Key stats
About YieldMax Ultra Short Option Income Strategy ETF
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Inception date
Aug 20, 2025
Structure
Open-Ended Fund
Replication method
Synthetic
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
ISIN
US88636R6779
SLTY pursues a strategy to collect option premiums and profit from the decline of a handful of US stocks. The ETF executes its strategy in two main ways, it constructs a short portfolio of 15-30 selected US equities, ETFs, or equivalent products, either by directly shorting the underlying security or by using derivatives (options) to create synthetic (indirect) short positions. Selection focuses on securities with high implied volatility, as these present greater potential for income from options premiums. The options strategy aims to generate income by selling put and call options on the shorted securities or relevant ETFs, potentially collecting premiums. The fund actively manages various options strategieslike spreads, covered puts/calls, and calendar tradesto balance risk, income, and exposure to market declines.
Related funds
Classification
What's in the fund
Exposure type
Cash
Mutual fund
Stock breakdown by region
Top 10 holdings
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.
SLTY trades at 49.15 USD today, its price has risen 0.85% in the past 24 hours. Track more dynamics on SLTY price chart.
SLTY assets under management is 6.07 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.
SLTY fund flows account for 6.20 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.
SLTY invests in cash. See more details in our Analysis section.
SLTY expense ratio is 1.14%. 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.
SLTY is an inverse fund, meaning it's structured to generate returns opposite to the trends of the underlying index or assets.
No, SLTY doesn't pay dividends to its holders.
SLTY trades at a premium (0.16%).
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.
SLTY shares are issued by Toroso Investments Topco LLC
SLTY 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 Aug 20, 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.