Key stats
About Tidal Trust II Defiance Daily Target 2X Long NVO ETF
Home page
Inception date
Dec 3, 2024
Structure
Open-Ended Fund
Replication method
Synthetic
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
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Cash
Stocks6.51%
Health Technology6.51%
Bonds, Cash & Other93.49%
Cash85.07%
Mutual fund8.42%
Stock breakdown by region
Europe100.00%
North America0.00%
Latin America0.00%
Asia0.00%
Africa0.00%
Middle East0.00%
Oceania0.00%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
NVOX assets under management is 6.30 M USD. It's fallen 12.61% over the last month.
NVOX fund flows account for 7.28 M USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
No, NVOX doesn't pay dividends to its holders.
NVOX shares are issued by Toroso Investments Topco LLC under the brand Defiance. The ETF was launched on Dec 3, 2024, and its management style is Active.
NVOX expense ratio is 1.29% meaning you'd have to pay 1.29% of your investment to help manage the fund.
NVOX follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
NVOX invests in cash.
NVOX price has risen by 13.22% over the last month, and its yearly performance shows a −63.33% decrease. See more dynamics on NVOX price chart.
NAV returns, another gauge of an ETF dynamics, showed a −36.09% decrease in three-month performance and has decreased by −38.40% in a year.
NAV returns, another gauge of an ETF dynamics, showed a −36.09% decrease in three-month performance and has decreased by −38.40% in a year.
NVOX trades at a premium (0.07%) meaning the ETF is trading at a higher price than the calculated NAV.