The ETF applies a covered call mechanism on HACK holdings, with monthly distributions tied to option premiums.
Chicago - based Amplify ETFs, which has over US$17.6 b illio n in assets under managemen t, has launched the Amplify HACK Cybersecurity Covered Call ETF (HAKY), which combines income generation with exposure to companies operating in the cybersecurity sector. Cybersecurity is now mission-critical infrastructure as organisations confront escalating digital threats - Christian Magoon, Amplify ETFs The issuer stated that HAK