Tidal Financial Group has just announced the launch of two new ETFs with the goal of achieving attractive yields. The funds are called, the YieldMax TSLA Option Income Strategy ETF (TSLY) and the YieldMax Innovation Option Income Strategy ETF (OARK). Both funds will track a synthetic covered call strategies for Tesla (TSLA) and the ARK Innovation ETF (ARKK). The decision to launch the two funds comes at a time when yields have never been more important. Each seeks to offer positive yields while capitalizing on the volatility of their respective securities.
ETF Newz Says:
The two launches mark the first funds in Tidal’s new YieldMax suite.
