to Nvidia (NVDA.O), opens new tab, the powerhouse chipmaker that has dominated stock market returns over the last two years, on Wednesday morning, hours ahead of the release of Nvidia's earnings. The new fund, the REX NVDA Growth & Income ETF is a form of covered call ETF that uses option strategies to generate income while at the same time giving investors exposure to a portion of the upside in Nvidia's stock price, REX said. "We think it will allow people to have their cake and eat it, too," said Scott Acheychek, REX's chief operating officer. "They can stick with the stock that they follow and know and like, but with a risk profile that they're comfortable with and some weekly income" from the sale of options on Nvidia, he said. These single-stock option-based ETFs made their debut in late 2023, and now have about $10 billion in total assets. Overall interest in single-stock ETFs, a broader category that includes 1.5x or 2x leveraged products, continues to grow, said Bryan Armour, ETF analyst at Morningstar. "They're all aimed at self-directed individual investors," Armour said. While an ETF with this kind of structure likely would outperform the underlying stock if that stock is flat to lower, Armour said it makes more sense for investors either to buy individual stocks outright or to turn to options-based ETF strategies that are tied to broader portfolios. "A product like this is not trying to maximize either growth or income." Acheychek said this new approach to covered call single-stock ETFs is aimed at investors who increasingly are looking for alternative income-generating products. Nvidia shares closed at $134.81 a share, down 0.5%, in exchange trading on Wednesday, ahead of the AI chipmaker's earnings announcement.
Business Wire
28-05-2025
- Business
- Business Wire
REX Financial Unveils the REX NVDA Growth & Income ETF, the First Fund in New Single Stock Covered Call ETF Suite
MIAMI--(BUSINESS WIRE)--REX Financial ('REX'), a leader in innovative exchange-traded products, today announces the launch of a new single stock covered call suite with the REX NVDA Growth & Income ETF (CBOE: NVII). NVII seeks to provide balance between growth and income by offering between 1.05x and 1.50x targeted exposure to NVIDIA Corporation (NVDA) and aiming to provide weekly income by selling options on half of the targeted portfolio. "The launch of NVII marks the beginning of an exciting new series of single stock based income strategies at REX," said Scott Acheychek, COO of REX Financial. "With NVDA leading the AI and semiconductor revolution, NVII offers investors a unique way to generate weekly income while maintaining uncapped exposure on half of the portfolio to one of the most transformative growth stories in the market." The launch of NVII also marks the debut of REX's Growth & Income Covered Call ETF Suite, building on the success of REX's index based covered call strategies, including the REX FANG & Innovation Equity Premium Income ETF (NASDAQ: FEPI), the REX AI Equity Premium Income ETF (NASDAQ: AIPI), and the REX Crypto Equity Premium Income ETF (NASDAQ: CEPI). *The Fund targets 1.25x daily exposure to NVDA; however, in accordance with its investment objective, actual leverage may range between 1.05x and 1.50x. For more information on the REX NVDA Growth & Income ETF and the Growth & Income Covered Call ETF suite, please visit About REX REX is an innovative provider of exchange-traded products specializing in alternative-strategy ETFs and ETNs, with over $6 billion in assets under management. REX is renowned for its MicroSectors™ and T-REX product lines and recently introduced a series of option-based income strategies. For more information, visit Important Risks Investing in a REX ETF may be more volatile than investing in broadly diversified funds. The use of leverage by a Fund increases the risk to the Fund. The REX ETFs are not suitable for all investors and should be utilized only by sophisticated investors who understand leverage risk, consequences of seeking daily leverage, and investment results and intend to actively monitor and manage their investment. An investment in the Fund entails risk. The Fund may not achieve its leveraged investment objective and there is a risk that you could lose all of your money invested in the Fund. In addition, the Fund presents risks not traditionally associated with other mutual funds and ETFs. It is important that investors closely review all of the risks listed below and understand them before making an investment in the Fund. Investors should consider the investment objectives, risk, charges, and expenses carefully before investing. For a prospectus or summary prospectus with this and other information about the REX ETFs please call 1-844-802-4004 or visit our website at Read the prospectus and summary prospectus carefully before investing. REX Growth & Income ETFs Risks. When the Fund invests in fixed income securities, the value of your investment in the Fund will fluctuate with changes in interest rates. Typically, a rise in interest rates causes a decline in the value of fixed income securities owned by the Fund. Effects of Compounding and Market Volatility Risk. While the Fund's primary investment objective is to pay weekly distributions, the Fund's secondary investment objective is to seek daily investment results, before fees and expenses, between 105% and 150% the daily percentage change of the common stock of NVDA. Therefore, the performance of the Fund for periods longer than a single day will very likely differ in amount, and possibly even direction, from the targeted daily leveraged return of NVDA for the same period. Leverage Risk. The Fund seeks to achieve and maintain the exposure to the price of various securities by utilizing leverage. Therefore, the Fund is subject to leverage risk. Derivatives Risk. Investing in derivatives may be considered aggressive and may expose the Fund to greater risks, and may result in larger losses or smaller gains, than investing directly in the reference assets underlying those derivatives, which may prevent the Fund from achieving its investment objective. Indirect Investment Risk. Nvidia Corporation. is not affiliated with the Trust, the Adviser, or any of their affiliates, and are not involved with this offering in any way. They have no obligation to consider the Funds when taking any corporate actions that might affect the value of the Funds. Non-Diversification Risk. The Fund is classified as 'non-diversified' under the Investment Company Act of 1940, as amended. This means it has the ability to invest a relatively high percentage of its assets in the securities of a small number of issuers or in financial instruments with a single counterparty or a few counterparties. New Fund Risk. As of the date of this prospectus, the Fund has no operating history and currently has fewer assets than larger funds. Like other new funds, large inflows and outflows may impact the Fund's market exposure for limited periods of time. Underlying Security Investing Risk. Issuer-specific attributes may cause an investment held by the Fund to be more volatile than the market generally. The value of an individual security or particular type of security may be more volatile than the market as a whole and may perform differently from the value of the market as a whole. The Funds' investment adviser will not attempt to position the portfolio to ensure that a Fund does not gain or lose more than a maximum percentage of its net asset value on a given trading day. As a consequence, if a Fund's underlying security moves more than 75%, as applicable, on a given trading day in a direction adverse to the Fund, the Fund's investors would lose all of their money.
