GraniteShares YieldBOOST AMD ETF (AMYY)
GraniteShares YieldBOOST AMD ETF operates in the Asset Management - Leveraged industry of the Financial Services sector, headquartered in New York, NY, US. The stock last traded at $14.52, up 1.40% on the session, giving a market capitalisation of $9.3M. Its beta of 1.18 implies it has historically moved more than the broad market.
This fund's primary goal is to generate income equivalent to 200% (twice) that derived from selling options tied to Advanced Micro Devices (AMD). It achieves this not by directly trading options on AMD itself, but by selling options on a specific, leveraged exchange-traded fund (referred to as the "Underlying Leveraged ETF"). This particular ETF is designed to deliver 200% (twice) the daily performance of AMD. A secondary objective of the fund is to gain exposure to the performance of this Underlying Leveraged ETF, though potential investment gains are subject to a predefined ceiling. Furthermore, the fund has the option to implement measures for downside protection, which, if utilized, could affect the overall net income generated.
GraniteShares YieldBOOST AMD ETF is most often compared with the following Financial Services names: