Amplify Energy & Natural Resources Covered Call ETF (NDIV) Stock Price, Quote, News & History | Benzinga

The Fund will normally invest at least 80 percent of its net assets in the securities that comprise the Index. The Index is designed to measure the performance of a covered call strategy applied to the constituents of the VettaFi Energy and Natural Resources Dividend Income Index. The Index seeks to generate high income through investment exposure to the underlying equity securities that comprise the Parent Index and by employing a covered call option strategy that references the Equity Securities, as further described below. In accordance with the Index, the Fund seeks to participate in a portion of the gains experienced by the Equity Securities and will seek to vary its option selling each month to a level sufficient to generate 0.50 percent monthly (6 percent annualized) option premium, based upon the NAV of the Fund each time the Fund sells the monthly options contracts.