Harvest Coinbase Enhanced High Income Shares ETF Trust Unit A
CNYE.TO
Toronto Stock Exchange- -
CAD
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Capital Structure
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in mil. unless spec.Quarterly Earnings Per Share
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- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 610 Chartwell Road, Suite 204 Oakville ON Canada L6J 4A5
- IPO Date
- Mar 5, 2025
- Website
- harvestportfolios.com
- Similar Companies
- Business
- The fund seeks to provide long-term capital appreciation by investing on a leveraged basis in Coinbase Global, Inc. (ticker: COIN) shares and high monthly cash distributions. The actively managed ETF also employs an active covered call strategy, reviewed monthly, on up to 50% of the portfolio. Call options are typically written at-the-money, but the manager may write out-of-the-money options at its discretion. This strategy limits participation in potential gains in exchange for income. The fund may invest up to 100% of its assets directly or indirectly in COIN shares and could apply a modest leverage of around 25%. Aside from the leverage, compared to traditional ETFs, the shares take on added volatility due to the lack of diversification. Purchasers should conduct their own stock research before initiating a position and trade with conviction.