GraniteShares YieldBOOST NVDA ETF (NVYY)
GraniteShares YieldBOOST NVDA ETF operates in the Asset Management - Leveraged industry of the Financial Services sector, headquartered in New York, NY, US. The stock last traded at $12.24, up 0.84% on the session, giving a market capitalisation of $35.1M. Its beta of 0.77 implies it has historically moved less than the broad market.
This fund primarily aims to generate an income stream equivalent to twice (200%) that derived from selling options directly on NVIDIA Corp. (NVDA). It achieves this by writing options on specialized leveraged exchange-traded funds (ETFs) that are designed to deliver two times (200%) the daily performance of NVIDIA stock. Additionally, a secondary goal of the fund is to capture the performance of these underlying leveraged ETFs, although this comes with a predefined ceiling on any potential investment profits. Measures for downside protection might be employed, which could subsequently influence the overall net income achieved.
GraniteShares YieldBOOST NVDA ETF is most often compared with the following Financial Services names: