GraniteShares YieldBOOST NVDA ETF (NVYY)

The GraniteShares YieldBOOST NVDA ETF (NVYY) is an income-oriented fund from GraniteShares linked to NVIDIA Corporation (NVDA). It seeks to generate high current income, paid out as weekly distributions.

The fund pursues this by selling short-dated put options on a leveraged exchange-traded fund that provides two times the daily return of NVIDIA, collecting premium while holding U.S. Treasury securities as collateral. Its returns depend on option premiums and on the movement of the leveraged NVIDIA product, and its upside is limited to the income it collects. NVIDIA designs graphics processors, data center accelerators, networking hardware and software platforms such as CUDA that are widely used for artificial intelligence, gaming and professional visualization.