Defiance S&P 500 Income Target ETFSPYT
SPYT
0
Funds holding %
of 7,419 funds
–
Analysts bullish %
Fund manager confidence
Based on 2024 Q4 regulatory disclosures by fund managers ($100M+ AUM)
80% more funds holding
Funds holding: 5 [Q3] → 9 (+4) [Q4]
31% more capital invested
Capital invested by funds: $6.85M [Q3] → $8.97M (+$2.12M) [Q4]
2.45% less ownership
Funds ownership: 12.49% [Q3] → 10.04% (-2.45%) [Q4]
Research analyst outlook
We haven’t received any recent analyst ratings for SPYT.
Financial journalist opinion
Neutral
Seeking Alpha
1 month ago
High Yields Will Never Be The Same - Here's Why
High-yield investments like BDCs, MLPs, CEFs, and REITs offer substantial dividend yields, often overlooked by retail investors due to a lack of awareness. Option ETFs generate high income by writing options against equities, with some offering extreme yields, like Yieldmax MSTR Option Income Strategy ETF at 113%. These funds are for income generation, not total return or capital appreciation, and require a different evaluation lens than traditional investments.
Neutral
Seeking Alpha
1 month ago
Undercovered ETFs: Growth, Income, TIPS, Poland +
The 'Undercovered' Dozen series highlights 12 lesser-known ETFs offering potential investment opportunities for investors. Kurtis Hemmerling shares a bearish take on iShares Russell Top 200 Growth ETF due to poor factor implementation, despite its strong historical performance. Goldman Sachs Nasdaq-100 Core Premium Income ETF is given a buy from Jonathan Weber for income-oriented investors, combining a 10% dividend yield with tech exposure.
Positive
Seeking Alpha
2 months ago
SPYT: Generating Income From S&P 500 Exposure
SPYT is an ETF that mimics the S&P 500's daily price while generating income through ATM options. The fund aims to provide a 20% annual dividend yield. The fund's ATM option strategy caps upside potential, leading to underperformance in bull markets compared to traditional ETFs like IVV. SPYT's short history and reliance on return of capital for distributions make its long-term resilience and NAV growth uncertain.
Positive
Seeking Alpha
2 months ago
SPYT: When NAV Erosion Undermines An Essentially Sound Options Strategy
The Defiance S&P 500 Target Income ETF (SPYT) offers monthly income and downside protection but caps upside potential, making it ill-suited to bullish markets. The ETF's strategy involves selling call spreads on the S&P 500, aiming for a 20% annualized payout, but it heavily relies on return of capital. Despite achieving its income target, SPYT's market price has significantly lagged behind its underlying asset, IVV, due to its options strategy and resulting high return of capital.
Positive
Seeking Alpha
2 months ago
XDTE Vs. SPYT, Which 0DTE ETF To Pick?
SPYT and XDTE ETFs both write 0DTE calls on the S&P 500, but SPYT uses call spreads, while XDTE uses slightly OTM calls. XDTE has outperformed SPYT since March 2024, delivering superior total returns and higher distribution yields. This suggests XDTE has a superior strategy. However, due to extended market valuations, I remain cautious on both ETFs and rate SPYT a hold.
Neutral
GlobeNewsWire
7 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
9 months ago
Defiance ETFs Announces Monthly Distributions on $QQQY (52.55%), $JEPY (33.76%), $IWMY (57.99%), $TRES (10.58%), $SPYT (20.00%), $USOY (75.00%), and QQQT (––).
MIAMI, June 28, 2024 (GLOBE NEWSWIRE) -- Defiance ETFs, a leader in thematic and income ETFs, is proud to announce monthly distributions for the QQQY - Defiance Nasdaq-100 Enhanced Options Income ETF, JEPY - Defiance S&P 500 Enhanced Options Income ETF, IWMY – Defiance R2000 Enhanced Options Income ETF, TRES – Defiance Treasury Alternative Yield ETF, SPYT – Defiance S&P 500 Target Income ETF, USOY – Defiance Oil Enhanced Options Income ETF, QQQT – Defiance Nasdaq 100 Income Target ETF. Distribution as of 06/28/2024 ETF Ticker Distribution per Share Distribution Rate * Ex-Date Record Date Payment Date QQQY $0.6573 52.55% 07/01/2024 07/01/2024 07/02/2024 JEPY $0.4619 33.76% 07/01/2024 07/01/2024 07/02/2024 IWMY $0.6983 57.99% 07/01/2024 07/01/2024 07/02/2024 TRES $0.1500 10.58% 07/01/2024 07/01/2024 07/02/2024 SPYT $0.3369 20.00% 07/01/2024 07/01/2024 07/02/2024 USOY $1.2365 75.00% 07/01/2024 07/01/2024 07/02/2024 QQQT –– –– –– –– –– As of 05/31/2024 the 30 Day SEC yield** for QQQY is 4.22%, JEPY is 4.21%, IWMY is 4.35%, TRES is 4.70%, SPYT is 0.61%, and QQQT is ––.
Positive
ETF Trends
1 year ago
Defiance Debuts New Options-Based ETF
On Tuesday, Defiance ETFs released a new addition to their options income ETF library with the Defiance S&P 500 Target Income ETF (NYSE Arca: SPYT). The new fund has an expense ratio of 1.05%.
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