Yieldmax Feat FivyYM Feat and FIVY ETFs launched today
using the Dorsey Wright Point and Figure Strategy.
I don't know how to Read it and traded it but this is what a point and figure chart looks like.
Key stats
About YieldMax Dorsey Wright Featured 5 Income ETF
Expense ratio
1.28%
Home page
Inception date
Dec 17, 2024
FEAT tracks an index of ETFs based on a proprietary momentum rating methodology. The fund selects five ETFs that provide exposure to a specific stock or one or more ETFs. Each underlying ETFs synthetic covered call strategy comprise of synthetic long exposure, covered call writing, credit call spreads, and US Treasuries as collateral. The fund identifies high-momentum securities with potential for strong returns from YieldMax, excluding certain fund-of-funds and those seeking short exposure. The methodology uses Point & Figure charting that emphasizes significant price trends and removes short-term noise. The fund then ranks securities by buy signal frequency, prioritizing those with the strongest positive momentum. The covered call strategy limits participation in potential gains if shares increase in value. The index is rebalanced and reconstituted each month, assigning each security 20% or equal weights.
Classification
What's in the fund
Exposure type
ETF
Stock breakdown by region
Displays a symbol's price movements over previous years to identify recurring trends.