GOLY

Strategy Shares Gold Enhanced Yield ETF

$33.56

+0.00%

Market closed. Last update: 10:51 PM ET

📎 Investment Objective

The Strategy Shares Gold Enhanced Yield ETF (GOLY) seeks to provide investment results that, before fees and expenses, correspond generally to the performance of the Solactive Gold Enhanced Yield Index.

Overview

ETF tracking Strategy Shares Gold Enhanced Yield ETF

Category Commodities

Issuer Other

Inception Date 2021-05-18

Market Cap $87.9M

Average Volume N/A

Dividend Yield 5.07%

52-Week Range $23.72 - $36.84

VWAP $33.58

Performance

Loading performance data...

Price Chart

Investment Summary

📎 Investment Objective

🎯 Investment Strategy

The fund invests primarily in gold futures contracts and other gold-related instruments to gain exposure to the gold market. It also aims to generate additional income through the use of covered call options on the gold futures contracts.

✨ Key Features

Provides exposure to the gold commodity market
Utilizes a covered call strategy to generate additional income
Seeks to outperform the spot price of gold over the long term
Relatively low expense ratio of 0.00%

⚠️ Primary Risks

Commodity risk: The fund's performance is tied to the price of gold, which can be volatile and subject to market fluctuations
Derivatives risk: The use of futures contracts and options may increase the fund's volatility and risk
Income generation risk: The covered call strategy may limit the fund's upside potential if gold prices rise significantly
Liquidity risk: The fund may have difficulty buying or selling certain investments, particularly in volatile market conditions

👤 Best For

The Strategy Shares Gold Enhanced Yield ETF may be suitable for investors seeking exposure to the gold market with the potential for enhanced income generation. However, investors should be comfortable with the risks associated with commodity and derivative investments, as well as the potential for increased volatility.