X2 overnight interest
$T-REX 2X LONG NVIDIA DAILY TARGET ETF (NVDX.US)$ Can I ask everyone, I bought this stock last night, and I heard that there is interest on leverage. How is it calculated? Will it be high? Or is there a place to check?
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NoGreedy : This is not financing, this is leveraged etf, there is no interest.
oneallai OP NoGreedy : Hello, I would like to ask if the meaning of interest refers to daily management fees?
NoGreedy oneallai OP : Short answer: yes
Long answer: Short-term holding does not feel, if held for a long time, there will be loss which you will notice that your funds will decrease because the management fee will be deducted bit by bit from the net value of the ETF every day.
oneallai OP NoGreedy : Understood. Thank you for your response