DailyDelta Q100 Downside Option Strategy ETF (QDWN)
DailyDelta Q100 Downside Option Strategy ETF operates in the Asset Management industry of the Financial Services sector, headquartered in Denver, CO, US. The stock last traded at $8.54, up 0.04% on the session, giving a market capitalisation of $94,055. Its beta of -4.37 implies it has historically moved less than the broad market.
The DailyDelta Q100 Downside Option Strategy ETF (QDWN) aims to generate capital appreciation while simultaneously constraining its exposure to risk over a single day. Its core strategy involves gaining inverse exposure to the daily downward movements of the Nasdaq-100 Index. This is achieved by investing in short-dated, cash-settled, exchange-traded put options, typically expiring within a week or less and selected to be close to 'at-the-money' with daily expirations. To mitigate risk, particularly on days when the Nasdaq-100 Index is flat or positive, the fund limits potential losses to 10% or less of its net asset value, capping the daily option loss at the amount spent on premiums. The substantial portion of the portfolio, 90%, is held in short-term U.S. Treasury securities, characterized by an average effective duration of approximately six months. QDWN is actively managed and does not directly invest in the Nasdaq-100 Index or the companies it comprises, meaning its performance will diverge from that of the index.
DailyDelta Q100 Downside Option Strategy ETF is most often compared with the following Financial Services names: