Trump-Media ETF With Double Leverage Is Coming for Day Traders

An exchange-traded fund offering double the returns of the volatile Trump Media & Technology Group Corp. is set to start trading as early as next week, in the first such product riding the social-media company.

The T-Rex 2X Long DJT Daily Target ETF, which uses derivatives to deliver two times the daily performance of the stock, is slated for its Wall Street launch under the ticker DJTU, according to Matt Tuttle, who filed for the product. The ETF would carry a 1.05% expense ratio.

The loss-making firm, which trades under Trump’s initials, has been on an unpredictable ride ...