QYLD Horizons NASDAQ 100 Covered Call ETF

Seeks to track, before fees and expenses, the CBOE NASDAQ-100 BuyWrite V2 Index. The Index is a total return index based on (1) buying a NASDAQ-100 stock index portfolio, and (2) “writing” (or selling) the near-term NASDAQ-100 Index (NDX) “covered” call option, generally on the third Friday of each month. The NDX call written will have about one month remaining to expiration, with an exercise price just above the prevailing index level (i.e., slightly out of the money). The NDX call is held until one day prior to expiration and are liquidated at a volume-weighted average price determined at the close. The NDX call option is settled in cash, at which time a new one-month, near-the-money call is written.

$16.90  +0.08 (0.48%)
As of 03/23/2023 15:59:10 EST     IEX book   CBOE book

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ETF Information

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Sponsor:     Horizons ETFs
Category1:  Alternatives
Category2:  Options
Category3:  Covered calls
Morningstar category:  Option Writing
Leverage factor:  1.00
Inception date:  12/11/2013
Index tracking method: Passive replication
Current yield:  11.54%
Historical average yield:  10.22%
Market cap:  $6,921,770,300
Average volume:  2,784,328
Fees:     0.6000%

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Index Information

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CBOE NASDAQ-100 BuyWrite V2 Index
Index symbol:  BXNT
Provider:   CBOE
Note: Tracks a total return index
Index weighting:   Market capitalization
Index inception date:  06/22/2015
Backtesting data exists:   No