Defiance Daily Target 2X Long NVO ETF (NVOX)Trading--Leveraged Equity | Exchange Traded Fund | NYSEArca
11.64 USD
-0.51
(-4.235%) ⇩
(April 21, 2026, 3:24 p.m.
EDT)
Short-term: ★★☆☆☆ | Long-term: ★☆☆☆☆ | Dividends: ★★☆☆☆ |
Hot Take | April 19, 2026, 1:07 a.m. EDT
NVOX is a high-risk, low-reward trap in its current state; as a leveraged 2x long ETF, it suffers from massive volatility decay (daily resets) and is fundamentally tracking a target price that is spectacularly overvalued relative to its earnings (PE ~60), making it an unsuitable holding for anything other than aggressive tactical trading of short-term momentum spikes. |
| Model | MAE |
|---|---|
| AutoETS ✓ | 0.790038 |
| AutoARIMA | 0.790047 |
| MSTL | 0.795685 |
| AutoTheta | 0.860081 |
Forecast horizon: 45 days | Selected: AutoETS
| Forecast Reliability | |
|---|---|
| Score | 35% |
| H-stat | 8.30 |
| Ljung-Box p | 0.000 |
| Jarque-Bera p | 0.027 |
| Excess Kurtosis | -0.59 |
| Attribute | Value |
|---|---|
| Trailing P/E | 57.02 |
As of April 19, 2026, 1:07 a.m. EDT: Options flow indicates strong bullish positioning in Call options with significant Open Interest (OI) concentration at strikes $12.00 and $15.00 across near-term expirations, suggesting a high $0.68-$0.99 IV floor. Call volume is notably higher than put volume, with specific 'New Flow' activity at $11.00 calls (Vol 14 vs OI 9). However, Put flows show a heavy presence in lower strikes ($4.00 and $2.00) with significantly inflated IV (up to 241% vs ATM), which may represent 'long gamma' protection or aggressive hedging by underlying holders rather than a signal for a target crash. Overall, speculators are net bullish on the short end.
| Attribute | Value |
|---|---|
| All Time High | 168.696 |
| All Time Low | 9.23 |
| Ask | 11.61 |
| Ask Size | 4,000 |
| Average Daily Volume10 Day | 1,141,850 |
| Average Daily Volume3 Month | 1,131,327 |
| Average Volume | 1,131,327 |
| Average Volume10Days | 1,141,850 |
| Beta3 Year | 0.0 |
| Bid | 11.6 |
| Bid Size | 1,500 |
| Category | Trading--Leveraged Equity |
| Crypto Tradeable | 0 |
| Currency | USD |
| Custom Price Alert Confidence | HIGH |
| Day High | 12.0 |
| Day Low | 11.115 |
| 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 | 12.1296 |
| Fifty Day Average Change | -0.49459934 |
| Fifty Day Average Change Percent | -0.04077623 |
| Fifty Two Week Change Percent | -70.45233 |
| Fifty Two Week High | 72.16 |
| Fifty Two Week High Change | -60.525 |
| Fifty Two Week High Change Percent | -0.8387611 |
| Fifty Two Week Low | 9.23 |
| Fifty Two Week Low Change | 2.4050007 |
| Fifty Two Week Low Change Percent | 0.26056346 |
| Fifty Two Week Range | 9.23 - 72.16 |
| 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 | REGULAR |
| Max Age | 86,400 |
| Message Board Id | finmb_1878723759 |
| Nav Price | 12.1625 |
| Net Assets | 42,657,776.0 |
| Net Expense Ratio | 1.3 |
| Open | 12.0 |
| Previous Close | 12.15 |
| Price Hint | 2 |
| Quote Source Name | Nasdaq Real Time Price |
| Quote Type | ETF |
| Region | US |
| Regular Market Change | -0.5149994 |
| Regular Market Change Percent | -4.2351923 |
| Regular Market Day High | 12.0 |
| Regular Market Day Low | 11.115 |
| Regular Market Day Range | 11.115 - 12.0 |
| Regular Market Open | 12.0 |
| Regular Market Previous Close | 12.15 |
| Regular Market Price | 11.635 |
| Regular Market Time | 1,776,799,441 |
| Regular Market Volume | 791,930 |
| Short Name | Defiance Daily Target 2X Long N |
| Source Interval | 15 |
| Symbol | NVOX |
| Total Assets | 42,657,776 |
| Tradeable | 0 |
| Trailing Annual Dividend Rate | 0.0 |
| Trailing Annual Dividend Yield | 0.0 |
| Trailing P E | 57.01677 |
| Trailing Peg Ratio | None |
| Trailing Three Month Nav Returns | -53.33473 |
| Trailing Three Month Returns | -53.33473 |
| Triggerable | 1 |
| Two Hundred Day Average | 24.25885 |
| Two Hundred Day Average Change | -12.62385 |
| Two Hundred Day Average Change Percent | -0.5203812 |
| Type Disp | ETF |
| Volume | 791,930 |
| Yield | 0.0 |
| Ytd Return | -53.33473 |