The Space Stock Race Is Back — And These Leveraged Redwire ETFs Are Spiking: What You Should Know - T-REX

Redwire Corporation (NYSE:RDW) has been on a remarkable surge, having gained about 165.5% over the past month. After reaching a new 52-week high of $24.92 on Wednesday.

This strong rally has driven remarkable gains in Redwire-heavy ETFs like T-REX 2X Long RDW Daily Target ETF (BATS:RDWU), Defiance Drone & Modern Warfare ETF (NYSE:JEDI), Moonvest ETF (NASDAQ:MNVT), State Street SPDR S&P Kensho Final Frontiers ETF (NYSE:ROKT).

Something went wrong.

T-REX 2X Long RDW Daily Target ETF

RDWU seeks two times (200%) the performance of the share price of RDW. It has amassed $41.9 million in assets under management (AUM) since its launch in late January and trades an average daily volume of 1.2 million shares. The ETF charges a steep 1.50% annual fee.