
Defiance Daily Target 2X Long NVO ETF (NVOX) ETF Ticker
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About Defiance Daily Target 2X Long NVO ETF
NVOX uses swap agreements to make bullish bets on NOVO Nordisk A/S - ADR (NVO) share price. NVO designs and manufactures high-performance computer server solutions for data centers and cloud providers. The fund seeks to maintain daily leveraged exposure equivalent to 200% of the daily percentage change in NVO's share price through daily rebalancing. As a leveraged product, it is designed for short-term tactical use, not as a long-term investment vehicle. Returns may deviate from the expected 2x if held longer than a single day due to factors like volatility and compounding effects. This strategy is high-risk and does not incorporate a defensive position. NVOX fund could potentially lose value over time, even if NVO's performance is strong. It is expected to invest in US Government securities, money market funds, short-term bond ETFs, and corporate debt as collateral.
NVOX etf facts
| Ticker symbol | NVOX |
| Exchange | New York Stock Exchange Arca |
| Sector | Financial Services |
| Industry | Asset Management |
| Market cap | $28.0M |
| Headquarters | Miami, FL, US |
| IPO date | 2024-12-03 |
| Website | www.defianceetfs.com/nvox |
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What is the ticker symbol for Defiance Daily Target 2X Long NVO ETF?
The ticker symbol for Defiance Daily Target 2X Long NVO ETF is NVOX, listed on the New York Stock Exchange Arca.
What is NVOX?
NVOX uses swap agreements to make bullish bets on NOVO Nordisk A/S - ADR (NVO) share price. NVO designs and manufactures high-performance computer server solutions for data centers and cloud providers. The fund seeks to maintain daily leveraged exposure equivalent to 200% of the daily percentage change in NVO's share price through daily rebalancing. As a leveraged product, it is designed for…