BBYY — GraniteShares YieldBOOST BABA ETF
$8.18-1.58%
Last close: · regular session
Last 60 sessions
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The Fund primarily seeks to generate income equivalent to double (200%) that derived from selling options on Alibaba Group Holding Limited (NASDAQ: BABA). This is accomplished by selling options on specific leveraged exchange-traded funds (ETFs) that are themselves designed to provide twice (200%) the daily performance of Alibaba stock. A secondary objective of the Fund is to offer exposure to the performance of these leveraged ETFs, although with an imposed cap on potential investment gains. Additionally, downside protection mechanisms may be employed, which could, in turn, impact the overall net income achieved.
Company profile
- Sector: Financial Services
- Industry: Asset Management - Income
- Country: US
- Exchange: NASDAQ
- Employees: 17
- Website: https://graniteshares.com/etfs/bbyy
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