Introducing Twelve Converter! Real-time currency rates at your fingertips. Available on Android, iOS soon!

SPYT

17.58000 USD
0.03
0.17%
Last update Jun 18, 3:59 PM EDT
Pre-market
Day range
17.57000
17.68100
Previous close
17.61000
Open
17.59000
Access this ETF data via API
Subscribe
Defiance S&P 500 Target Income ETF
17.58
0.03
0.17%

Overview

Description

The Defiance S&P 500 Target Income ETF is an exchange-traded fund created with the primary purpose of providing investors with monthly income while maintaining a level of equity exposure. This ETF follows an innovative strategy by targeting a defined income objective through its investments in the S&P 500 index, utilizing a strategy that involves covered call options. These options are designed to generate income by selling call options on the stocks within the index, often capitalizing on stock volatility and preserving capital with less downside risk. This makes the ETF particularly appealing to income-focused investors seeking stability along with the benefit of equity participation. The Defiance S&P 500 Target Income ETF reflects a diversified approach across sectors like technology, healthcare, and financials, assuming a pivotal role in the market as it offers a structured income strategy against the backdrop of S&P 500 performance. Thus, it serves as a dynamic tool for those looking to balance risk with periodic income generation.

About

Address
Phone
Website
Instrument type
ETF
Country
United States
MIC code
ARCX
Pre-market

Exchange is currently open for pre-market.
Main market opens in 1 day 3 hours 33 minutes

05:56
00:00
23:59

Trading Hours (Monday - Friday):

Pre-market
04:00 - 09:30
Main market
09:30 - 16:00
Post-market
16:00 - 20:00
All times are displayed in the America/New_York timezone (EDT, UTC-04:00).