(SNOU) T-Rex 2X Long SNOW Daily - NYSE
ETF Category: Trading--Leveraged Equity | Exchange: NYSE (USA) | Market Cap: 30m USD | Total Return: -18% in 12m
Avg Turnover: 7.53M
Warnings
No concerns identified
Tailwinds
Idiosyncratic Leader
The T-Rex 2X Long SNOW Daily Target ETF (SNOU) is a leveraged exchange-traded fund designed to provide 200% of the daily price performance of Snowflake Inc. (SNOW). The fund maintains at least 80% of its net assets in financial instruments, such as swap agreements, to achieve this magnification of daily returns. As a non-diversified, micro-cap vehicle, it is intended for short-term trading rather than long-term investment, as daily rebalancing can lead to performance decay over extended periods.
Snowflake operates within the cloud data warehousing sector, utilizing a consumption-based business model where customers pay based on the volume of data stored and processed. This architecture allows enterprises to decouple storage from compute resources, enabling scalable data analytics across multiple cloud providers. Investors can evaluate the sustainability of this model by reviewing detailed performance metrics on ValueRay.
- Snowflake product revenue growth and consumption-based billing trends
- Enterprise AI adoption and Data Cloud platform migration velocity
- Leveraged 2x daily exposure amplifies underlying equity price volatility
- Competitive pressure from Databricks and hyperscale cloud data warehouses
As of June 12, 2026, the stock is trading at USD 37.23 with a total of 106,628 shares traded.
Over the past week, the price has changed by -3.65%,
over one month by +126.32%,
over three months by +46.69% and
over the past year by -18.04%.
T-Rex 2X Long SNOW Daily has no consensus analysts rating.