TSYY
GraniteShares YieldBOOST TSLA ETF
📎 Investment Objective
The GraniteShares YieldBOOST TSLA ETF (TSYY) seeks to provide investment results that, before fees and expenses, correspond generally to the performance of the GraniteShares YieldBOOST TSLA Index.
Overview
ETF tracking GraniteShares YieldBOOST TSLA ETF
Performance
Price Chart
Investment Summary
📎 Investment Objective
The GraniteShares YieldBOOST TSLA ETF (TSYY) seeks to provide investment results that, before fees and expenses, correspond generally to the performance of the GraniteShares YieldBOOST TSLA Index.
🎯 Investment Strategy
The ETF invests in a portfolio of options contracts on Tesla, Inc. (TSLA) stock in an effort to generate additional income through a covered call strategy. The fund aims to provide investors with a yield boost compared to holding TSLA stock directly.
✨ Key Features
- Covered call strategy on Tesla, Inc. (TSLA) stock
- Seeks to generate additional income and yield compared to holding TSLA stock
- Passively managed to track the GraniteShares YieldBOOST TSLA Index
- Relatively low expense ratio of 0.00%
⚠️ Primary Risks
- Concentration risk as the fund is solely focused on TSLA stock
- Potential underperformance compared to holding TSLA stock directly if the covered call strategy underperforms
- Reliance on the options market and potential volatility in option prices
- Lack of performance history as the fund is newly launched
👤 Best For
This ETF may be suitable for investors seeking additional income generation from their TSLA stock holdings, though it carries higher risk than simply holding the underlying stock. Investors should have a higher risk tolerance and understand the nuances of covered call strategies.