YieldMax XYZ Option Income Strategy ETF (XYZY) Stock Price, Quote, News & History | Benzinga

The Fund is an actively managed exchange-traded fund (ETF) that seeks current income while providing indirect exposure to the share price (i.e., the price returns) of the common stock of Block, Inc. (XYZ (formerly SQ) or the Underlying Security), subject to a limit on potential investment gains. The Fund will employ its investment strategy as it relates to XYZ regardless of whether there are periods of adverse market, economic, or other conditions and will not take temporary defensive positions during such periods. As further described below, the Fund uses either a synthetic covered call strategy or a synthetic covered call spread strategy to provide income and indirect exposure to the share price returns of XYZ, subject to a limit on potential investment gains as a result of the nature of the options strategy it employs. That is, the Fund not only seeks to generate income from its options investments but also aims to derive gains when the value of XYZ increases. The Funds options contracts provide: indirect exposure to the share price returns of XYZ, current income from the option premiums, and a limit on the Funds participation in gains, if any, of the share price returns of XYZ. The Fund seeks to generate monthly income, which is not dependent on the price appreciation of the Underlying Security. The Fund seeks to participate in a portion of the gains experienced by the Underlying Security.