MSTZ

The T-REX 2X Inverse MSTR Daily Target ETF (MSTZ) is an exchange-traded fund designed to deliver approximately two times the inverse daily performance of MicroStrategy Incorporated (MSTR), now operating under the Strategy brand. The ETF is managed by T-Rex ETFs and trades under the ticker MSTZ on the Nasdaq.

Classified as a leveraged inverse single-stock ETF, the fund uses derivatives to seek investment results that correspond to approximately -200% of the daily performance of MicroStrategy shares. The strategy is intended for investors seeking tactical exposure to declines in the stock without directly engaging in short-selling transactions.

The ETF follows an active management approach and rebalances its exposure daily to maintain its inverse leveraged objective. As a result, returns over periods longer than a single trading day may differ significantly from the inverse cumulative performance of the underlying stock.

Diversification and sector exposure

MSTZ provides exposure primarily associated with:

• MicroStrategy (Strategy).

• Inverse investment strategies.

• Leveraged ETFs.

• Financial derivatives.

• Enterprise software.

• Bitcoin.

• Technology.

• Short-term tactical trading.

The fund’s performance is directly linked to movements in MicroStrategy shares, a company widely recognized for its corporate Bitcoin acquisition strategy.

In addition to developments related to the company's software business, the ETF is indirectly influenced by cryptocurrency-market volatility, as MicroStrategy's stock has historically shown a strong relationship with Bitcoin price movements.

Structure and costs

MSTZ shares trade on the secondary market on the Nasdaq during regular trading hours. Share creation and redemption occur through authorized participants, a mechanism intended to help align the ETF’s market price with its net asset value (NAV).

To achieve its investment objective, the fund utilizes derivatives, including swap agreements and other financial instruments linked to MicroStrategy stock. The ETF charges a management fee as outlined in its prospectus and does not apply a performance fee.

History and evolution of the ETF

The T-REX 2X Inverse MSTR Daily Target ETF was launched in 2024 amid growing investor interest in single-stock ETFs offering leveraged or inverse exposure to widely followed companies.

Since inception, the fund has become part of a specialized ETF segment focused on tactical trading strategies and volatility-driven opportunities tied to individual stocks.

In recent years, MicroStrategy has attracted significant attention due to its large-scale Bitcoin accumulation strategy, which has increased the stock’s sensitivity to cryptocurrency-market movements and contributed to demand for products linked to its performance.

Additional Information

T-REX 2X Inverse MSTR Daily Target ETF (United States) is an exchange-traded fund (ETF), with assets under management totaling $82.28 million.

Over the past 12 months, T-REX 2X Inverse MSTR Daily Target ETF recorded a return of 277.30%, with its price trading between $3.12 and $27.92 during the same period.

The ETF is traded under the ticker MSTZ.