PENUT-REX 2X LONG PENG DAILY TARGET ETF
Seeks daily investment results of 200% of the daily performance of PENG.
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What's inside
How Beacon categorizes this fundAsset class
EquityStrategy
Leveraged
Listing
- Exchange
- Cboe BZX
Full fund details
- Objective
- Seeks daily investment results of 200% of the daily performance of PENG.
- Strategy
- Invests at least 80% of net assets in financial instruments designed to provide 200% exposure to PENG's daily price performance. The Fund may use call options and swap agreements to achieve this leverage, focusing on the technology sector.
Similar funds
Same asset class, closest by strategy & exposureOur take
Structural notes on how this fund behaves. Read our guide on the 6 warning signs.
Most of these lose money
These funds amplify one stock's daily move, then reset every day. More than half of them have lost money outright, and the daily reset plus financing costs drag roughly 9.5% a year off the return. The longer you hold, the more that compounding works against you.
Sources: Bessembinder, 'Leveraged Single-Stock ETFs' (SSRN 2025)
Educational analysis of structural product characteristics. Not investment advice. Always read the fund prospectus and consult a qualified advisor before investing. More
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Data updated on 2026-08-15