Defiance Nasdaq 100 Enhanced Options Income ETF

QQQY

Market cap $190M

Overview Fund Activity

25.70 USD

+0.05

0.19%

At close Updated Sep 16, 3:46 PM EDT

1 day

0.19%

5 days

0.9%

1 month

-0.31%

3 months

-0.7%

6 months

-6.38%

Year to date

-16.96%

1 year

-28.07%

5 years

-57.46%

10 years

-57.46%

0

Funds holding %

of 7,463 funds

–

Analysts bullish %

Fund manager confidence

Based on 2025 Q2 regulatory disclosures by fund managers ($100M+ AUM)

500% more first-time investments, than exits

New positions opened: 6 | Existing positions closed: 1

200% more repeat investments, than reductions

Existing positions increased: 6 | Existing positions reduced: 2

77% more capital invested

Capital invested by funds: $3.72M [Q1] → $6.57M (+$2.85M) [Q2]

38% more funds holding

Funds holding: 13 [Q1] → 18 (+5) [Q2]

1.2% more ownership

Funds ownership: 2.8% [Q1] → 4.0% (+1.2%) [Q2]

100% less call options, than puts

Call options by funds: $0 | Put options by funds: $488K

See Fund Rankings

Financial journalist opinion

31 Ideal 'Safer' Monthly Paying September Dividend Stocks And 80 Funds

Imagine stocks and funds paying you dividends monthly! Your angst awaiting dividend payout is reduced 300%, or more, compared to quarterly, semi-annual, or (ugh) annual doles! September U.S. exchange-traded-monthly-paid (MoPay) dividends, upsides, and net-gains include: 1. Stocks-by-yield (77); 2. Stocks-by price-upside (30); 3. Closed-End-Investments, Exchange-Traded-Funds & Notes (CEICs/ETFs/ETNs) by-yield >10% (80); 4. ‘Safer' Ideal-Dividend-Equities by Cash Flow Margins (31). Items: 1. Top MoPay stock gains; 2. Overall best MoPay gainers; 3. Funds vs. Equities; 4. Fund risks/rewards. 5. Safer Equity Rankings All per prices as of 8/29/25.

31 Ideal 'Safer' Monthly Paying September Dividend Stocks And 80 Funds

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.

QQQY: Underperformance And Upcoming Change

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.

QQQY's Strategic Shift: Analyzing The Potential Of The New Income Approach

Zacks Investment Research

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.

Will Any Kind of S&P 500 Rebound be Temporary? ETFs in Focus

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.

QQQY Vs. QDTE: Only One Of These 0DTE Funds Are Worthwhile

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.

QQQY: The Illusion Of A High Yield Comes With Tradeoffs

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.

QQQY: A Closer Look Reveals A Flawed Income Strategy

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.

Defiance ETFs Announces Monthly Distributions on $QQQY (65.47%) $JEPY (49.19%) $IWMY (72.57%) $SPYT (20.02%) $USOY (48.25%) $QQQT (20.02%)

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.

Defiance Announces Shift to Weekly Distributions and Name Change for 0DTE Income ETF Suite

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.

Defiance Announces Shift to Weekly Distributions and Name Change for 0DTE Income ETF Suite

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