Noble Absolute Return ETF
NOPE
New York Stock Exchange Arca- -
USD
- -
- -
Capital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- United States of America
- IPO Date
- Sep 27, 2022
- Similar Companies
- Business
- Noble Absolute Return ETF (NOPE) is an actively managed exchange-traded fund that seeks to deliver absolute returns through a flexible, multi-strategy approach focused on capital preservation and low correlation to traditional equity and fixed income markets. The fund employs a range of investment strategies, including long/short equity positions, options overlays for downside protection, merger arbitrage, and opportunistic trades in event-driven situations; it also allocates to global equities, fixed income securities, commodities, and currencies to capitalize on market inefficiencies across various asset classes. NOPE targets sophisticated investors seeking uncorrelated returns in volatile environments, operating primarily in U.S. and international markets with a benchmark-agnostic mandate. Launched in 2023 and domiciled in the United States with administrative operations managed by Noble Asset Management, LLC in New York, the ETF emphasizes risk-managed absolute return objectives rather than relative performance. In late 2025, NOPE announced a strategic partnership with a leading quantitative hedge fund provider to enhance its algorithmic trading capabilities and expand capacity for high-frequency absolute return strategies. The fund also completed a seed capital raise exceeding $150 million from institutional allocators, enabling a new service offering in customized sleeves for high-net-worth clients and family offices. These developments mark a significant expansion in assets under management and operational scale within the alternative ETF segment.