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TSLY

TSX
7.26000 CAD
0.23
3.07%
Last update Aug 20, 3:59 PM EDT
Market closed
Day range
7.040000
7.40000
Previous close
7.49000
Open
7.40000
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Tesla Enhanced High Income Fund
7.26
0.23
3.07%

Overview

Description

The Tesla Enhanced High Income Fund is an exchange-traded fund designed to generate high monthly income while providing exposure to Tesla Inc.'s stock performance. This fund employs a strategy that involves purchasing shares of Tesla and writing covered call options on these stocks to create enhanced yields. By doing so, it seeks to deliver a stream of income for investors looking to capitalize on Tesla's market activities. The fund focuses on investors interested in leveraging Tesla's potential growth while offsetting risk through income generation. It is aligned with the consumer discretionary sector, particularly the automotive and innovation space, which are synonymous with Tesla’s business model. Established as part of the current trend toward more tactical management strategies, the Tesla Enhanced High Income Fund plays a notable role in providing focused income opportunities in a robust and volatile market segment.

About

Address
Phone
416 649 4541
Website
Instrument type
ETF
Country
Canada
MIC code
XTSE
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