xETFs TSLA Daily Income ETF (TYYY)

The xETFs TSLA Daily Income ETF is a single-stock income fund linked to Tesla, Inc. (TSLA), the electric vehicle and energy company. The fund seeks to generate income through an options-based strategy built around Tesla's share price.

Funds of this type typically combine synthetic or direct exposure to the underlying stock with the sale of short-dated call options, collecting option premium that is paid out to shareholders as frequent distributions. In exchange, the fund generally gives up part of Tesla's upside while remaining exposed to declines in the stock.

The fund does not invest in other companies; its results are tied to Tesla's share price and the option strategy applied to it.