ETF-Volatility Race Heats Up on 200% Leveraged MicroStrategy Bet

An ETF that just last month was dubbed the most volatile to ever hit Wall Street has already been upstaged, after the debut of a competing product that adds even more leverage.

The T-REX 2X Long MSTR Daily Target ETF (ticker MSTU) began trading Wednesday, promising to provide two times the daily performance of MicroStrategy Inc. shares, or 200% leverage in industry parlance. The fund, issued by REX Shares and Tuttle Capital Management, gives even more leverage on MicroStrategy than the ETF known as MSTX. The latter, from Defiance, launched in mid-August and was deemed the most volatile ...