GraniteShares YieldBOOST META ETF (FBYY)

The GraniteShares YieldBOOST META ETF (FBYY) is an actively managed income fund from GraniteShares tied to Meta Platforms (NASDAQ: META), the parent of Facebook, Instagram and WhatsApp.

The fund seeks current income by selling put options linked to two times the daily price performance of Meta, typically referencing a 2x leveraged Meta ETF. Its portfolio consists mainly of these option positions alongside U.S. Treasury bills held as collateral, and premiums from the options fund the distributions.

Because the fund's options reference leveraged Meta exposure, its value can fall sharply when Meta's stock declines, while its upside is limited to the option premiums collected. FBYY launched in 2025 as part of the GraniteShares YieldBOOST series.