YieldMax Ultra Option Income Strategy ETF (ULTY)
ARCA ARCA Primary 
ULTY: A New YieldMax Option ETF Yielding Over 100%
YieldMax Ultra Option Income Strategy ETF has yielded over 100% since its IPO but has also experienced a price decline of $5.77, resulting in a total return of -9.84%. The ULTY ETF's primary investment objective is to seek current income, and its secondary objective is to seek exposure to the share price of select U.S.-listed securities. ULTY pays a monthly distribution, with the most recent distribution resulting in a forward dividend yield of 103.78% and a trailing yield of 101.76%.
ULTY: That High Yield Has A High Cost
YieldMax Ultra Option Income Strategy ETF writes simulated covered calls against a changing list of about 15 stocks with high implied volatility. The fund's strategy of ignoring fundamentals and only focusing on IV exposes investors to significant risk, as high-volatility stocks can experience large price swings that may result in losses. ULTY has already experienced a decline in price and NAV since its inception, and its performance has been worse than other YieldMax funds.
