Defiance Treasury Alternative Yield ETF (TRES)
Defiance Treasury Alternative Yield ETF operates in the Asset Management - Bonds industry of the Financial Services sector, headquartered in Milwaukee, NY, US. The stock last traded at $16.87, down 0.24% on the session, giving a market capitalisation of $3.0M. Its beta of 0.00 implies it has historically moved less than the broad market.
This actively managed exchange-traded fund aims to provide steady income through a dual strategy. Firstly, it invests in U.S. government debt instruments, such as Treasury bills, notes, and bonds, keeping its portfolio duration to a maximum of one year. Secondly, it employs specific option strategies, including credit and debit spreads, along with long call and long put positions. These option contracts are executed on selected exchange-traded Treasury funds, though the fund itself does not directly own shares in these Treasury ETFs. It is important to note that this fund operates as a non-diversified investment.
Defiance Treasury Alternative Yield ETF is most often compared with the following Financial Services names: