LNOK Daily Target 2X Long NOK ETF
Quote as of Aug 26, 2026 19:59 UTC · Market data delayed approximately 15–20 minutes unless otherwise indicated.
| Previous Close | 35.89 | Day Range | 34.17 – 36.20 |
| 52-Week Range | 17.74 – 121.22 | Volume | 14.23K |
| Avg Volume | 268.18K | AUM | $27.5M (Aug 26, 2026) |
| Expense Ratio | 1.31% | Yield (TTM) | — |
| NAV | 33.12 | Premium/Discount | +8.88% indicative |
| Inception | Jan 20, 2026 | Holdings | 10 |
| Issuer | Defiance | Exchange | CBOE |
| Category | International | Index Tracked | Not stated in source data |
| CUSIP | 88636X559 | ISIN | US88636X5591 |
| Structure | Leveraged 2x Inverse | ||
| Management | Not stated in source data | ||
About this ETF
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 rebalancing. 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.
Description from the fund data provider · profile as of Aug 26, 2026.
Price Chart
Daily closing prices (price return, not total return). Comparison lines are normalized to percent change from the range start. Source: Financial Modeling Prep.
Performance
| 1M | 3M | 6M | YTD | 1Y | 3Y* | 5Y* | 10Y* | Incep.* | |
|---|---|---|---|---|---|---|---|---|---|
| Price return | +26.55% | -67.64% | +34.37% | — | — | — | — | — | +78.20% |
| Total return | +26.55% | -67.64% | +34.37% | — | — | — | — | — | +78.20% |
* Annualized. Total return uses the dividend-adjusted price series (distributions reinvested); price return uses unadjusted closes. Performance through Aug 25, 2026. Past performance does not guarantee future results.
Fees
| Net expense ratio | 1.31% | Annual cost of a $10,000 investment | $131.00 |
Illustrative calculation only: expense ratio × $10,000. It excludes trading costs, bid/ask spreads, taxes and changes in investment value. Gross vs. net expense details and any fee waivers are in the prospectus.
Holdings
Holdings as of Aug 22, 2026 — portfolio reporting date from the data provider; holdings are not live positions. 10 rows in database.
| # | Holding | Ticker | Weight | Shares | Market Value |
|---|---|---|---|---|---|
| 1 | United States Treasury Bill 08/27/2026 | — | 63.80% | 18.45M | $18.4M |
| 2 | NOKIA CORP SWAP MAREX-L | — | 38.14% | 1.08M | $11.0M |
| 3 | NOKIA CORP SWAP NMRA-L | — | 37.14% | 1.05M | $10.7M |
| 4 | NOKIA OYJ-SWAP-NBCB-L | — | 35.75% | 1.01M | $10.3M |
| 5 | NOKIA CORP SWAP CS-L | — | 34.71% | 982.95K | $10.0M |
| 6 | NOKIA CORP SWAP CF-L | — | 32.75% | 927.18K | $9.5M |
| 7 | NOKIA OYJ-SWAP-JNST-L | — | 14.89% | 421.50K | $4.3M |
| 8 | NOKIA OYJ-SWAP-MSCS-L | — | 6.66% | 188.61K | $1.9M |
| 9 | First American Government Obligations Fund… | — | 5.26% | 1.52M | $1.5M |
| 10 | Cash & Other | — | -169.09% | -48.88M | -$48.9M |
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Geographic Exposure
Country weights as reported by the data provider. Developed/emerging/frontier labels follow the classification on the Methodology page. Currency hedged: No hedging indicated in the fund name.
Distributions
| Yield (TTM) | — | Paid (last 12 months) | — |
| Frequency | — | SEC yield | Not provided by our data source — see the issuer page |
| Last ex-date | — | Last payment | — |
| Growth 1Y | — | Growth 3Y / 5Y (ann.) | — / — |
No distributions in our database for this fund — it may not pay them, or history has not loaded yet.
Risk Statistics
Liquidity
| Volume today | 14.23K | Average volume | 268.18K |
| AUM | $27.5M | Premium/Discount | +8.88% |
| Bid/Ask spread | Not provided by our data source. Check your broker's quote screen; spreads are widest at the open and close. | ||
Premium/discount compares the delayed market price with the last reported NAV — an indicative figure, not the official closing premium/discount. How ETF liquidity works →
Fund Flows (estimated)
| Period | Est. net flow | % of starting AUM | AUM start → end |
|---|---|---|---|
| 1 Day | -$1.4M | -4.96% | $28.9M → $27.5M |
| 1 Week | -$4.6M | -15.08% | $30.8M → $27.5M |
ETF Explorer estimate: change in reported AUM minus the market-move effect, from our own daily snapshots. Not official issuer creation/redemption data.
Official Fund Resources
External links open the issuer's site or SEC EDGAR in a new tab. The prospectus and official documents are always the authoritative source — review them before investing.
Latest News for LNOK
No articles mention this fund directly in the last 7 days — showing general ETF coverage.
Guided help: AUM is fund size. The expense ratio is the yearly cost baked into returns. NAV is the value of what the fund owns per share; the market price can sit slightly above (premium) or below (discount) it. Total return assumes distributions were reinvested. Every dataset shows its own as-of date because holdings, assets and quotes update on different schedules.