The fund is designed as a short-duration alternative to traditional cash and ultra short bond allocations and will use options on broad equity benchmarks such as the S&P 500 and Nasdaq 100.

New York-based Roundhill Investments (Roundhill), a US Securities and Exchange Commission (SEC)-registered investment adviser and exchange-traded fund (ETF) provider, has further diversified its product suite with the launch of the Roundhill Ultra Short Duration No Dividend Target ETF (XBOX). The ETF will use box spreads The fund is designed for investors seeking a tax-aware, short-duration alternative to traditional cash and ultra short bond allocations and targets treasury-like returns whi