Defiance ETFs launches NVOX, a 2x leveraged fund tracking Novo Nordisk, known for weight loss drugs.

Defiance ETFs has introduced NVOX, the first 2x leveraged ETF focused on Novo Nordisk, a Danish pharmaceutical company known for its weight loss drugs Ozempic and Wegovy. NVOX offers retail investors double the daily exposure to Novo Nordisk's stock price changes without needing a margin account. Despite the potential for high returns, the ETF comes with significant risks due to its single-stock focus.

4 months ago
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