TrueShares Structured Outcome (November) ETF (NOVZ)
TrueShares Structured Outcome (November) ETF operates in the Asset Management industry of the Financial Services sector, headquartered in San Diego, CA, US. The stock last traded at $47.92, up 0.22% on the session, giving a market capitalisation of $20.7M. Its beta of 0.77 implies it has historically moved less than the broad market.
This actively managed exchange-traded fund (ETF) pursues its investment goals by committing nearly all of its assets to options contracts that derive their value from an underlying index. Specifically, on each designated "Initial Investment Day," the fund systematically purchases call options and sells put options. These options are tied to either the S&P 500 Price Index directly or an ETF designed to track its performance, and they are structured to mature by the subsequent "Roll Date." The fund operates with a non-diversified investment approach.
TrueShares Structured Outcome (November) ETF is most often compared with the following Financial Services names: