The exchange-traded funds (ETFs) aim to provide weekly income while maintaining exposure to Nvidia and Tesla shares.
New York-based ETF issuer xETFs has launched two single-stock income ETFs: the xETFs NVDA Daily Income ETF under ticker NYYY and the xETFs TSLA Daily Income ETF under ticker TYYY. The strategy is also designed to retain at least 75% of intra-day equity participation The two funds provide exposure to shares of Nvidia and Tesla. The company said that the funds write call options daily to generate income, with distributions planned on a weekly basis. The strategy is also designed to r