GraniteShares YieldBOOST Technology ETF (TECY)

The GraniteShares YieldBOOST Technology ETF (TECY) is an actively managed exchange-traded fund from GraniteShares that seeks to generate high current income from options linked to technology sector exposure.

Like other funds in the YieldBOOST lineup, the fund sells put options on a leveraged ETF that tracks technology stocks, collecting option premiums that fund regular distributions. Its collateral is held mainly in short-term U.S. Treasury securities. The fund does not own technology stocks directly, and selling puts exposes it to losses when the underlying leveraged fund declines sharply, while its upside is limited to the premiums collected.

Its goal is to convert the high volatility of leveraged technology exposure into an income stream.