GraniteShares YieldBOOST QQQ ETF (TQQY)
GraniteShares YieldBOOST QQQ ETF operates in the Asset Management - Leveraged industry of the Financial Services sector, headquartered in New York, NY, US. The stock last traded at $12.37, up 0.20% on the session, giving a market capitalisation of $6.3M. Its beta of 1.50 implies it has historically moved more than the broad market.
The principal aim of this fund is to generate income at a rate triple (300%) that typically derived from selling options on the Nasdaq-100 Index (QQQ). This is achieved by writing options on specialized leveraged exchange-traded funds (ETFs) which are themselves engineered to deliver three times (300%) the daily performance of the Nasdaq-100. A secondary objective involves gaining exposure to the performance of these underlying leveraged ETFs, though any potential investment gains from this exposure are subject to a specified cap. Additionally, the fund may implement downside protection strategies, which could, in turn, affect the ultimate net income level.
GraniteShares YieldBOOST QQQ ETF is most often compared with the following Financial Services names: