GraniteShares YieldBOOST TSLA ETF (TSYY)

The GraniteShares YieldBOOST TSLA ETF (TSYY) is an income-oriented fund from GraniteShares that uses Tesla, Inc. (TSLA) as its ultimate reference asset. Rather than holding Tesla shares, it seeks to generate income by selling put options on an exchange-traded fund that provides leveraged daily exposure to Tesla stock.

The fund collects option premiums and holds U.S. Treasury bills and cash as collateral, aiming to pay regular distributions. Because the puts are written on a leveraged product, the fund can suffer large losses when Tesla shares fall, while its gains are limited to the premiums collected. The ETF is actively managed and trades on the Nasdaq.