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Defiance Daily Target 2x Long NOK ETF (LNOK)

Trading--Leveraged Equity | Exchange Traded Fund | Cboe US
48.65 USD -7.01 (-12.594%) ⇩ (July 13, 2026, 3:59 p.m. EDT)

Short-term:★☆☆☆☆Long-term:★★⯪☆☆Dividends:☆☆☆☆☆
Hot Take | July 11, 2026, 4:16 a.m. EDT

This instrument is a newly launched leveraged ETF designed to provide 2x daily exposure to Nokia, meaning it has zero intrinsic business quality, no earnings, and no long-term growth trajectory of its own; it is purely a derivative vehicle subject to severe compounding decay and volatility drag. The recent price action confirms extreme instability, with the fund dropping nearly 30% over just two weeks as it struggled to track its underlying index amidst market turbulence. While the underlying technology company may be sound, this specific security offers no margin of safety and is unsuitable for any investment horizon beyond a single day of speculative trading.

Model Selection — Backtest MAE (log-scale, lower is better)
ModelMAE
AutoARIMA ✓0.253104
MSTL0.260577
AutoTheta0.264447
AutoETS0.442258

Forecast horizon: 45 days | Selected: AutoARIMA

Forecast Reliability
Score 34%
H-stat 0.70
Ljung-Box p 0.000
Jarque-Bera p 0.151
Excess Kurtosis -0.80

Info Dump

Attribute Value
All Time High 121.22
All Time Low 17.74
Ask 50.5
Ask Size 200
Average Daily Volume10 Day 235,250
Average Daily Volume3 Month 318,660
Average Volume 318,660
Average Volume10Days 235,250
Beta3 Year 0.0
Bid 50.5
Bid Size 100
Category Trading--Leveraged Equity
Crypto Tradeable 0
Currency USD
Custom Price Alert Confidence HIGH
Day High 53.94
Day Low 47.74
Esg Populated 0
Exchange BTS
Exchange Data Delayed By 0
Exchange Timezone Name America/New_York
Exchange Timezone Short Name EDT
Fifty Day Average 77.02338
Fifty Day Average Change -28.373375
Fifty Day Average Change Percent -0.36837354
Fifty Two Week Change Percent 141.5351
Fifty Two Week High 121.22
Fifty Two Week High Change -72.57
Fifty Two Week High Change Percent -0.59866357
Fifty Two Week Low 17.74
Fifty Two Week Low Change 30.910002
Fifty Two Week Low Change Percent 1.7423902
Fifty Two Week Range 17.74 - 121.22
First Trade Date Milliseconds 1,769,005,800,000
Full Exchange Name Cboe US
Fund Family Defiance ETFs LLC
Fund Inception Date 1,768,867,200
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. It aims to achieve this daily percentage change for a single day, and not for any other period. The fund is non-diversified.
Long Name Defiance Daily Target 2x Long NOK ETF
Market us_market
Market State PRE
Max Age 86,400
Message Board Id finmb_1975942096
Nav Price 55.8137
Net Assets 75,735,592.0
Net Expense Ratio 1.31
Open 53.88
Pre Market Change 1.5299988
Pre Market Change Percent 3.14491
Pre Market Price 50.18
Pre Market Time 1,784,028,243
Previous Close 55.66
Price Hint 2
Quote Source Name Delayed Quote
Quote Type ETF
Region US
Regular Market Change -7.01
Regular Market Change Percent -12.5943
Regular Market Day High 53.94
Regular Market Day Low 47.74
Regular Market Day Range 47.74 - 53.94
Regular Market Open 53.88
Regular Market Previous Close 55.66
Regular Market Price 48.65
Regular Market Time 1,783,972,797
Regular Market Volume 204,021
Short Name Defiance Daily Target 2X Long N
Source Interval 15
Symbol LNOK
Total Assets 75,735,592
Tradeable 0
Trailing Annual Dividend Rate 0.0
Trailing Annual Dividend Yield 0.0
Trailing Peg Ratio None
Trailing Three Month Nav Returns 121.75264
Trailing Three Month Returns 121.75264
Triggerable 1
Two Hundred Day Average 51.016907
Two Hundred Day Average Change -2.3669052
Two Hundred Day Average Change Percent -0.046394527
Type Disp ETF
Volume 204,021