Nationwide Nasdaq-100 Risk-Managed Income ETF (NUSI)
Nationwide Nasdaq-100 Risk-Managed Income ETF operates in the Asset Management industry of the Financial Services sector, headquartered in Columbus, OH, US. The stock last traded at $26.78, down 0.30% on the session, giving a market capitalisation of $168.0M. Its beta of 0.70 implies it has historically moved less than the broad market.
This actively managed exchange-traded fund (ETF) endeavors to achieve its investment objectives predominantly by holding shares of companies listed in the Nasdaq-100® Index. It further implements an options collar strategy on the Nasdaq-100, involving the simultaneous sale of call options and purchase of put options. Under typical market conditions, at least 80% of the fund's net assets, augmented by any capital borrowed for investment purposes, will be allocated to securities or derivative instruments tied to firms within its reference index. The fund is categorized as non-diversified.
Nationwide Nasdaq-100 Risk-Managed Income ETF is most often compared with the following Financial Services names: