GraniteShares YieldBOOST COIN ETF (COYY)
GraniteShares YieldBOOST COIN ETF operates in the Asset Management industry of the Financial Services sector, headquartered in New York, NY, US. The stock last traded at $16.70, up 0.94% on the session, giving a market capitalisation of $26.8M. Its beta of 0.29 implies it has historically moved less than the broad market.
COYY aims to pay weekly distributions based on a put option writing strategy. The ETF is actively managed, holding indirect exposure to COIN-leveraged ETFs. It seeks 200% of the daily percentage change of the COIN ETF, with capped gains. Regulatory constraints on risk might force strategy adjustments. The fund does not guarantee success and excludes direct investment in the COIN ETF, leaving potential losses without premium offset. The underlying COIN ETF targets 2x the daily stock performance, with long-term returns affected by daily rebalancing and compounding. The funds exposure ties closely to the financial exchanges and data industry due to the single underlying stock focus.
GraniteShares YieldBOOST COIN ETF is most often compared with the following Financial Services names: