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The Direxion NVDA Defined Income Boost ETF seeks investment results, that track the Cboe NVDA Defined Income Index (the "Index"). The Index is designed to track the performance of an investment strategy that systematically attempts to collect a target amount of income from option premiums by writing (selling) weekly, out-of-the-money equity call options on an underlying security (i.e., common shares of NVIDIA Corporation (NASDAQ: NVDA)) based on the Index's target distribution amount, with daily delta hedging conducted through long positions in the underlying security. The Index's target distribution amount is set by Cboe Global Indices, LLC and is currently set at an annualized distribution rate of 20%. NVIDIA Corporation is a technology company that designs and sells graphics processing units and artificial intelligence hardware and software utilized in gaming, professional visualization, data centers and the automotive industry. The Index is constructed such that at the end of each week (generally Friday), an out-of-the-money call option on NVDA is sold that typically expires at the end of the following week. The seller of a call option receives a payment ("premium") from the buyer. Using this strategy, the Index generates income in the form of option premiums.
Direxion Nvda Defined Income Boost ETF trades on the BATS stock market under the symbol NVIB.
As of September 23, 2026, NVIB stock price declined to $27.95 with 2,333 million shares trading.
NVIB has a market cap of $2.52 million. This is considered a Sub-Micro Cap stock.
NVIB support price is $27.66 and resistance is $29.13 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that NVIB shares will trade within this expected range on the day.
