TrueShares Structured Outcome (November) ETF (NOVZ)Defined Outcome | Exchange Traded Fund | Cboe US
44.92 USD
-0.21
(-0.463%) ⇩
(April 20, 2026, 12:10 p.m.
EDT)
|
Hot Take ↕ | April 18, 2026, 11:31 p.m. EDT
NOVZ is currently averaging up but faces significant structural caps on its investment thesis. The elevated 3.7% yield is primarily driven by a skipped massive dividend in 2022 rather than aggressive current payments, making the payout unsustainable at these levels. Structurally, as a TrueShares structured outcome ETF, its 'long-term' return is mathematically capped by embedded options, preventing true unlimited upside, while its 'short-term' momentum relies heavily on continued volatility premiums which are not visible in the low-volume, lackluster news environment. |
| Model | MAE |
|---|---|
| AutoTheta ✓ | 0.017446 |
| AutoARIMA | 0.024601 |
| AutoETS | 0.024950 |
| MSTL | 0.025720 |
Forecast horizon: 45 days | Selected: AutoTheta
| Forecast Reliability | |
|---|---|
| Score | 45% |
| H-stat | 8.82 |
| Ljung-Box p | 0.000 |
| Jarque-Bera p | 0.190 |
| Excess Kurtosis | -0.73 |
| Attribute | Value |
|---|---|
| Trailing P/E | 28.04 |
| Last Yield | 1yr Yield | 3yr Avg | 5yr Avg |
|---|---|---|---|
| 3.55% | 3.55% | 2.99% | — |
| Date | Dividend | Yield % |
|---|---|---|
| 2025-12-24 | 1.572 | 3.550055 |
| 2024-12-27 | 1.180 | 3.004212 |
| 2023-12-27 | 0.789 | 2.417773 |
| 2022-12-29 | 0.074 | 0.267588 |
| 2021-12-29 | 0.173 | 0.564198 |
| Attribute | Value |
|---|---|
| All Time High | 45.745 |
| All Time Low | 25.01 |
| Ask | 0.0 |
| Ask Size | 1,300 |
| Average Daily Volume10 Day | 300 |
| Average Daily Volume3 Month | 1,665 |
| Average Volume | 1,665 |
| Average Volume10Days | 300 |
| Beta3 Year | 0.78 |
| Bid | 22.56 |
| Bid Size | 1,100 |
| Category | Defined Outcome |
| Crypto Tradeable | 0 |
| Currency | USD |
| Custom Price Alert Confidence | HIGH |
| Day High | 45.14 |
| Day Low | 45.132 |
| Dividend Yield | 3.7 |
| Eps Trailing Twelve Months | 1.6019504 |
| Esg Populated | 0 |
| Exchange | BTS |
| Exchange Data Delayed By | 0 |
| Exchange Timezone Name | America/New_York |
| Exchange Timezone Short Name | EDT |
| Fifty Day Average | 43.565 |
| Fifty Day Average Change | 1.3581009 |
| Fifty Day Average Change Percent | 0.031174129 |
| Fifty Two Week Change Percent | 19.00133 |
| Fifty Two Week High | 45.745 |
| Fifty Two Week High Change | -0.8218994 |
| Fifty Two Week High Change Percent | -0.017966978 |
| Fifty Two Week Low | 37.75 |
| Fifty Two Week Low Change | 7.1730995 |
| Fifty Two Week Low Change Percent | 0.19001588 |
| Fifty Two Week Range | 37.75 - 45.745 |
| First Trade Date Milliseconds | 1,604,327,400,000 |
| Five Year Average Return | 0.105234295 |
| Full Exchange Name | Cboe US |
| 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 | PREPRE |
| Max Age | 86,400 |
| Message Board Id | finmb_666767494 |
| Nav Price | 45.1731 |
| Net Assets | 19,094,376.0 |
| Net Expense Ratio | 0.79 |
| Open | 45.14 |
| Previous Close | 45.132 |
| Price Hint | 2 |
| Quote Source Name | Delayed Quote |
| Quote Type | ETF |
| Region | US |
| Regular Market Change | -0.2089 |
| Regular Market Change Percent | -0.462866 |
| Regular Market Day High | 45.14 |
| Regular Market Day Low | 45.132 |
| Regular Market Day Range | 45.132 - 45.14 |
| Regular Market Open | 45.14 |
| Regular Market Previous Close | 45.132 |
| Regular Market Price | 44.9231 |
| Regular Market Time | 1,776,701,454 |
| Regular Market Volume | 475 |
| Short Name | TrueShares Structured Outcome ( |
| Source Interval | 15 |
| Symbol | NOVZ |
| Three Year Average Return | 0.1563424 |
| Total Assets | 19,094,376 |
| Tradeable | 0 |
| Trailing Annual Dividend Rate | 0.0 |
| Trailing Annual Dividend Yield | 0.0 |
| Trailing P E | 28.042753 |
| Trailing Peg Ratio | None |
| Trailing Three Month Nav Returns | -3.36048 |
| Trailing Three Month Returns | -3.36048 |
| Triggerable | 1 |
| Two Hundred Day Average | 43.97378 |
| Two Hundred Day Average Change | 0.94931793 |
| Two Hundred Day Average Change Percent | 0.021588271 |
| Type Disp | ETF |
| Volume | 475 |
| Yield | 0.037 |
| Ytd Return | -3.36048 |