YieldMax Short COIN Option Income Strategy ETF (FIAT)
YieldMax Short COIN Option Income Strategy ETF operates in the Asset Management - Income industry of the Financial Services sector, headquartered in Milwaukee, WI, US. The stock last traded at $21.09, down 0.06% on the session, giving a market capitalisation of $36.3M. Its beta of -2.39 implies it has historically moved less than the broad market.
The YieldMax Short COIN Option Income Strategy ETF (FIAT) is an actively managed exchange-traded fund with the primary objective of generating consistent weekly income. It achieves this by employing a synthetic covered put strategy that focuses on Coinbase Global Inc. (COIN). This approach is designed to collect premiums from options contracts, thereby providing the fund with inverse exposure, or a short position, to the price movements of COIN shares. To manage potential risks, the fund incorporates hedging through the acquisition of call options.
YieldMax Short COIN Option Income Strategy ETF is most often compared with the following Financial Services names: