TSLP

Kurv Yield Premium Strategy Tesla (TSLA) ETF

$22.34
+0.00%
Market closed. Last update: 11:41 PM ET

📎 Investment Objective

The Kurv Yield Premium Strategy Tesla (TSLA) ETF seeks to provide investment results that, before fees and expenses, correspond generally to the performance of the Kurv Yield Premium Strategy Index, which aims to generate income and capital appreciation by implementing a covered call strategy on shares of Tesla, Inc. (TSLA).

Overview

ETF tracking Kurv Yield Premium Strategy Tesla (TSLA) ETF

Category Value
Issuer Other
Inception Date 2024-11-18
Market Cap $22.3M
Average Volume N/A
Dividend Yield 25.29%
52-Week Range $15.52 - $34.04
VWAP $22.25

Performance

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Investment Summary

📎 Investment Objective

The Kurv Yield Premium Strategy Tesla (TSLA) ETF seeks to provide investment results that, before fees and expenses, correspond generally to the performance of the Kurv Yield Premium Strategy Index, which aims to generate income and capital appreciation by implementing a covered call strategy on shares of Tesla, Inc. (TSLA).

🎯 Investment Strategy

The ETF invests in shares of Tesla, Inc. and writes (sells) call options on those shares to generate option premium income. The goal is to provide a higher yield than holding Tesla stock directly, while still participating in some of Tesla's potential upside price appreciation.

✨ Key Features

  • Focuses on generating income through a covered call strategy on Tesla stock
  • Aims to provide a higher yield than holding Tesla shares directly
  • Provides exposure to the performance of Tesla, with some downside protection from the option premium
  • Relatively concentrated portfolio, with all assets invested in Tesla

⚠️ Primary Risks

  • Significant concentration risk, as the fund only holds Tesla stock
  • Dependent on the performance of a single company, Tesla, which can be volatile
  • Capped upside potential due to the covered call strategy
  • Option premium income may not fully offset potential losses in the underlying Tesla shares

👤 Best For

This ETF may be suitable for investors seeking income generation and some downside protection, while maintaining exposure to the performance of Tesla stock. However, due to the concentrated nature of the fund, it is best suited for investors with a higher risk tolerance and a long-term investment horizon.