The funds generate weekly income by selling options on leveraged exchange-traded funds (ETFs) that track 2x (200%) the daily leveraged price movement of their underlying stock.
GraniteShares, a New York-based exchange-traded fund (ETF) provider, has launched two new leveraged income-focused ETFs to its portfolio. The new ETFs include the GraniteShares YieldBOOST RIOT ETF (RTYY) and the GraniteShares YieldBOOST HIMS ETF (HMYY). The funds have been listed since 2 December and currently come with a total expense ratio of 1.07% RTYY tracks Riot Platforms, an American Bitcoin mining and digital infrastructure company, as its underlying stock. On the other hand, HMYY tr