GraniteShares YieldBOOST SMCI ETF (SMYY)

GraniteShares YieldBOOST SMCI ETF (SMYY) is an actively managed income fund from GraniteShares linked to Super Micro Computer, Inc. (SMCI). Rather than owning SMCI shares, it seeks to generate high current income through an options strategy referencing a leveraged exchange-traded fund that tracks twice the daily performance of Super Micro stock.

The fund primarily sells put options (often structured as put spreads) on that leveraged ETF, collecting premiums that it distributes to shareholders on a frequent basis, while holding short-term U.S. Treasuries as collateral. Its upside is limited to the premiums received, and it can suffer losses when the leveraged ETF falls substantially.

Super Micro Computer designs and builds high-performance servers, storage systems and rack-scale solutions used in AI and data center deployments.