GraniteShares YieldBOOST QQQ ETF (TQQY)

The GraniteShares YieldBOOST QQQ ETF (TQQY) is an income-oriented fund from GraniteShares. Rather than holding Nasdaq-100 stocks directly, it seeks to generate current income by selling put options on a leveraged exchange-traded fund that provides magnified daily exposure to the Nasdaq-100 Index.

The fund collects option premiums and holds U.S. Treasury bills and cash as collateral, with the aim of paying regular distributions. Because it writes puts on a leveraged product, the fund's value can fall sharply when the Nasdaq-100 declines, while its upside is limited to the premiums received. The ETF is actively managed and trades on the Nasdaq.