GraniteShares YieldBOOST AMZN ETF (AZYY)
GraniteShares YieldBOOST AMZN ETF operates in the Asset Management - Leveraged industry of the Financial Services sector, headquartered in New York, NY, US. The stock last traded at $14.43, down 0.03% on the session, giving a market capitalisation of $2.9M. Its beta of 1.03 implies it has historically moved more than the broad market.
The GraniteShares YieldBOOST AMZN ETF (AZYY) is primarily designed to generate income equivalent to twice (200%) the proceeds typically derived from selling options on Amazon (AMZN). This is achieved by writing options contracts on specialized leveraged exchange-traded funds (ETFs) that are constructed to deliver two times (200%) the daily performance of the underlying Amazon stock. As a secondary goal, the Fund aims to capture the performance of these amplified ETFs, though any potential investment gains are subject to a specified maximum. Additionally, the Fund reserves the right to implement measures intended to protect against downside risk, which could consequently influence the overall net income earned.
GraniteShares YieldBOOST AMZN ETF is most often compared with the following Financial Services names: