MSTU Down 95% in a Year, How a 2x Daily Fund Lost Nearly Everything While Its Underlying Fell 67%

A $10,000 stake in the T-REX 2X Long MSTR Daily Target ETF (NASDAQ:MSTU) bought at Thursday’s close was worth about $8,633 at Friday’s bell, a roughly 14% single-session drawdown from $3.95 to $3.41. The fund’s mirror product traveled the same path. The underlying, Strategy (NASDAQ:MSTR), the company formerly known as MicroStrategy, fell about 7% from ... MSTU Down 95% in a Year, How a 2x Daily Fund Lost Nearly Everything While Its Underlying Fell 67%