ASUP ETF Price & Analysis

T-REX 2X Long ASTS Daily Target ETF (ASUP) is a single-stock, double‑long leveraged exchange-traded fund designed to deliver approximately 200% of the daily price performance of AST SpaceMobile, Inc. (NASDAQ: ASTS) before fees and expenses. Positioned in the Communication Services sector within the Alternative Carriers niche, ASUP offers amplified exposure to AST SpaceMobile — a developer of space-based mobile broadband networks — making it a concentrated play on a single company that sits outside traditional terrestrial carriers. The fund obtains its targeted exposure through derivatives such as swap agreements and other financing instruments. Because ASUP targets twice the daily return, its performance is reset each trading day; compounding and path dependency mean multi‑day returns can diverge significantly from two times the cumulative return of ASTS. That characteristic, together with the fund’s concentrated single-stock focus, creates material volatility and risk amplification: while gains can be magnified in favorable short-term moves, losses are magnified equally and can occur rapidly. ASUP is intended primarily for experienced, active traders and tactical investors seeking short-term leveraged exposure to ASTS, or for use in hedging or speculative strategies. It is generally unsuitable as a long-term buy-and-hold vehicle. Prospective investors should be aware of derivative counterparty risk, financing and borrowing costs, tracking error, and the impact of fees and daily rebalancing on returns, and should carefully review the prospectus before trading.