YieldMax Target 12 Big 50 Option Income ETF (BIGY)
YieldMax Target 12 Big 50 Option Income ETF operates in the Asset Management - Income industry of the Financial Services sector, headquartered in Los Angeles, CA, US. The stock last traded at $52.57, up 0.08% on the session, giving a market capitalisation of $55.2M. Its beta of 0.90 implies it has historically moved less than the broad market.
The YieldMax Target 12 Big 50 Option Income ETF (BIGY) is an actively managed exchange-traded fund established with the dual objectives of providing an annualized distribution targeting 12% and fostering capital appreciation. It achieves these goals by investing in a carefully selected portfolio of 50 prominent U.S. publicly traded companies, chosen based on their market capitalization. A primary source of the fund's income is generated through the strategic selling of call options and call spreads on its holdings. Furthermore, BIGY also aims for capital growth through direct investments in equities. The investment adviser meticulously assesses potential assets, considering stock and options liquidity, prevailing price levels, and implied volatility, while regularly reviewing the portfolio to make informed decisions about adding or divesting positions.