GraniteShares YieldBoost AMZN ETF (AZYY)

The GraniteShares YieldBoost AMZN ETF is an income-oriented fund from GraniteShares tied to the stock of Amazon.com. Rather than owning Amazon shares directly, the fund seeks to generate high monthly income by selling put options on a GraniteShares leveraged ETF that provides two times the daily return of Amazon stock, while holding Treasury bills and cash as collateral.

The option premiums collected form the main source of the fund's distributions. Because the options are written on a leveraged product, the fund is exposed to declines in Amazon's share price and can suffer significant losses when the stock falls, while its upside is limited to the premium income received.

Amazon operates a global online retail marketplace, the Amazon Web Services cloud computing platform, a large advertising business and subscription services such as Prime.