Defiance Nasdaq 100 Enhanced Options Income ETFQQQY
QQQY
0
Funds holding %
of 7,327 funds
–
Analysts bullish %
Fund manager confidence
Based on 2025 Q1 regulatory disclosures by fund managers ($100M+ AUM)
2,684% more call options, than puts
Call options by funds: $2.7M | Put options by funds: $97K
200% more repeat investments, than reductions
Existing positions increased: 6 | Existing positions reduced: 2
0.91% less ownership
Funds ownership: 3.72% [Q4 2024] → 2.8% (-0.91%) [Q1 2025]
38% less funds holding
Funds holding: 21 [Q4 2024] → 13 (-8) [Q1 2025]
39% less capital invested
Capital invested by funds: $6.09M [Q4 2024] → $3.72M (-$2.37M) [Q1 2025]
70% less first-time investments, than exits
New positions opened: 3 | Existing positions closed: 10
100% less funds holding in top 10
Funds holding in top 10: 1 [Q4 2024] → 0 (-1) [Q1 2025]
Research analyst outlook
We haven’t received any recent analyst ratings for QQQY.
Financial journalist opinion
Neutral
Seeking Alpha
2 weeks ago
QQQY: Underperformance And Upcoming Change
QQQY's original put-write 0DTE strategy led to severe NAV erosion, underperformance, and a reverse split within its first year. The fund's high advertised yield (up to 39%) is unsustainable, largely funded by return of capital, eroding investor principal. QQQY is shifting to a daily call spread strategy similar to QDTE, aiming for a 30% yield and better index participation.
Positive
Seeking Alpha
2 months ago
QQQY's Strategic Shift: Analyzing The Potential Of The New Income Approach
QQQY will rebrand itself and change strategy around May 27, 2025. The new strategy involves maintaining long exposure to the Nasdaq 100 and writing daily call spreads, aiming for a 30% yield. This change aims to capture more upside potential, but may result in higher NAV erosion and increased volatility.
Positive
Zacks Investment Research
4 months ago
Will Any Kind of S&P 500 Rebound be Temporary? ETFs in Focus
Although the broader market is making efforts to rebound whenever possible, Goldman Sachs strategists believe such occasional rebounds are fleeting.
Neutral
Seeking Alpha
5 months ago
QQQY Vs. QDTE: Only One Of These 0DTE Funds Are Worthwhile
QQQY and QDTE both sell daily options, expiring "0DTE" or on the same day they are sold. The difference comes in how the funds manage their daily and overnight exposures, in which they differ greatly. Both funds have experienced price losses since their inceptions, indicating some NAV erosion, which is a red flag.
Negative
Seeking Alpha
6 months ago
QQQY: The Illusion Of A High Yield Comes With Tradeoffs
I maintain my sell rating on QQQY due to its continued price decline and inability to achieve an attractive total return. QQQY's high dividend yield of 39% is offset by a significant capital erosion. The fund's at-the-money option strategy and lack of underlying equities contribute to its weak total return compared to alternative option ETFs.
Neutral
Seeking Alpha
9 months ago
QQQY: A Closer Look Reveals A Flawed Income Strategy
QQQY's distribution rate includes a portion of capital returned to investors, which can influence how its distribution yield is perceived. The fund's short-put strategy limits upside potential, making it less effective in capturing gains from Nasdaq's growth. The Nasdaq's 37% return outpaced QQQY's 20% in the past year, primarily due to QQQY's limited upside potential and its allocation to low-interest government bonds.
Neutral
GlobeNewsWire
10 months ago
Defiance ETFs Announces Monthly Distributions on $QQQY (65.47%) $JEPY (49.19%) $IWMY (72.57%) $SPYT (20.02%) $USOY (48.25%) $QQQT (20.02%)
MIAMI, Sept. 30, 2024 (GLOBE NEWSWIRE) -- 09-30-2024 Distributions Ex & Record Date 10/1/2024.
Neutral
GlobeNewsWire
10 months ago
Defiance Announces Shift to Weekly Distributions and Name Change for 0DTE Income ETF Suite
MIAMI, Sept. 26, 2024 (GLOBE NEWSWIRE) -- Defiance ETFs, a leading innovator in thematic and income-based exchange-traded funds (ETFs), is excited to announce the renaming and strategy update for its suite of Daily Options Income ETFs to better reflect the adoption of same-day expiration options (0DTE) and an enhanced income strategy.
Neutral
GlobeNewsWire
10 months ago
Defiance Announces Shift to Weekly Distributions and Name Change for 0DTE Income ETF Suite
MIAMI, Sept. 26, 2024 (GLOBE NEWSWIRE) -- Defiance ETFs, a leading innovator in thematic and income-based exchange-traded funds (ETFs), is excited to announce the renaming and strategy update for its suite of Daily Options Income ETFs to better reflect the adoption of same-day expiration options (0DTE) and an enhanced income strategy.
Neutral
Seeking Alpha
10 months ago
QQQY: Unsupported 105% Distribution Rate From This Nasdaq Fund
QQQY employs a cash-secured puts strategy, which involves selling put options on the Nasdaq 100 index and holding cash as collateral. This strategy aims to generate income from option premiums. I criticize QQQY's high distribution rate, which is primarily composed of return of capital. The ETF is distributing more than it earns, leading to capital erosion over time. The Fund has performed reasonably well in a rising market, but may face challenges in a declining market, mirroring the index performance.
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