GraniteShares Expands YieldBOOST Family with Launch of YSPY and TQQY ETFs
Posted:New YieldBOOST ETFs Seek To Provide Yields Available From Options Linked To S&P 500 And Nasdaq 100 ETFs
NEW YORK, Feb. 26, 2025 (GLOBE NEWSWIRE) -- GraniteShares, a leading ETF issuer known for its distinctive investment solutions, today announced the expansion of its innovative YieldBOOST ETF family with the launch of the GraniteShares YieldBOOST SPY ETF (NASDAQ: YSPY) and the GraniteShares YieldBOOST QQQ ETF (NASDAQ: TQQY). These new ETFs offer investors a differentiated approach to generating yield from options and exposure to the Direxion Daily S&P 500® Bull 3x Shares (SPXL) and ProShares UltraPro® QQQ (TQQQ) respectively.
Unlike traditional yield-focused strategies that rely primarily on selling calls, the YieldBOOST ETFs utilize a unique options-based methodology which includes selling put options designed to maximize income potential while maintaining exposure to the underlying ETFs. YSPY and TQQY provide “enhanced yield” opportunities for investors seeking income-generating alternatives in today’s evolving market landscape.
“Investors are increasingly looking for differentiated yield solutions while the outlook for interest rates remains uncertain” said Will Rhind, Founder and CEO of GraniteShares. “With the success of our YieldBOOST ETF family, we are excited to introduce YSPY and TQQY, offering an innovative, income-focused solution for investors seeking current income and exposure to the ProShares UltraPro® QQQ (TQQQ) and Direxion Daily S&P 500® Bull 3x Shares (SPXL).”
A New Approach to Income Generation
The GraniteShares YieldBOOST ETFs provide access to:
- Primary Objective: Both Funds’ primary investment objective is to seek current income.
- Secondary Objective:
- The GraniteShares YieldBOOST SPY ETF’s secondary investment objective is to seek exposure to the Direxion Daily S&P 500® Bull 3x Shares (SPXL) subject to a limit on potential investment gains.
- The GraniteShares YieldBOOST QQQ ETF’s secondary investment objective is to seek exposure to the ProShares UltraPro® QQQ (TQQQ) subject to a limit on potential investment gains.
- Enhanced Yield Strategy: Unlike traditional covered call strategies, these YieldBOOST ETFs employ a distinctive options framework utilizing put option selling to optimize income potential.
- High Conviction Execution: Staying true to GraniteShares’ ethos of high-conviction ETF solutions, YSPY and TQQY attempt to deliver differentiated strategies tailored to income-seeking investors.
The launch of YSPY and TQQY marks another step in GraniteShares’ commitment to providing innovative ETF solutions that align with investor demand for high-yielding strategies in today’s market environment.
For more information on the new GraniteShares YieldBOOST ETFs, visit www.graniteshares.com.
About GraniteShares
GraniteShares is an entrepreneurial ETF provider focused on high-conviction investment solutions. The firm offers a range of innovative ETFs spanning leveraged, inverse, and high-yield strategies, empowering investors with differentiated tools for portfolio construction. Founded in 2016, GraniteShares has grown rapidly by delivering cutting-edge solutions tailored to modern market needs. For more information, visit www.graniteshares.com.
A call option is a financial contract that gives the buyer the right, but not the obligation, to purchase a specific asset at a predetermined price (strike price) within a specified time frame, potentially profiting from price increases while limiting downside risk.
An option is a sophisticated financial instrument that grants the holder the right, but not the obligation, to buy (call) or sell (put) an underlying asset at a predetermined price within a specific timeframe, enabling strategic leverage and risk management in volatile markets.
A covered call strategy is a conservative options trading technique where an investor, who owns shares of a particular stock, sells call options on those same shares, potentially generating additional income through option premiums while limiting upside potential if the stock price surpasses the option's strike price.
GraniteShares YieldBOOST
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RISK FACTORS AND IMPORTANT INFORMATION
This material must be preceded or accompanied by a Prospectus. Carefully consider the Fund’s investment objectives risk factors, charges and expenses before investing. Please read the prospectus before investing.
The Fund is not suitable for all investors. The investment program of the funds is speculative, entails substantial risks and include asset classes and investment techniques not employed by most ETFs and mutual funds. Investments in the ETFs are not bank deposits and are not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. The Fund is designed to be utilized only by knowledgeable investors who understand the potential consequences of seeking daily leveraged (2X) investment results, understand the risks associated with the use of leverage and are willing to monitor their portfolios frequently. For periods longer than a single day, the Fund will lose money if the Underlying Stock’s performance is flat, and it is possible that the Fund will lose money even if the Underlying Stock’s performance increases over a period longer than a single day. An investor could lose the full principal value of his/her investment within a single day.
The Fund seeks daily leveraged investment results and are intended to be used as short-term trading vehicles. This Fund attempts to provide daily investment results that correspond to the respective long leveraged multiple of the performance of its underlying stock (a Leverage Long Fund).
Investors should note that such Leverage Long Fund pursues daily leveraged investment objectives, which means that the Fund is riskier than alternatives that do not use leverage because the Fund magnifies the performance of its underlying stock. The volatility of the underlying security may affect a Funds' return as much as, or more than, the return of the underlying security.
Because of daily rebalancing and the compounding of each day’s return over time, the return of the Fund for periods longer than a single day will be the result of each day’s returns compounded over the period, which will very likely differ from 200% of the return of the Underlying Stock over the same period. The Fund will lose money if the Underlying Stock’s performance is flat over time, and as a result of daily rebalancing, the Underlying Stock volatility and the effects of compounding, it is even possible that the Fund will lose money over time while the Underlying Stock's performance increases over a period longer than a single day.
Shares are bought and sold at market price (not NAV) and are not individually redeemed from the ETF. There can be no guarantee that an active trading market for ETF shares will develop or be maintained, or that their listing will continue or remain unchanged. Buying or selling ETF shares on an exchange may require the payment of brokerage commissions and frequent trading may incur brokerage costs that detract significantly from investment returns.
An investment in the Fund involves risk, including the possible loss of principal. The Fund is non-diversified and includes risks associated with the Fund concentrating its investments in a particular industry, sector, or geographic region which can result in increased volatility. The use of derivatives such as futures contracts and swaps are subject to market risks that may cause their price to fluctuate over time. Risks of the Fund include Effects of Compounding and Market Volatility Risk, Leverage Risk, Market Risk, Counterparty Risk, Rebalancing Risk, Intra-Day Investment Risk, Other Investment Companies (including ETFs) Risk, and risks specific to the securities of the Underlying Stock and the sector in which it operates. These and other risks can be found in the prospectus.
This information is not an offer to sell or a solicitation of an offer to buy shares of any Funds to any person in any jurisdiction in which an offer, solicitation, purchase or sale would be unlawful under the securities laws of such jurisdiction. Please consult your tax advisor about the tax consequences of an investment in Fund shares, including the possible application of foreign, state, and local tax laws. You could lose money by investing in the ETFs. There can be no assurance that the investment objective of the Funds will be achieved. None of the Funds should be relied upon as a complete investment program.
The Fund is distributed by ALPS Distributors, Inc, which is not affiliated with GraniteShares or any of its affiliates ©2024 GraniteShares Inc. All rights reserved. GraniteShares, GraniteShares Trusts, and the GraniteShares logo are registered and unregistered trademarks of GraniteShares Inc., in the United States and elsewhere. All other marks are the property of their respective owners
