Defiance Daily Target 2X Long NVO ETF (NVOX) Dividend Yield, History & Forecast
Defiance Daily Target 2X Long NVO ETF (NVOX) is an exchange-traded fund (ETF) listed on the New York Stock Exchange Arca. market capitalization is approximately $53M.
Frequently Asked Questions about Defiance Daily Target 2X Long NVO ETF (NVOX)
What does Defiance Daily Target 2X Long NVO ETF invest in?▾
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...
