Is Daily Target 2X Long NOK ETF (LNOK) a Buy, Sell, or Hold?
CBOE : LNOK
Daily Target 2X Long NOK ETF
$28.7 USD
$0.29 (1.02%)
- Volume
- 113.39K
- Average Volume
- 351.07K
- Market Capitalization
- $1.5M
- P/E Ratio
- Dividend Yield
- %
- Price Target
- Year High
- $121.22
- Year Low
- $17.74
- Day High
- —
- Day Low
- —
- Payout Ratio
- Current Ratio
Company Overview
CBOE
Matthew Tuttle
Asset Management - Leveraged
Financial Services
LNOK
N/A
US
USD
Liquidity Metrics
Sales & Valuation
-$
Profitability
-$
%
%
%
%
P/E Metrics
Analyst Price Target & Rating
0/5
0 Analysts
%
Financial Health Scores
No financial score data available.
Key Metrics (TTM)
No key metrics data available.
Company Executives
No executive data available.
Poll Results
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About Daily Target 2X Long NOK ETF (CBOE:LNOK) Stock
The LNOK exchange-traded fund is structured to provide leveraged exposure, aiming to deliver daily returns equivalent to 200% of the daily percentage change in Nokia Corporation - ADR (NYSE: NOK) stock price. It achieves this objective by utilizing financial instruments like swap agreements and short-term, listed call options, which are designed to capitalize on anticipated upward movements in Nokia's share value. Nokia Corporation, the underlying company, operates energy-efficient data centers that offer essential computing infrastructure for demanding applications such as Bitcoin mining and AI workloads, with a key focus on scalable and sustainable power usage for high-performance data processing. LNOK maintains its targeted 2x daily leverage through a strategy of continuous daily rebala ... ncing. However, investors holding the fund for periods longer than a single trading day should be aware that actual returns may diverge significantly from the intended double-leveraged performance. This deviation can be influenced by various factors, including market volatility, the compounding of daily returns, and the impact of the fund's rebalancing activities. Additionally, to serve as collateral for its derivatives positions, LNOK may hold a variety of assets such as U.S. government securities, money market funds, short-duration bond exchange-traded funds, and investment-grade corporate debt.
Frequently Asked Questions
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What is the current Daily Target 2X Long NOK ETF (LNOK) stock price?
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Daily Target 2X Long NOK ETF(CBOE:LNOK) stock price is $28.7 in the last trading session. During the trading session, LNOK stock reached the peak price of $121.22 while $17.74 was the lowest point it dropped to. The percentage change in LNOK stock occurred in the recent session was 1.02% while the dollar amount for the price change in LNOK stock was $0.29.
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LNOK's industry and sector of operation?
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The CBOE listed LNOK is part of Asset Management - Leveraged industry that operates in the broader Financial Services sector.
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Who are the executives of LNOK?
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How many employees does LNOK have?
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Number of LNOK employees currently stands at None. LNOK operates from 234 West Florida Street, Milwaukee, NY 53204, US.
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Link for LNOK official website?
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Official Website of LNOK is: https://www.defianceetfs.com/lnok
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How do I contact LNOK?
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LNOK could be contacted at phone #1 833 333 9383 and can also be accessed through its website. LNOK operates from 234 West Florida Street, Milwaukee, NY 53204, US.
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How many shares of LNOK are traded daily?
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The average number of LNOK shares traded daily for last 3 months was 351.07K.
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What is the market cap of LNOK currently?
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The market value of LNOK currently stands at $1.5M with its latest stock price at $28.7