Key stats
About Defiance Gold Enhanced Options Income ETF
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Inception date
Apr 1, 2025
Structure
Open-Ended Fund
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
GLDY aims to generate monthly income through risk exposure to shares of GLD, a fund that tracks the gold spot price using physically held gold bars in London vaults. At least once a week, GLDY sells put options priced at-the-money or 0%-5% in-the-money, which places a cap on potential gains. The strategy may profit when GLDs share price increases, stays flat, or decreases slightly. However, the fund is subject to all potential losses if GLDs share price declines significantly, which may not be offset by the income received. The fund seeks to outperform relative to traditional option-based strategies with a typical duration of less than one week. GLDY does not invest directly in gold bullion or the underlying ETP. Due to the nature of its options strategy, the fund may occasionally hold GLD shares intending to be sold within the day to avoid tax implications. The fund will hold short-term US Treasurys as collateral. There is no guarantee the strategy will result in higher income.
Classification
What's in the fund
Exposure type
Government
Mutual fund
Bonds, Cash & Other100.00%
Government63.12%
Mutual fund38.90%
Rights & Warrants−0.00%
Cash−2.02%
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
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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.
GLDY trades at 19.02 USD today, its price has fallen −0.55% in the past 24 hours. Track more dynamics on GLDY price chart.
GLDY net asset value is 18.98 today — it's fallen 2.76% 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.
GLDY assets under management is 1.42 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.
GLDY fund flows account for 1.50 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.
GLDY invests in bonds. See more details in our Analysis section.
GLDY expense ratio is 0.99%. 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, GLDY isn't leveraged, meaning it doesn't use borrowings or financial derivatives to magnify the performance of the underlying assets or index it follows.
Yes, GLDY pays dividends to its holders with the dividend yield of 38.07%.
GLDY trades at a premium (0.41%).
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.
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.
GLDY shares are issued by Toroso Investments Topco LLC
GLDY 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 Apr 1, 2025.
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.