Nvidia Isn't Alone: SanDisk, Pan American Silver Now Have 2X Leveraged ETFs

The single-stock leveraged ETF wave is showing no signs of slowing down as REX Shares and Tuttle Capital Management launch two new funds on Thursday, designed to give traders amplified exposure to companies tied to precious metals and data storage technology.

The T-REX 2X Long PAAS Daily Target ETF (BATS:PAAU) offers 200% daily exposure to Pan American Silver Corp. (NYSE:PAAS), while the T-REX 2X Long SNDK Daily Target ETF (BATS:SNDU) seeks to deliver twice the daily performance of SanDisk Corporation (NASDAQ:SNDK).

The new launches further expand the T-REX suite of single-stock leveraged ETFs from REX Shares and Tuttle Capital Management, which now includes more than 40 products.

The lineup features leveraged exposure to several high-profile companies, including funds tied to Robinhood Markets Inc (NASDAQ:HOOD), Nvidia Corp (NASDAQ:NVDA) and Tesla Inc (NASDAQ:TSLA).

Leveraged Bet On Precious Metals

PAAU allows traders to take an amplified position in one of the world's largest precious-metals producers.

Pan American operates mining and exploration projects across the Americas and produces both silver and gold, with operations spanning Canada, Mexico, Peru, Bolivia, Argentina, Chile and Brazil.

The launch comes at a time when precious-metals equities are attracting renewed attention as investors seek hedges against geopolitical uncertainty and volatile commodity markets.

By offering 2x exposure to PAAS's daily moves, PAAU gives short-term traders a tool to capitalize on swings in the silver-mining sector.

Tech Exposure Through Data Storage

Meanwhile, SNDU targets the fast-growing data-storage market through leveraged exposure to SanDisk.

The company develops NAND flash-based storage technologies used in consumer electronics, enterprise infrastructure and data-center systems—segments that continue to expand alongside artificial intelligence workloads and cloud computing.

The ETF aims to deliver twice the daily performance of SanDisk's stock, making it geared primarily toward tactical traders rather than long-term investors.

REX COO Scott Acheychek noted that the new funds expand the lineup across both the precious-metals sector and the technology powering modern data storage.

Tuttle Capital Management CEO Matt Tuttle added that single-stock ETFs continue gaining traction because they allow investors to act quickly on specific market views.

The launch underscores the rapid growth of leveraged single-stock ETFs as traders increasingly seek tools to magnify short-term moves in individual equities.

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