ASUPT-REX 2X Long ASTS Daily Target ETF
Seeks daily investment results, before fees and expenses, of 200% of the daily performance of AST SpaceMobile, Inc. (ASTS) common stock.
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What's inside
Fund details
- Where to buy
- Cboe BZX
- Objective
- Seeks daily investment results, before fees and expenses, of 200% of the daily performance of AST SpaceMobile, Inc. (ASTS) common stock.
- Strategy
- 2X daily leveraged single-stock ETF providing 200% exposure to the daily price performance of AST SpaceMobile, Inc. (NASDAQ: ASTS) common stock. Invests at least 80% of net assets in swap agreements referencing ASTS, FLEX call options on ASTS, and direct ASTS common stock; rebalances daily. Not designed to track ASTS for periods longer than a single trading day.
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Our take
Structural notes on how this fund behaves. Read our guide on the 6 warning signs.
Leveraged single-stock ETF — documented structural drag
Single-stock leveraged ETFs magnify one stock's daily move. Research on these products (Bessembinder et al., 2024) finds 56% posted negative absolute returns over one year, with ~9.5% annual drag versus the underlying stock. Daily rebalancing plus financing costs work against the investor on any holding period longer than a few days.
Source: Bessembinder, Cooper, Zhang — 'Leveraged Single-Stock ETFs' (SSRN 2024)
Why we flagged this: strategy=leveraged + single_stock_wrapper
Educational analysis of structural product characteristics. Not investment advice. Always read the fund prospectus and consult a qualified advisor before investing. More
Next steps
Data updated on 2026-05-26