Global X NASDAQ 100 Covered Call ETF (QYLD)

Recon Capital NASDAQ-100 Covered Call ETF (QYLD) is an exchange-traded fund (ETF) that tracks the performance of the NASDAQ-100 Covered Call Index. The fund uses a covered call strategy to generate income for investors.

In a covered call strategy, the fund owns shares of the underlying securities in the index and sells call options on those securities. By selling call options, the fund receives a premium from the buyer, which generates additional income for the fund. However, in exchange for receiving the premium, the fund limits the potential gains of the underlying securities.

The fund has a 12-month trailing yield of 9.33% and pays a monthly distribution to investors.

Investing in QYLD may be appropriate for investors seeking income and who are willing to accept the risks associated with a covered call strategy.