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Defiance Daily Target 2X Long CVNA ETF (CVNX)

Trading--Leveraged Equity | Exchange Traded Fund | NasdaqGM
19.50 USD -0.13 (-0.662%) ⇩ (April 21, 2026, 11:48 a.m. EDT)

Short-term: ★★★★★ | Long-term: ★★★☆☆ | Dividends: ☆☆☆☆☆
Hot Take | April 19, 2026, 12:09 a.m. EDT

Exceptional short-term momentum with nearly 73% upside from recent lows driven by the underlying CVNA's inclusion in the S&P 500, but indefinite long-term hold is impossible due to the 2X daily leverage reset mechanism and synthetic tracking error.

Model Selection — Backtest MAE (log-scale, lower is better)
ModelMAE
MSTL ✓0.774915
AutoETS0.787238
AutoARIMA0.787534
AutoTheta0.808087

Forecast horizon: 45 days | Selected: MSTL

Forecast Reliability
Score 56%
H-stat 2.55
Ljung-Box p 0.000
Jarque-Bera p 0.126
Excess Kurtosis -0.53

Info Dump

Attribute Value
All Time High 34.99
All Time Low 9.275
Ask 24.93
Ask Size 2
Average Daily Volume10 Day 58,720
Average Daily Volume3 Month 98,044
Average Volume 98,044
Average Volume10Days 58,720
Beta3 Year 0.0
Bid 14.52
Bid Size 2
Category Trading--Leveraged Equity
Crypto Tradeable 0
Currency USD
Custom Price Alert Confidence HIGH
Day High 20.655
Day Low 19.34
Esg Populated 0
Exchange NGM
Exchange Data Delayed By 0
Exchange Timezone Name America/New_York
Exchange Timezone Short Name EDT
Fifty Day Average 14.3087
Fifty Day Average Change 5.1913004
Fifty Day Average Change Percent 0.36280727
Fifty Two Week Change Percent -1.6547143
Fifty Two Week High 34.99
Fifty Two Week High Change -15.490002
Fifty Two Week High Change Percent -0.44269794
Fifty Two Week Low 9.275
Fifty Two Week Low Change 10.225
Fifty Two Week Low Change Percent 1.1024259
Fifty Two Week Range 9.275 - 34.99
First Trade Date Milliseconds 1,748,525,400,000
Full Exchange Name NasdaqGM
Fund Family Defiance ETFs LLC
Fund Inception Date 1,748,390,400
Gmt Off Set Milliseconds -14,400,000
Has Pre Post Market Data 1
Language en-US
Legal Type Exchange Traded Fund
Long Business Summary The fund is an actively managed exchange traded fund (“ETF”) that attempts to achieve two times (200%) the daily percentage change in the share price of the underlying security by employing derivatives, namely swap agreements and/or listed options contracts. The fund is non-diversified.
Long Name Defiance Daily Target 2X Long CVNA ETF
Market us_market
Market State REGULAR
Max Age 86,400
Message Board Id finmb_1916074833
Nav Price 19.6633
Net Assets 4,135,796.0
Net Expense Ratio 1.29
Open 19.83
Previous Close 19.63
Price Hint 2
Quote Source Name Nasdaq Real Time Price
Quote Type ETF
Region US
Regular Market Change -0.12999916
Regular Market Change Percent -0.6622474
Regular Market Day High 20.655
Regular Market Day Low 19.34
Regular Market Day Range 19.34 - 20.655
Regular Market Open 19.83
Regular Market Previous Close 19.63
Regular Market Price 19.5
Regular Market Time 1,776,786,492
Regular Market Volume 20,625
Short Name Defiance Daily Target 2X Long C
Source Interval 15
Symbol CVNX
Total Assets 4,135,796
Tradeable 0
Trailing Annual Dividend Rate 0.0
Trailing Annual Dividend Yield 0.0
Trailing Peg Ratio None
Trailing Three Month Nav Returns -52.67979
Trailing Three Month Returns -52.67979
Triggerable 1
Two Hundred Day Average 21.03329
Two Hundred Day Average Change -1.5332909
Two Hundred Day Average Change Percent -0.07289828
Type Disp ETF
Volume 20,625
Ytd Return -52.67979