Symbols

NVOX

·ARCA

--(--)

Key Stats

Assets Under Management

90.19MUSD

Fund Flows (1Y)

64.22MUSD

Dividend Yield

Discount/Premium to NAV

0.23%

Shares Outstanding

4.57M

Expense Ratio

1.29%

About Defiance Daily Target 2X Long NVO ETF

Issuer

Tidal Investments LLC

Brand

Defiance

Home Page

https://www.defianceetfs.com/nvox/

Inception Date

Dec 2, 2024

Structure

Open-Ended Fund

Index Tracked

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

	1-Month	3-Month	YTD	1-Year	3-Year	5-Year
Price Performance	+20.30%	-41.56%	-79.87%	-80.40%	-88.15%	-88.15%
NAV Total Return	-3.21%	-24.94%	-78.66%	-87.69%	-0.64%	-0.64%

No data is currently available

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