Key stats
About Tidal Trust II YieldMax Short NVDA Option Income Strategy ETF
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Inception date
Jul 23, 2024
Structure
Open-Ended Fund
Replication method
Synthetic
Dividend treatment
Distributes
Distribution tax treatment
Ordinary income
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
Tidal Investments LLC
Distributor
Foreside Fund Services LLC
DIPS pursues monthly income and inverse exposure to Nvidia stock (NVDA). It employs a synthetic covered put strategy, leveraging options to achieve its objectives. The strategy places a cap on potential gains when the shares decrease in value. The approach involves selling NVDA call options and concurrently purchasing NVDA put options, typically with three- to six-month terms and at-the-money strike prices. Additionally, DIPS writes put options on NVDA to generate income, usually with contracts expiring within one month and strike prices approximately 0%-15% below the current NVDA share price. The fund holds short-term US Treasury securities as collateral. It also purchases out-of-the-money call options to manage potential losses from its short exposure to NVDA, especially in scenarios of significant stock appreciation. Note: DIPS does not directly invest in NVDA stocks, and investors are not entitled to any NVDA dividends.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Government
Cash
Bonds, Cash & Other100.00%
Government90.35%
Cash20.65%
Mutual fund0.11%
Rights & Warrants−11.11%
Stock breakdown by region
North America100.00%
Latin America0.00%
Europe0.00%
Asia0.00%
Africa0.00%
Middle East0.00%
Oceania0.00%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
DIPS last dividends amounted to 0.35 USD. The month before, the issuer paid 0.62 USD in dividends, which shows a 75.34% decrease.
DIPS assets under management is 11.48 M USD. It's risen 37.45% over the last month.
DIPS fund flows account for 19.84 M USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Yes, DIPS pays dividends to its holders with the dividend yield of 88.65%. The last dividend (May 23, 2025) amounted to 0.35 USD. The dividends are paid monthly.
DIPS shares are issued by Toroso Investments Topco LLC under the brand YieldMax. The ETF was launched on Jul 23, 2024, and its management style is Active.
DIPS expense ratio is 0.99% meaning you'd have to pay 0.99% of your investment to help manage the fund.
DIPS follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
DIPS invests in bonds.
DIPS price has fallen by −8.57% over the last month, and its yearly performance shows a −58.21% decrease. See more dynamics on DIPS price chart.
NAV returns, another gauge of an ETF dynamics, have fallen by −12.50% over the last month, showed a −19.50% decrease in three-month performance and has decreased by −15.15% in a year.
NAV returns, another gauge of an ETF dynamics, have fallen by −12.50% over the last month, showed a −19.50% decrease in three-month performance and has decreased by −15.15% in a year.
DIPS trades at a premium (0.35%) meaning the ETF is trading at a higher price than the calculated NAV.