USOY

Defiance Oil Enhanced Options Income ETF

$7.00

+0.00%

Market closed. Last update: 10:56 PM ET

📎 Investment Objective

The Defiance Oil Enhanced Options Income ETF (USOY) seeks to provide current income and capital appreciation by investing in a portfolio of oil and gas companies and generating additional income through the use of options strategies.

Overview

ETF tracking Defiance Oil Enhanced Options Income ETF

Category Energy

Issuer Other

Inception Date 2024-05-10

Market Cap $48.3M

Average Volume N/A

Dividend Yield 12.61%

52-Week Range $6.94 - $15.08

VWAP $7.02

Performance

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Price Chart

Investment Summary

📎 Investment Objective

🎯 Investment Strategy

The fund invests primarily in a portfolio of stocks of companies in the oil and gas industry. It then generates additional income by writing (selling) call options on the underlying equity positions. The options strategy aims to provide a steady stream of option premium income to supplement the returns from the equity holdings.

✨ Key Features

Focuses on the oil and gas sector to provide exposure to energy markets
Utilizes an options-based strategy to generate additional income
Aims to provide current income and capital appreciation
Relatively low expense ratio of 0.00%

⚠️ Primary Risks

Concentration risk as the fund is focused on the energy sector
Volatility risk as the energy sector can be subject to significant price swings
Options-related risks such as time decay and potential losses from option assignments
Liquidity risk due to the fund's small asset size and trading volume

👤 Best For

This ETF may be suitable for investors seeking exposure to the energy sector and looking to generate additional income through an options-based strategy. However, the fund's small size and limited trading history make it a higher-risk investment, so it is best suited for experienced investors with a higher risk tolerance and a long-term investment horizon.