- Sector
- Financial Services
- Industry
- Asset Management - Leveraged
- Address
- 11755 Wilshire Blvd, Suite 2400 Los Angeles CA United States of America 90025
- IPO Date
- Mar 11, 2024
- Business
- YieldMax Short TSLA Option Income Strategy ETF (NYSE Arca: CRSH), launched on May 1, 2024, is an actively managed exchange-traded fund that seeks current monthly income through a synthetic covered put strategy collateralized by U.S. Treasurys, while providing indirect short exposure to the share price of Tesla, Inc. (TSLA); the fund employs both standardized exchange-traded and FLEX options, including the sale of put options on TSLA and the purchase of out-of-the-money (OTM) call options to cap potential losses from significant TSLA price gains; its holdings primarily consist of U.S. Treasury notes and bills, TSLA put options, and offsetting call options, with a net expense ratio of 1.14%.
CRSH operates within the derivatives and options-based ETF segment of the investment management industry, targeting investors seeking high income yields and inverse exposure to TSLA's performance in the consumer discretionary and automobiles sector; distributions are paid monthly, often comprising option income, ordinary dividends, capital gains, and return of capital; the fund is issued under Tidal Trust II (now associated with Tidal Financial Group), with YieldMax serving as the adviser based in Chicago and Milwaukee, Wisconsin; sub-administrator, fund accountant, transfer agent, and custodian services are provided by U.S. Bank entities in Milwaukee, Wisconsin.
Recent major changes include a 1-for-10 reverse stock split effective December 2, 2025, announced in late November 2025 by the Board of Trustees of Tidal Trust II to adjust share structure after market close on December 1, 2025; YieldMax expanded its broader product lineup with the launch of the Performance & Distribution Target 25 ETF family in November 2025, targeting 25% annualized distribution levels through weekly payouts and synthetic long option strategies on stocks like MSTR and NVDA; additionally, YieldMax entered Europe in March 2025 via a partnership with HANetf for its first UCITS ETF, YMAG, listed on the London Stock Exchange, Xetra, and Borsa Italiana.