Cboe(R) Validus S&P 500(R) Dynamic PutWrite Index ETFCboe(R) Validus S&P 500(R) Dynamic PutWrite Index ETFCboe(R) Validus S&P 500(R) Dynamic PutWrite Index ETF

Cboe(R) Validus S&P 500(R) Dynamic PutWrite Index ETF

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Key stats


Assets under management (AUM)
‪23.45 M‬USD
Fund flows (1Y)
‪149.71 K‬USD
Dividend yield (indicated)
11.50%
Discount/Premium to NAV
0.03%
Shares outstanding
‪1.10 M‬
Expense ratio
0.64%

About Cboe(R) Validus S&P 500(R) Dynamic PutWrite Index ETF


Issuer
Toroso Investments Topco LLC
Brand
Validus
Inception date
Aug 9, 2023
Structure
Open-Ended Fund
Index tracked
CBOE Validus S&P 500 Dynamic PutWrite Index - Benchmark TR Gross
Replication method
Synthetic
Management style
Passive
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
US88636J8650
PUTD aims to generate income while reducing maximum drawdowns and volatility by utilizing a fully cash-secured short-put strategy. The underlying index consists of up to five different types of put options on the S&P 500 index (SPX), with the maximum loss potential in the strategy invested into one- and three-month US treasury bills. The index relies on dynamic option strike selection on the prevailing market volatility. Each one-month SPX put option has a strike price dependent on the current levels of implied volatility. The strategy tends to outperform when markets are in range-bound or slightly bullish states. The number of SPX puts sold is limited by the treasury bills to ensure full collateralization. On the third Friday of each month, the index reconstitutes and rolls an equal portion of the portfolio during each of the following five trading days. Note that the funds returns are limited to the amount of the option premiums and the interest from US treasuries.

Broaden your horizons with more funds linked to PUTD via country, focus, and more.

Classification


Asset Class
Equity
Category
Size and style
Focus
Large cap
Niche
Broad-based
Strategy
Buy-write
Geography
U.S.
Weighting scheme
Fixed
Selection criteria
Fixed
What's in the fund
Exposure type
Bonds, Cash & Other
Government
Stock breakdown by region
100%
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
Displays a symbol's price movements over previous years to identify recurring trends.

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.
PUTD trades at 21.38 USD today, its price has risen 0.23% in the past 24 hours. Track more dynamics on PUTD price chart.
PUTD net asset value is 21.36 today — it's risen 1.91% 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.
PUTD assets under management is ‪23.45 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.
PUTD price has risen by 1.59% over the last month, and its yearly performance shows a −6.98% decrease. See more dynamics on PUTD price chart.
NAV returns, another gauge of an ETF dynamics, showed a 6.14% increase in three-month performance and has increased by 12.97% in a year.
PUTD fund flows account for ‪149.71 K‬ 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.
PUTD invests in bonds. See more details in our Analysis section.
PUTD expense ratio is 0.64%. 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, PUTD isn't leveraged, meaning it doesn't use borrowings or financial derivatives to magnify the performance of the underlying assets or index it follows.
In some ways, ETFs are safe investments, but in a broader sense, they're not safer than any other asset, so it's crucial to analyze a fund before investing. But if your research gives a vague answer, you can always refer to technical analysis.
Today, PUTD technical analysis shows the buy rating and its 1-week rating is buy. Since market conditions are prone to changes, it's worth looking a bit further into the future — according to the 1-month rating PUTD shows the buy signal. See more of PUTD technicals for a more comprehensive analysis.
Yes, PUTD pays dividends to its holders with the dividend yield of 11.50%.
PUTD trades at a premium (0.03%).
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.
PUTD shares are issued by Toroso Investments Topco LLC
PUTD follows the CBOE Validus S&P 500 Dynamic PutWrite Index - Benchmark TR Gross. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
The fund started trading on Aug 9, 2023.
The fund's management style is passive, meaning it's aiming to replicate the performance of the underlying index by holding assets in the same proportions as the index. The goal is to match the index's returns.