Direxion Shares ETF Trust - Direxion NVDA Defined Income Boost ETF
NVIB
Chicago Board Options Exchange- -
USD
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- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 535 Madison Avenue, 37th Floor New York NY United States of America 10022
- IPO Date
- Jul 29, 2026
- Website
- direxion.com
- Similar Companies
- Business
- Direxion Shares ETF Trust – Direxion NVDA Defined Income Boost ETF is a U.S.-domiciled exchange-traded fund that seeks investment results, before fees and expenses, corresponding to the performance of the Cboe NVDA Defined Income Index. Trading under the ticker NVIB, the Fund provides a rules-based, income-oriented strategy linked to the common stock of NVIDIA Corporation (NASDAQ: NVDA), principally through financial instruments and derivatives designed to replicate the benchmark’s exposure. The Fund normally invests at least 80% of its net assets in the Index’s constituent securities and financial instruments providing exposure to the Index. The Cboe NVDA Defined Income Index is designed to systematically generate option-premium income by writing weekly out-of-the-money call options on NVIDIA common stock. The strategy incorporates daily delta hedging through long positions in NVIDIA shares to offset the negative delta associated with the short-call exposure and retain a measure of participation in NVIDIA share-price appreciation. The index’s target distribution amount is set by Cboe Global Indices, LLC and is currently based on a 20% annualized target yield; the Fund is designed to make distributions twice monthly. The Fund may use swaps, options, NVIDIA equity exposure, cash and other instruments to implement its investment strategy, and its distributions may include ordinary income and, where strategy income is insufficient, return of capital. NVIB is managed by Rafferty Asset Management, LLC, which operates under the Direxion brand, and is part of Direxion Shares ETF Trust’s U.S. exchange-traded-fund platform. The Fund serves investors seeking a concentrated, non-leveraged equity-options income strategy tied to NVIDIA and the semiconductor and information-technology sectors, rather than direct ownership of NVIDIA shares alone. It carries a 0.99% gross expense ratio and a 0.97% net expense ratio. The Fund was launched on July 29, 2026, and is headquartered operationally through its New York-based Direxion sponsor and management organization. Its principal recent strategic development is its introduction as one of six Direxion Defined Income Boost ETFs, alongside funds linked to Alphabet, Meta Platforms, Micron Technology, Palantir Technologies and Tesla. The July 2026 launch expanded Direxion’s product lineup beyond its established leveraged and inverse ETFs into single-stock, option-income ETFs that use transparent, rules-based Cboe indexes and covered-call-style strategies to pursue targeted income while seeking to preserve some upside participation.