T-REX 2X Long SPCX Daily Target ETF (SPAX) is an exchange-traded fund in the Trading Leveraged Equity category. It has $42.39M in assets and an expense ratio of 1.50%. The fund, under normal circumstances, invests at least 80% of its net assets (plus any borrowings for investment purposes) in financial instruments that are designed to provide, in the aggregate, 200% exposure to the price performance of SpaceX on a daily basis. The fund manager will attempt to achieve its investment objective without regard to overall market movement or the increase or decrease of the value of SpaceX. It is non-diversified.