YieldMax Semiconductor Portfolio Option Income ETF (CHPY)

The YieldMax Semiconductor Portfolio Option Income ETF (CHPY) is an actively managed exchange-traded fund from YieldMax ETFs, sponsored by Tidal, that seeks current income along with exposure to semiconductor stocks.

The fund holds a portfolio of semiconductor companies and sells call options on those positions to collect option premiums, which it uses to fund frequent distributions. This covered-call approach limits participation in sharp price gains of the underlying stocks while generating income from option sales.