Elevation Series Trust SRH REIT Covered Call ETFElevation Series Trust SRH REIT Covered Call ETFElevation Series Trust SRH REIT Covered Call ETF

Elevation Series Trust SRH REIT Covered Call ETF

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Key stats


Assets under management (AUM)
‪49.64 M‬USD
Fund flows (1Y)
‪−2.77 M‬USD
Dividend yield (indicated)
12.47%
Discount/Premium to NAV
0.08%
Shares outstanding
‪900.00 K‬
Expense ratio
0.75%

About Elevation Series Trust SRH REIT Covered Call ETF


Issuer
Paralel Technologies LLC
Brand
SRH
Inception date
Nov 1, 2023
Structure
Open-Ended Fund
Index tracked
No Underlying Index
Management style
Active
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
Paralel Advisors LLC
Distributor
Paralel Distributors LLC
SRHR aims to provide income by combining US REIT exposure with a strategic covered call writing strategy. The funds adviser considers both macroeconomic and industry trends when selecting positions for the funds portfolio. Securities are selected based on several quantitative and qualitative factors considered most favorable for long-term capital appreciation. The funds adviser employs a fundamental, bottom-up, value-driven evaluation process to select 20-30 individual REITs. US listed, exchange-traded or FLEX call options are tactically written against select securities in the portfolio to potentially generate additional income. There is no minimum or maximum portfolio value in which options are written. As an actively managed fund, the funds adviser has full discretion in managing the portfolio of individual REITs and call options.

Classification


Asset Class
Equity
Category
Sector
Focus
Real estate
Niche
REITs
Strategy
Active
Geography
U.S.
Weighting scheme
Proprietary
Selection criteria
Proprietary
What's in the fund
Exposure type
StocksBonds, Cash & Other
Finance
Stock breakdown by region
100%
Top 10 holdings
Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.

Broaden your horizons with more funds linked to SRHR via country, focus, and more.

Frequently Asked Questions


An exchange-traded fund (ETF) is a collection of assets (stocks, bonds, commodities, etc.) that track an underlying index and can be bought on an exchange like individual stocks.
SRHR trades at 53.20 USD today, its price has fallen −0.94% in the past 24 hours. Track more dynamics on SRHR price chart.
SRHR net asset value is 53.19 today — it's risen 0.55% over the past month. NAV represents the total value of the fund's assets less liabilities and serves as a gauge of the fund's performance.
SRHR assets under management is ‪49.64 M‬ USD. AUM is an important metric as it reflects the fund's size and can serve as a gauge of how successful the fund is in attracting investors, which, in its turn, can influence decision-making.
SRHR price has fallen by −0.54% over the last month, and its yearly performance shows a −2.73% decrease. See more dynamics on SRHR price chart.
NAV returns, another gauge of an ETF dynamics, showed a −4.73% decrease in three-month performance and has decreased by −2.74% in a year.
SRHR fund flows account for ‪−2.77 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.
Since ETFs work like an individual stock, they can be bought and sold on exchanges (e.g. NASDAQ, NYSE, EURONEXT). As it happens with stocks, you need to select a brokerage to access trading. Explore our list of available brokers to find the one to help execute your strategies. Don't forget to do your research before getting to trading. Explore ETFs metrics in our ETF screener to find a reliable opportunity.
SRHR invests in stocks. See more details in our Analysis section.
SRHR expense ratio is 0.75%. It's an important metric for helping traders understand the fund's operating costs relative to assets and how expensive it would be to hold the fund.
No, SRHR isn't leveraged, meaning it doesn't use borrowings or financial derivatives to magnify the performance of the underlying assets or index it follows.
In some ways, ETFs are safe investments, but in a broader sense, they're not safer than any other asset, so it's crucial to analyze a fund before investing. But if your research gives a vague answer, you can always refer to technical analysis.
Today, SRHR technical analysis shows the strong sell rating and its 1-week rating is strong sell. Since market conditions are prone to changes, it's worth looking a bit further into the future — according to the 1-month rating SRHR shows the strong sell signal. See more of SRHR technicals for a more comprehensive analysis.
Yes, SRHR pays dividends to its holders with the dividend yield of 12.47%.
SRHR trades at a premium (0.08%).
Premium/discount to NAV expresses the difference between the ETF’s price and its NAV value. A positive percentage indicates a premium, meaning the ETF trades at a higher price than the calculated NAV. Conversely, a negative percentage indicates a discount, suggesting the ETF trades at a lower price than NAV.
SRHR shares are issued by Paralel Technologies LLC
SRHR follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
The fund started trading on Nov 1, 2023.
The fund's management style is active, aiming to outperform its benchmark index by actively selecting and adjusting assets. The goal is to achieve returns that exceed those of the index the fund tracks.