REX Shares launched the T-REX 2X TE (TEUP) ETF to track T1 Energy Inc. (TE). This leveraged fund delivers double the daily performance of the underlying stock.
The launch follows significant stock price volatility and a dramatic price surge for T1 Energy throughout May. High trader interest in the solar energy provider drove the creation of this speculative instrument.
T1 Energy recently reported strong quarterly results. The company also secured a significant new investment. Additionally, the firm recently addressed a contentious short-seller report.