REX Shares announced the launch of the T-REX 2X Long DKNG Daily Target ETF (CBOE: DKUP), providing investors with amplified exposure to DraftKings Inc. stock. This new ETF is designed to deliver 200% of the daily performance of DraftKings, allowing traders to take leveraged views on the company.
The introduction of DKUP expands the T-REX ETF suite, which includes over 20 leveraged and inverse single-stock ETFs. This product caters to high-conviction traders seeking tactical exposure to individual names in the modern economy, including the sports betting sector.
While this is a third-party product and not a direct action by DraftKings, its launch reflects significant market interest in the company's stock. It provides investors with a new, amplified way to express their convictions about DraftKings' future performance, potentially increasing trading activity and liquidity for DKNG shares.
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