NVOX
Defiance Daily Target 2X Long NVO ETF·ARCA
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Key Stats
Assets Under Management
49.48MUSD
Fund Flows (1Y)
10.74MUSD
Dividend Yield
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Discount/Premium to NAV
0.21%
Shares Outstanding
2.82M
Expense Ratio
1.29%
About Defiance Daily Target 2X Long NVO ETF
Issuer
Tidal Investments LLC
Brand
Defiance
Home Page
Inception Date
Dec 2, 2024
Structure
Open-Ended Fund
Index Tracked
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Management Style
Active
Dividend Treatment
Distributes
Distribution Tax Treatment
Ordinary income
Income Tax Type
Capital Gains
Max ST Capital Gains Rate
39.60%
Max LT Capital Gains Rate
20.00%
Primary Advisor
Tidal Investments LLC
Distributor
Foreside Fund Services LLC
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.
Classification
Asset Class
Equity
Category
Sector
Focus
Health Care
Niche
Pharmaceuticals
Strategy
Vanilla
Geography
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Weighting Scheme
Single Asset
Selection Criteria
Single asset
Returns
1-Month | 3-Month | YTD | 1-Year | 3-Year | 5-Year | |
|---|---|---|---|---|---|---|
Price Performance | -35.12% | -7.23% | -21.89% | -80.95% | -89.43% | -89.43% |
NAV Total Return | -44.81% | -23.92% | -36.59% | -84.23% | -0.64% | -0.64% |
Ratings
No data is currently available
Ainvest’s AI-powered ETF Scoring Algorithm, built to help retail investors make smarter, data-driven decisions. Leveraging deep learning, reinforcement learning, and large language models, the algorithm scores ETFs across five key dimensions: Fund Flow, Momentum, Safety, Fundamentals, and Performance. Each factor is weighted by its correlation to future returns, resulting in a single, actionable score. Backtested over five years with consistently strong predictive accuracy. Ainvest brings institutional-grade artificial intelligence to everyday investors—transforming complexity into clarity with every score.
Holdings Analysis
Sector
Healthcare
100.00%
Healthcare
100.00%
Asset
Region
100%
Category
Ratio
Europe
100.00%
Investment Style
No data is currently available
Top 10 Holdings
Symbol
Ratio
NOVO-NORDISK SWAP MS
69.19%
NOVO-NORDISK A/S-SPONS ADR NOMURA
26.21%
NOVO-NORDISK SWAP CLEARSTREET
24.88%
NOVO-NORDISK SWAP BMO-L
24.64%
NOVO-NORDISK SWAP MAREX
24.41%
NOVO-NORDISK INC SWAP CANTOR
23.08%
United States Treasury Bill 02/19/2026
14.47%
First American Government Obligations Fund 12/01/2031
13.58%
NOVO-NORDISK SWAP NBC-L
7.55%
Cash & Other
-128.19%
Top 10 Weight 99.82%
10 Total Holdings
Is SPY better than NVOX?
Dividends
No data is currently available
How Much Does NVOX Pay in Dividends?
Premium/Discount Chart
Assets Under Management
Should I buy NVOX?
Fund Flows
