Defiance Daily Target 2X Long NVO ETF (NVOX)Trading--Leveraged Equity | Exchange Traded Fund | NYSEArca
16.85 USD
-0.16
(-0.941%) ⇩
(July 13, 2026, 4 p.m.
EDT)
|
Hot Take ↕ | July 11, 2026, 6:29 a.m. EDT
This instrument is a leveraged daily ETF tracking Novo Nordisk, which makes it inherently volatile and unsuitable for standard long-term holding strategies. The underlying business faces significant headwinds, evidenced by a trailing P/E of 83x and a complete absence of dividends, signaling that the market is not rewarding the company with cheap valuations or income. While the recent price action shows a bounce off the lows, the technical picture remains precarious with the price still trading well below its 200-day moving average. The options data reveals a disconnect: while some traders are hedging against a drop to $2-$5, the lack of a cohesive ATM strategy suggests this is noise rather than a coordinated attack on the price. Given the leverage, the compounding drag of daily rebalancing, and the lack of fundamental support like dividends or a clear multi-year growth trajectory, this security offers no clear edge for investors. |
| Model | MAE |
|---|---|
| AutoETS ✓ | 0.111368 |
| MSTL | 0.113081 |
| AutoTheta | 0.232773 |
| AutoARIMA | 0.234880 |
Forecast horizon: 45 days | Selected: AutoETS
| Forecast Reliability | |
|---|---|
| Score | 36% |
| H-stat | 0.56 |
| Ljung-Box p | 0.000 |
| Jarque-Bera p | 0.468 |
| Excess Kurtosis | -0.61 |
| Attribute | Value |
|---|---|
| Trailing P/E | 82.57 |
As of July 11, 2026, 6:29 a.m. EDT: Speculator positioning is fragmented and lacks a unified directional thesis. In the near term (July/August), there is heavy out-of-the-money put open interest at strikes significantly below the current price, suggesting a hedge against a drop to $2-$5, while call activity clusters around the money and slightly out-of-the-money. However, the October expiration shows a distinct reversal with massive volume and open interest in deep in-the-money puts ($3-$5 strikes) and a complete absence of ATM pricing data, indicating a specific bet on a severe crash to single-digit levels rather than a general bearish trend. The lack of coherent ATM skew and the presence of extreme IV spikes at deep OTM strikes suggest speculative hedging or asymmetric bets rather than a consensus view on immediate price direction.
| Attribute | Value |
|---|---|
| All Time High | 168.696 |
| All Time Low | 9.23 |
| Ask | 16.49 |
| Ask Size | 400 |
| Average Daily Volume10 Day | 269,190 |
| Average Daily Volume3 Month | 615,832 |
| Average Volume | 615,832 |
| Average Volume10Days | 269,190 |
| Beta3 Year | 0.0 |
| Bid | 0.0 |
| Bid Size | 100 |
| Category | Trading--Leveraged Equity |
| Crypto Tradeable | 0 |
| Currency | USD |
| Custom Price Alert Confidence | HIGH |
| Day High | 17.065 |
| Day Low | 16.55 |
| Dividend Yield | 0.0 |
| Eps Trailing Twelve Months | 0.20406277 |
| Esg Populated | 0 |
| Exchange | PCX |
| Exchange Data Delayed By | 0 |
| Exchange Timezone Name | America/New_York |
| Exchange Timezone Short Name | EDT |
| Fifty Day Average | 14.828 |
| Fifty Day Average Change | 2.0220003 |
| Fifty Day Average Change Percent | 0.13636366 |
| Fifty Two Week Change Percent | -64.95425 |
| Fifty Two Week High | 54.08 |
| Fifty Two Week High Change | -37.230003 |
| Fifty Two Week High Change Percent | -0.6884246 |
| Fifty Two Week Low | 9.23 |
| Fifty Two Week Low Change | 7.620001 |
| Fifty Two Week Low Change Percent | 0.8255689 |
| Fifty Two Week Range | 9.23 - 54.08 |
| First Trade Date Milliseconds | 1,733,236,200,000 |
| Full Exchange Name | NYSEArca |
| Fund Family | Defiance ETFs LLC |
| Fund Inception Date | 1,733,097,600 |
| 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 NVO ETF |
| Market | us_market |
| Market State | PRE |
| Max Age | 86,400 |
| Message Board Id | finmb_1878723759 |
| Nav Price | 16.9958 |
| Net Assets | 51,743,852.0 |
| Net Expense Ratio | 1.3 |
| Open | 16.75 |
| Pre Market Change | -0.22999954 |
| Pre Market Change Percent | -1.3649824 |
| Pre Market Price | 16.62 |
| Pre Market Time | 1,784,033,557 |
| Previous Close | 17.01 |
| Price Hint | 2 |
| Quote Source Name | Delayed Quote |
| Quote Type | ETF |
| Region | US |
| Regular Market Change | -0.16 |
| Regular Market Change Percent | -0.940622 |
| Regular Market Day High | 17.065 |
| Regular Market Day Low | 16.55 |
| Regular Market Day Range | 16.55 - 17.065 |
| Regular Market Open | 16.75 |
| Regular Market Previous Close | 17.01 |
| Regular Market Price | 16.85 |
| Regular Market Time | 1,783,972,800 |
| Regular Market Volume | 182,323 |
| Short Name | Defiance Daily Target 2X Long N |
| Source Interval | 15 |
| Symbol | NVOX |
| Total Assets | 51,743,852 |
| Tradeable | 0 |
| Trailing Annual Dividend Rate | 0.0 |
| Trailing Annual Dividend Yield | 0.0 |
| Trailing P E | 82.57263 |
| Trailing Peg Ratio | None |
| Trailing Three Month Nav Returns | 57.48594 |
| Trailing Three Month Returns | 57.48594 |
| Triggerable | 1 |
| Two Hundred Day Average | 18.6434 |
| Two Hundred Day Average Change | -1.7933998 |
| Two Hundred Day Average Change Percent | -0.096194886 |
| Type Disp | ETF |
| Volume | 182,323 |
| Yield | 0.0 |
| Ytd Return | -26.50877 |