YieldMax Ultra Option Income Strategy ETF (ULTY)

YieldMax Ultra Option Income Strategy ETF (ULTY) is an exchange-traded fund in the Derivative Income category. It has $703.77M in assets, an expense ratio of 1.30% and a 25.66% dividend yield. The fund is an actively managed exchange-traded fund that seeks current income while providing direct and/or indirect exposure to the share price of select U.S. listed securities, subject to a limit on potential investment gains. It uses both traditional and synthetic covered call strategies that are designed to produce higher income levels when the underlying securities experience more volatility. The fund is non-diversified.