IOYY — GraniteShares YieldBOOST IONQ ETF
The GraniteShares YieldBOOST IONQ ETF (IOYY) has two main objectives. Primarily, its goal is to generate an income stream equivalent to twice (200%) the amount usually produced by selling options on IonQ Inc. (NASDAQ IONQ) stock. The Fund achieves this by selling options, not directly on IonQ shares, but rather on leveraged exchange-traded funds (ETFs) that are themselves designed to deliver double (200%) the daily performance of IonQ Inc. Secondarily, the Fund aims to provide exposure to the performance of these aforementioned leveraged ETFs, with the understanding that there will be a predetermined cap on any potential investment profits. Additionally, the Fund has the option to implement downside protection measures, which could potentially influence the net income realized.
Company profile
- Sector: Financial Services
- Industry: Asset Management - Leveraged
- Country: US
- Exchange: NASDAQ
- Website: https://graniteshares.com/etfs/ioyy
Educational tool only — not investment advice.