Cboe(R) Validus S&P 500(R) Dynamic Putwrite Index ETF (PUTD)
Cboe(R) Validus S&P 500(R) Dynamic Putwrite Index ETF operates in the Asset Management industry of the Financial Services sector. The stock last traded at $21.61, up 1.01% on the session, giving a market capitalisation of $23.3M. Its beta of 0.78 implies it has historically moved less than the broad market.
The Cboe(R) Validus S&P 500(R) Dynamic Putwrite Index ETF (PUTD) is a passively managed exchange-traded fund designed to mirror the performance of its underlying index, prior to any fees or expenses. This index follows a systematic, non-leveraged methodology to construct a portfolio by strategically writing (selling) put options tied to the S&P 500 Index. Through this predefined method, the index aims, over the long term, to achieve a total return that outperforms the S&P 500 Index while simultaneously demonstrating lower volatility and mitigated downside risks (drawdowns).
Cboe(R) Validus S&P 500(R) Dynamic Putwrite Index ETF is most often compared with the following Financial Services names: