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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)

Short-term:★★⯪☆☆Long-term:★★⯪☆☆Dividends:★★★☆☆
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 Selection — Backtest MAE (log-scale, lower is better)
ModelMAE
AutoTheta ✓0.015158
MSTL0.019063
AutoETS0.019073
AutoARIMA0.019074

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

Dividend Data

Yield Summary
Last Yield 1yr Yield 3yr Avg 5yr Avg
3.55% 3.55% 2.91% —
Dividend History
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
Additional Data
trailingAnnualDividendRate 0.0
trailingAnnualDividendYield 0.0
dividendYield 3.3

Info Dump

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