TSPY Lift ETF TSYX | NASDAQ

Company Info

TSPY Lift ETF (TSYX) had its IPO on , and is traded on NASDAQ stock exchange.

The TSPY Lift ETF is an actively managed exchange-traded fund that delivers 1.3x leveraged daily exposure to the TappAlpha SPY Growth & Daily Income ETF's strategy. By combining leverage with a sophisticated options-based approach, the fund aims to amplify participation in both growth and income generation from S&P 500 equities. The fund employs swap agreements and FLEX options to achieve its leveraged exposure while maintaining the same underlying fintech-enabled investment framework as its parent fund. This daily options strategy involves writing same-day expiring covered calls on the S&P 500 to capture time decay benefits while seeking capital appreciation. The TSPY Lift ETF is specifically designed for sophisticated, active investors and traders who understand and accept elevated volatility and risk. Daily rebalancing creates path dependency, meaning returns over longer periods may differ significantly from the underlying fund due to compounding effects. The fund makes frequent distributions to shareholders, though these may include return of capital that reduces net asset value over time.

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