LNOK Stock Price, Chart, Stats & News

Defiance Daily Target 2x Long NOK ETF
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Trading--Leveraged Equity
Category
1.31%
Expense ratio
93.59M
Assets
LNOK chart
1M
3M
1Y
5Y
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LNOK returns
| 1Y volatility | 0.00% |
| 3Y volatility | 0.00% |
| Sharpe ratio | 0.00 |
About
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.
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