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NVYY

27.15000 USD
0.3
1.12%
Last update Jun 18, 3:49 PM EDT
Market closed
Day range
26.80000
27.15000
Previous close
26.85000
Open
26.89000
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Granite YieldBoost NVDA Mutual Fund
27.15
0.30
1.12%

Overview

Description

Granite YieldBoost NVDA Mutual Fund is an actively managed exchange-traded fund that focuses on generating current income by utilizing options strategies tied to leveraged exposure on shares of Nvidia Corporation. The fund’s primary purpose is to provide monthly income through the sale of put options on leveraged exchange-traded funds, specifically those that aim to deliver two times (2x) the daily performance of Nvidia’s common stock. By selling these options, the fund seeks to capture option premiums while maintaining an indirect participation in Nvidia's price movements, subject to a cap on the extent of potential gains from stock price increases. The fund is notable for its use of derivative strategies to enhance yield while offering exposure to a single, high-growth technology company through leveraged instruments. Its design caters to investors interested in technology sector exposure paired with an income-oriented approach. The fund carries risks associated with derivatives, leverage, and concentration in a single issuer, making it distinct in its market role as a specialized income-generating solution tied to the performance of leveraged Nvidia-linked ETFs.

About

CEO
Employees
0
Address
Phone
Website
Instrument type
Common stock
Sector
Industry
Country
United States
MIC code
XNMS
Market closed

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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).