Defiance Nasdaq 100 LightningSpread Income ETF (QLDY)
Defiance Nasdaq 100 LightningSpread Income ETF operates in the Asset Management industry of the Financial Services sector, headquartered in Miami, FL, US. The stock last traded at $42.42, up 0.73% on the session, giving a market capitalisation of $50.9M. Its beta of 1.79 implies it has historically moved more than the broad market.
The fund is an actively managed exchange-traded fund (“ETF”) that seeks current income and, secondarily, capital appreciation. The fund seeks to achieve its investment objectives by employing a “LightningSpread" strategy, which is designed to generate daily income that the fund manager intends to distribute twice weekly. The fund’s strategy also seeks to provide long exposure to the price return of the Nasdaq 100 index (the “index”). The fund is non-diversified.
Defiance Nasdaq 100 LightningSpread Income ETF is most often compared with the following Financial Services names: