TrueShares Structured Outcome (November) ETF (NOVZ)Defined Outcome | Exchange Traded Fund | Cboe US
47.83 USD
-0.03
(-0.063%) ⇩
(Oct. 14, 2026, 1:52 p.m.
EDT)
|
Hot Take ↕ | Oct. 10, 2026, 9:45 a.m. EDT
The November ETF presents a classic tactical dilemma where a robust long-term growth story clashes with immediate structural constraints. Over the past four years, the asset has delivered a +40.74% cumulative return, driven by three consecutive years of positive annual gains, indicating a fundamentally sound business trajectory that the market has rewarded handsomely. However, the short-term outlook is muted by the instrument's specific design: as a structured outcome product expiring in November, it faces inherent volatility compression and potential liquidity thinning as the expiration date approaches, capping near-term explosive potential despite the underlying trend. The recent price action reflects this equilibrium, trading flat against its 50-day moving average with negligible momentum, suggesting neither a breakout nor a breakdown is imminent. On the income side, the dividend profile is the standout feature, having grown significantly from roughly $0.17 to $1.57 per share over the last five years, offering a yield that currently sits around 3.3%. This provides a compelling floor for investors seeking capital appreciation with a tangible income cushion, even if the immediate price catalyst is limited by the fund's short duration. |
| Model | MAE |
|---|---|
| AutoTheta ✓ | 0.015158 |
| MSTL | 0.019063 |
| AutoETS | 0.019073 |
| AutoARIMA | 0.019074 |
Forecast horizon: 45 days | Selected: AutoTheta
| Forecast Reliability | |
|---|---|
| Score | 66% |
| H-stat | 0.62 |
| Ljung-Box p | 0.000 |
| Jarque-Bera p | 0.349 |
| Excess Kurtosis | -0.50 |
| Attribute | Value |
|---|---|
| Trailing P/E | 27.21 |
| Last Yield | 1yr Yield | 3yr Avg | 5yr Avg |
|---|---|---|---|
| 3.55% | 3.55% | 2.91% | — |
| Date | Dividend | Yield % |
|---|---|---|
| 2025-12-24 | 1.572 | 3.550055 |
| 2024-12-27 | 1.180 | 2.900974 |
| 2023-12-27 | 0.789 | 2.269459 |
| 2022-12-29 | 0.074 | 0.245594 |
| 2021-12-29 | 0.173 | 0.516541 |
| Attribute | Value |
|---|---|
| All Time High | 48.44 |
| All Time Low | 25.01 |
| Ask | 71.7 |
| Ask Size | 100 |
| Average Daily Volume10 Day | 2,250 |
| Average Daily Volume3 Month | 2,009 |
| Average Volume | 2,009 |
| Average Volume10Days | 2,250 |
| Beta3 Year | 0.77 |
| Bid | 23.9 |
| Bid Size | 1,100 |
| Category | Defined Outcome |
| Crypto Tradeable | 0 |
| Currency | USD |
| Custom Price Alert Confidence | HIGH |
| Day High | 47.8306 |
| Day Low | 47.74 |
| Display Name | TrueShares Structured ETF |
| Dividend Yield | 3.3 |
| Eps Trailing Twelve Months | 1.7578236 |
| Esg Populated | 0 |
| Exchange | BTS |
| Exchange Data Delayed By | 0 |
| Exchange Timezone Name | America/New_York |
| Exchange Timezone Short Name | EDT |
| Fifty Day Average | 47.8852 |
| Fifty Day Average Change | -0.054599762 |
| Fifty Day Average Change Percent | -0.0011402221 |
| Fifty Two Week Change Percent | 8.533263 |
| Fifty Two Week High | 48.44 |
| Fifty Two Week High Change | -0.6093979 |
| Fifty Two Week High Change Percent | -0.012580468 |
| Fifty Two Week Low | 41.567 |
| Fifty Two Week Low Change | 6.2635994 |
| Fifty Two Week Low Change Percent | 0.15068683 |
| Fifty Two Week Range | 41.567 - 48.44 |
| First Trade Date Milliseconds | 1,604,327,400,000 |
| Five Year Average Return | 0.1112346 |
| Full Exchange Name | Cboe US |
| Fullday Change | 0.0 |
| Fullday Change Percent | 0.0 |
| Fullday Price | 47.8306 |
| Fund Family | TrueShares |
| Fund Inception Date | 1,604,016,000 |
| 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 ETF that seeks to achieve its investment objective by investing substantially all of its assets in options on the S&P 500 Price Index. It will purchase call options and sell put options on the S&P 500 Price Index or an ETF that seeks to track the performance of the S&P 500 Price Index on each Initial Investment Day with an expiration on the next Roll Date. |
| Long Name | TrueShares Structured Outcome (November) ETF |
| Market | us_market |
| Market State | POST |
| Max Age | 86,400 |
| Message Board Id | finmb_666767494 |
| Nav Price | 48.2967 |
| Net Assets | 37,102,304.0 |
| Net Expense Ratio | 0.79 |
| Open | 47.93 |
| Previous Close | 47.8606 |
| Price Hint | 2 |
| Quote Source Name | Delayed Quote |
| Quote Type | ETF |
| Region | US |
| Regular Market Change | -0.03 |
| Regular Market Change Percent | -0.06268204 |
| Regular Market Day High | 47.8306 |
| Regular Market Day Low | 47.74 |
| Regular Market Day Range | 47.74 - 47.8306 |
| Regular Market Open | 47.93 |
| Regular Market Previous Close | 47.8606 |
| Regular Market Price | 47.8306 |
| Regular Market Time | 1,792,000,374 |
| Regular Market Volume | 738 |
| Short Name | TrueShares Structured Outcome ( |
| Source Interval | 15 |
| Symbol | NOVZ |
| Three Year Average Return | 0.16674119 |
| Total Assets | 37,102,304 |
| Tradeable | 0 |
| Trailing Annual Dividend Rate | 0.0 |
| Trailing Annual Dividend Yield | 0.0 |
| Trailing P E | 27.210125 |
| Trailing Peg Ratio | None |
| Trailing Three Month Nav Returns | 1.17818 |
| Trailing Three Month Returns | 1.17818 |
| Triggerable | 1 |
| Two Hundred Day Average | 45.846664 |
| Two Hundred Day Average Change | 1.9839363 |
| Two Hundred Day Average Change Percent | 0.043273296 |
| Type Disp | ETF |
| Volume | 738 |
| Yield | 0.033 |
| Ytd Return | 8.33504 |