Today is the day where the competition heats up for ultra high yield ETFs: REX Shares launched ULTI and Kurv launched KYLD. Both take unique approaches to generating high income while paying out weekly. Overall, competition is healthy and each fund can likely fit different investors’ goals alongside ULTY 0.00%↑ — which was up 1.85% today, significantly outperforming SPY 0.00%↑ and QQQ 0.00%↑.
👇 Scroll down for ULTI & KYLD holdings. 👇
We’ll be tracking all these ETFs moving forward, so stay tuned for a deeper dive in this weekend’s article.
Research Spotlight: Setting the record straight about the pros & cons of reverse splits based for high yield ETFs.
Note: Stock cashtags are real time — therefore, they won’t always match with the text
⚡ ULTY Highlights:
AUM: $2.49B
New Inflows (est): -$89.3M
Cash Balance: $374.2M
Options Credit/Debit: -$92.4k
New positions: N/A
Closed positions: RKT 0.00%↑
Top Increased (shares): N/A
Top Trimmed (shares): N/A
Dashboard view:
On mobile? Pinch-zoom to view images at a larger size.
View the full Google Sheets tracker: ULTY 🔗
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Note: Limited data is available since it is launch day.
🔥 ULTI Highlights
Launch price: $25
Strategy: Iron condor options layered on top of 20 core holdings
First Distribution: Nov 14th (need to own by 11/12)
AUM: $5M
Cash: $941.4k
Top Positions:
🤖 KYLD Highlights
Launch price: $25
Strategy: Partial-covered calls on 5 out of 20 underlying holdings, plus 1 long call.
First Distribution: TBD
AUM: $500k
Cash: $52k
Top Positions:
🧂 SLTY Highlights:
AUM: $20.5M
New Inflows (est): $2.8M
Options Credit/Debit: $76.8k
New positions:
Closed positions:
Top Increased (shares): N/A
Top Trimmed (shares): N/A
Dashboard view:
On mobile? Pinch-zoom to view images at a larger size.
View the full Google Sheets tracker: SLTY 🔗
🍳 EGGY & EGGS Highlights:
No major updates to report.