Daily Target 2X Long NOK ETF (LNOK) Price
Daily Target 2X Long NOK ETF Price
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Performance
Underlying
Daily Target 2X Long NOK ETF provides 2X daily exposure to Nokia Corp ADR.
Leverage & Compounding Risk
This ETF rebalances daily to achieve its 2X target. Over periods longer than one day, compounding can cause returns to deviate significantly from 2X the underlying's return — especially in volatile, sideways markets (volatility decay). This product is designed for short-term trading, not buy-and-hold investing.
Daily Target 2X Long NOK ETF List of Holdings
| Company | Share |
|---|---|
United States Treasury Bill 11/19/2026 | 82.32 % |
NOKIA CORP SWAP NMRA-L | 34.49 % |
NOKIA OYJ-SWAP-NBCB-L | 33.56 % |
NOKIA OYJ-SWAP-JNST-L | 30.83 % |
NOKIA CORP SWAP CS-L | 30.66 % |
NOKIA CORP SWAP MAREX-L | 29.11 % |
NOKIA CORP SWAP CF-L | 28.98 % |
NOKIA OYJ-SWAP-MSCS-L | 12.47 % |
First American Government Obligations Fund 12/01/2031 | 0.29 % |
Frequently asked questions about Daily Target 2X Long NOK ETF
Daily Target 2X Long NOK ETF is offered by Defiance, a leading player in the field of passive investments.
The ISIN of Daily Target 2X Long NOK ETF is US88636X5591.
Daily Target 2X Long NOK ETF aims to deliver 2 times the daily return of Nokia Corp ADR (long). The leverage resets each trading day, so multi-day returns can differ materially from 2X the underlying's cumulative return.
Volatility decay (also called compounding drag) occurs because Daily Target 2X Long NOK ETF rebalances daily. In choppy, sideways markets the cumulative return can significantly trail 2X the underlying's period return — even if the underlying ends flat. The effect intensifies with higher leverage factors and longer holding periods.
Leveraged ETFs like Daily Target 2X Long NOK ETF are designed for short-term, tactical trading — typically intraday or a few days. Holding them for weeks or months exposes investors to compounding risk and potential tracking deviation. Most issuers explicitly recommend against long-term holding.
Daily Target 2X Long NOK ETF provides 2X daily long exposure to Nokia Corp ADR. When Nokia Corp ADR moves +1% in a day, Daily Target 2X Long NOK ETF targets approximately 2% (before fees).
The total expense ratio of Daily Target 2X Long NOK ETF is 1.30%, which means that investors pay 130.00 USD per 10,000 USD in investment capital annually.
The ETF is listed in USD.
European investors may incur additional costs for currency exchange and transaction fees.
No, Daily Target 2X Long NOK ETF does not comply with the EU UCITS investor protection directives.
The current average trading volume of Daily Target 2X Long NOK ETF is 265,254.00.
Daily Target 2X Long NOK ETF is domiciled in US.
The fund was launched on 1/20/2026.
The Daily Target 2X Long NOK ETF mainly invests in Information technology companies.
The NAV of Daily Target 2X Long NOK ETF amounts to 14.88 USD.
Investments can be made through brokers or financial institutions that provide access to trading ETFs.
The ETF is traded on the stock exchange, similar to stocks.
Yes, the ETF can be held in a regular securities account.
The ETF is suitable for both short-term and long-term investment strategies, depending on the investor's goals.
The ETF is valued on a daily stock exchange basis.
Information on dividends should be requested from the provider's website or your broker.
The risks include market fluctuations, currency risks, and the risk associated with smaller companies.
The ETF is obligated to report regularly and transparently on its investments.
The performance can be viewed on Eulerpool or directly on the provider's website.
Further information can be found on the official website of the provider.
ETF profile
Daily Target 2X Long NOK ETF