GraniteShares YieldBOOST IONQ ETF (IOYY)

The GraniteShares YieldBOOST IONQ ETF is an actively managed income fund from GraniteShares tied to IonQ, Inc., the quantum computing company. It seeks to generate high current income from options linked to IonQ's share price.

Rather than holding IonQ stock, the YieldBOOST strategy generally sells put options on a leveraged ETF that tracks IonQ, collecting option premium while keeping the bulk of its assets in short-term U.S. Treasuries as collateral. Because the options reference leveraged exposure, the fund can be hurt sharply when IonQ shares decline, while its upside is largely limited to the premium collected. Distributions may vary from period to period.