TrueShares Active Yield ETF (ERNZ)
TrueShares Active Yield ETF operates in the Asset Management industry of the Financial Services sector, headquartered in San Diego, CA, US. The stock last traded at $21.32, up 0.09% on the session, giving a market capitalisation of $112.6M. Its beta of 0.48 implies it has historically moved less than the broad market.
The TrueShares Active Yield ETF (ERNZ) is an actively managed exchange-traded fund. Its core objective is to generate an income yield that surpasses the broader market. It accomplishes this by investing in a portfolio comprising 50 to 150 income-producing securities. In addition to this principal aim, the fund also prioritizes the preservation of capital and aims for the potential for long-term capital appreciation. It seeks to achieve these by maintaining a comparatively lower volatility profile than the wider market. Notably, this fund is categorized as non-diversified.
TrueShares Active Yield ETF is most often compared with the following Financial Services names: