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Launched

T-REX 2X Long MSTR Daily Target ETF

MSTUCboeCThis fund multiplies its index's move each day and resets that multiple daily. Because daily returns compound, its long-run return can differ from the headline multiple.

$38.54−0.22 (−0.57%)

At close: Oct 13, 2026, 4:00 PM

C45/ 100

Rank 107 of 380 in Single-Stock Long Leveraged

C45/100Rank 107 of 380inSingle-Stock Long Leveraged
Intraday session: down, 79 prints from 38.76 to 38.54. Range 38.17 to 40.59. Use the arrow keys to read each point.39.5040.0040.5010 AM12 PM2 PM4 PM
Expense ratio
1.05%
Fund size
$815M
1Y total return
−90.4%
Yield · Last 12 months
Data unavailable
Holdings
5
Avg volume · 30D
8.3M sh
NAV per share
$39.77
52W range
low $14.60high $433.00
Launched

The ETF.net MSTU Grade

Based on 5 of 6 pillars

C

Score 45 out of 100

Category
Single-Stock Long Leveraged⁠
Rank
107 of 380
Six-pillar profile for MSTU. Scores out of 100: Cost 43, Risk 24, Mission 78, Tradability 61, Holdings not scored, Durability 80. Strongest: Durability (80). Weakest: Risk (24). Based on 5 of 6 pillars.

Score 45 of 100 falls in the C band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.

  • Cost

    The fund’s net expense ratio, ranked against its category.
    C43 out of 100
    Rank 213 of 380

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    A78 out of 100
    Rank 128 of 148

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    F24 out of 100
    Rank 316 of 363

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    B61 out of 100
    Rank 115 of 380

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    Not scored

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    A80 out of 100
    Rank 20 of 380

Our read on MSTU

ETF.net Research

CTwo times MicroStrategy's daily move, reset every morning. MSTU is the liquid, lower-fee way to run that trade: less than half the fee of its 2X MSTR rival, and one of the busiest tickers in the leveraged single-stock aisle.

Stated mandate

MSTU seeks daily investment results, before fees and expenses, equal to 200% of the performance of MicroStrategy Inc.'s publicly traded common stock. It is designed for a holding period of one trading day, not for tracking the multiple over longer periods.

Why people hold it

  1. 01At 1.05% a year, it charges under half what rival 2X MSTR fund MSTP does (2.30%), and lands right around the median for leveraged single-stock funds.
  2. 02Among the most actively traded funds in the leveraged single-stock group, which matters when the intended holding period is one day and spreads eat the edge.
  3. 03The mandate is blunt: 200% of MSTR's daily move, before fees, inside a 1940 Act fund. One lever, no index to second-guess, no overlay.rexshares.com
  4. 04A several-hundred-million-dollar fund that sits in the upper half of a crowded field of leveraged single-stock bull products.

Worth knowing

  1. 01The 2x is a daily target that resets each morning. Held through a choppy stretch, results can drift well away from twice MSTR's move, in either direction.
  2. 02One stock, doubled. No diversification cushion, and MSTR is a hard mover on its own, so drawdowns can arrive fast and deep.
  3. 03Launched in 2024, so its record covers a short, unusually wild window for MSTR rather than a full market cycle. It also pays no distributions.

MSTU Holdings

As of Oct 12, 2026
Asset class
Stocks
Holdings
5
Top-10 weight
312%
Largest holding
Recv Strg Trs Mstr Eq123.6%

Sectors

  • Technology100.0%

Geography

  • United States100.00%
The fund’s holdings, weight-ordered — page 1 of 1.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001—Recv Strg Trs Mstr Eq123.61%5,686,657$878M1
002—Cash and Cash Equivalents82.97%589,087,467$589M124
003—Recv Mstu Trs Mstr Us Eq73.21%3,367,858$520M1
004—Recv Mstu Trs Mstr Eq31.74%1,460,316$225M1
005TLDRThe Laddered T-Bill Etf<0.01%100$3K5

Showing 1–5 of 5 holdings

MSTU Performance

Launched Sep 18, 2024

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

Not enough history yet.Not enough history yet.Not enough history yet.
MSTU$961
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$12,044
Oct 10, 2025 to Oct 12, 2026. MSTU $961. SPY $12,044. Use the arrow keys to read each point.$-575$6,210$12,995Oct 2025Apr 2026Oct 2026

Oct 10, 2025 – Oct 12, 2026

Returns run to the Oct 12, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for MSTU. Periods over one year show the average yearly return.
PeriodMSTU
Year to date−52.9%
1 month+27.5%
3 months+108.1%
1 year−90.4%
3 yearsFund is under 3 years oldper year—
5 yearsFund is under 5 years oldper year—
10 yearsFund is under 10 years oldper year—

As of the close, with distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for MSTU
YearReturn barMSTU
2026 YTD−52.9%
2025−89.1%
2024−70.2%

Since listing, Sep 18, 2024

MSTU in the news

Filtered to MSTU · Single-Stock Long Leveraged

MSTU Dividends

Last payment
$0.29 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Irregular

Distribution data unavailable.

Distribution history

2026

One bar per payment. 1 payment in 2026 YTD. Aug 25, 2026 $0.29. Use the arrow keys to read each point.2026YTD
Ex-datePay dateAmount per share
Aug 25, 2026Aug 26, 2026$0.29

MSTU Risk

This fund targets a multiple of the daily move of its index and resets daily. Hold it longer than one reset and compounding makes the return diverge from that target. In choppy markets it can lose value even when the index ends flat.

How much the fund’s monthly returns vary, scaled to a year.
159.6%
Annualised · 24 months to Sep 2026
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
−0.46
vs 3-month T-bills · 24 months to Sep 2026
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
−99.9%
24 months · trough Jun 2026
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
4.62
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

MSTU Cost

Expense ratio1.05%
  • The middle half of Single-Stock Long Leveraged funds
  • Median 0.98%

212 of the 333 Single-Stock Long Leveraged funds charge less.

MSTU costs $105.00 a year on $10,000. The median Single-Stock Long Leveraged fund costs $98.00.

Other funds in Single-Stock Long Leveraged

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