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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)
After hours: 16.68 -0.17 (-0.170%) ⇩ (July 13, 2026, 7:55 p.m. EDT)

Short-term:★★⯪☆☆Long-term:★★⯪☆☆Dividends:☆☆☆☆☆
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 Selection — Backtest MAE (log-scale, lower is better)
ModelMAE
AutoETS ✓0.111368
MSTL0.113081
AutoTheta0.232773
AutoARIMA0.234880

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.


Info Dump

Attribute Value
All Time High 168.696
All Time Low 9.23
Ask 0.0
Ask Size 400
Average Daily Volume10 Day 296,480
Average Daily Volume3 Month 654,916
Average Volume 654,916
Average Volume10Days 296,480
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 14.7292
Fifty Day Average Change 2.1208
Fifty Day Average Change Percent 0.14398609
Fifty Two Week Change Percent -66.356804
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 PREPRE
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
Post Market Change -0.17000008
Post Market Change Percent -1.0089025
Post Market Price 16.68
Post Market Time 1,783,986,937
Previous Close 17.01
Price Hint 2
Quote Source Name Nasdaq Real Time Price
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 18.72275
Two Hundred Day Average Change -1.8727493
Two Hundred Day Average Change Percent -0.10002533
Type Disp ETF
Volume 182,323
Yield 0.0
Ytd Return -26.50877