Direxion NVDA Defined Income Boost ETF (NVIB)

The Direxion NVDA Defined Income Boost ETF (NVIB) is an exchange-traded fund from Direxion built around NVIDIA Corporation (NVDA). It aims to generate income linked to the price behavior of NVIDIA shares by using an options-based strategy rather than simply holding the stock.

Funds of this kind typically collect option premiums on the underlying stock or a related instrument and pay out that income as regular distributions, which generally limits the share of NVIDIA's upside the fund can capture. NVIDIA designs graphics processors, data center accelerators, networking hardware and software platforms such as CUDA that are widely used for artificial intelligence, gaming and professional visualization.