GraniteShares YieldBOOST MU ETF (MUYY)

The GraniteShares YieldBOOST MU ETF is an income-oriented fund from GraniteShares tied to the performance of Micron Technology (MU). It belongs to the YieldBOOST series, which aims to produce high current income from options rather than to track a stock directly.

The strategy centers on selling put options on a leveraged ETF that provides twice the daily return of Micron, with the fund's assets held mainly in short-term U.S. Treasuries as collateral. Premiums from the puts drive its distributions, but the fund is exposed to losses when the leveraged Micron product declines, and it does not participate fully in rallies. It is listed on NASDAQ.