Defiance Nasdaq 100 Enhanced Options Income ETFQQQY
QQQY
0
Funds holding %
of 6,810 funds
–
Analysts bullish %
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
84% more call options, than puts
Call options by funds: $2.16M | Put options by funds: $1.18M
1.71% less ownership
Funds ownership: 3.65% [Q2] → 1.94% (-1.71%) [Q3]
40% less funds holding
Funds holding: 25 [Q2] → 15 (-10) [Q3]
57% less capital invested
Capital invested by funds: $9.44M [Q2] → $4.03M (-$5.4M) [Q3]
60% less first-time investments, than exits
New positions opened: 6 | Existing positions closed: 15
100% less repeat investments, than reductions
Existing positions increased: 0 | Existing positions reduced: 9
Research analyst outlook
We haven’t received any recent analyst ratings for QQQY.
Financial journalist opinion
Negative
Seeking Alpha
4 days ago
QQQY: The Illusion Of A High Yield Comes With Tradeoffs
I maintain my sell rating on QQQY due to its continued price decline and inability to achieve an attractive total return. QQQY's high dividend yield of 39% is offset by a significant capital erosion. The fund's at-the-money option strategy and lack of underlying equities contribute to its weak total return compared to alternative option ETFs.
Neutral
Seeking Alpha
2 months ago
QQQY: A Closer Look Reveals A Flawed Income Strategy
QQQY's distribution rate includes a portion of capital returned to investors, which can influence how its distribution yield is perceived. The fund's short-put strategy limits upside potential, making it less effective in capturing gains from Nasdaq's growth. The Nasdaq's 37% return outpaced QQQY's 20% in the past year, primarily due to QQQY's limited upside potential and its allocation to low-interest government bonds.
Neutral
GlobeNewsWire
3 months ago
Defiance ETFs Announces Monthly Distributions on $QQQY (65.47%) $JEPY (49.19%) $IWMY (72.57%) $SPYT (20.02%) $USOY (48.25%) $QQQT (20.02%)
MIAMI, Sept. 30, 2024 (GLOBE NEWSWIRE) -- 09-30-2024 Distributions Ex & Record Date 10/1/2024.
Neutral
GlobeNewsWire
3 months ago
Defiance Announces Shift to Weekly Distributions and Name Change for 0DTE Income ETF Suite
MIAMI, Sept. 26, 2024 (GLOBE NEWSWIRE) -- Defiance ETFs, a leading innovator in thematic and income-based exchange-traded funds (ETFs), is excited to announce the renaming and strategy update for its suite of Daily Options Income ETFs to better reflect the adoption of same-day expiration options (0DTE) and an enhanced income strategy.
Neutral
GlobeNewsWire
3 months ago
Defiance Announces Shift to Weekly Distributions and Name Change for 0DTE Income ETF Suite
MIAMI, Sept. 26, 2024 (GLOBE NEWSWIRE) -- Defiance ETFs, a leading innovator in thematic and income-based exchange-traded funds (ETFs), is excited to announce the renaming and strategy update for its suite of Daily Options Income ETFs to better reflect the adoption of same-day expiration options (0DTE) and an enhanced income strategy.
Neutral
Seeking Alpha
3 months ago
QQQY: Unsupported 105% Distribution Rate From This Nasdaq Fund
QQQY employs a cash-secured puts strategy, which involves selling put options on the Nasdaq 100 index and holding cash as collateral. This strategy aims to generate income from option premiums. I criticize QQQY's high distribution rate, which is primarily composed of return of capital. The ETF is distributing more than it earns, leading to capital erosion over time. The Fund has performed reasonably well in a rising market, but may face challenges in a declining market, mirroring the index performance.
Neutral
GlobeNewsWire
3 months ago
Tidal Financial Group Announces Name Changes and Enhanced Options Strategies for Defiance ETFs
NEW YORK, Sept. 11, 2024 (GLOBE NEWSWIRE) -- Tidal Financial Group is pleased to announce upcoming changes effective September 26, 2024, to enhance the offerings of three Defiance ETFs:
Positive
Seeking Alpha
3 months ago
QQQY: Surprisingly Solid Strategy But Overambitious Distributions
QQQY's strategy of selling 0DTE put options on the NASDAQ 100 has shown profitability, but its 90% distribution rate erodes NAV significantly. The fund's 0.25% daily income target is overly ambitious, leading to steep NAV declines, especially on distribution dates. Reinvesting a portion of distributions can mitigate NAV loss, but it introduces volatility and inconsistency in distributions, which may not suit all investors.
Neutral
GlobeNewsWire
4 months ago
Defiance ETFs Announces Monthly Distributions on $QQQY (105.45%), $JEPY (72.04%), $IWMY (110.96%), $SPYT (20.12%), $USOY (75.17%), and $QQQT (20.06%)
Defiance ETFs Announces Monthly Distributions on $QQQY (105.45%), $JEPY (72.04%), $IWMY (110.96%), $SPYT (20.12%), $USOY (75.17%), and $QQQT (20.06%).
Neutral
GlobeNewsWire
5 months ago
Defiance Announces 1-for-3 Reverse Stock Split of QQQY, JEPY, and IWMY ETFs
CHICAGO and MILWAUKEE and NEW YORK, July 17, 2024 (GLOBE NEWSWIRE) -- Tidal Financial Group announced today that the Board of Trustees of Tidal Trust II has approved a one-for-three (1-for-3) reverse split of the Defiance QQQY, JEPY, and IWMY ETFs.
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