YieldMax Short NVDA Option Income Strategy ETF
DIPS
New York Stock Exchange Arca- -
USD
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- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Income
- Address
- 11755 Wilshire Blvd, Suite 2400 Los Angeles CA United States of America 90025
- IPO Date
- Jul 24, 2024
- Website
- yieldmaxetfs.com
- Similar Companies
- Business
- YieldMax Short NVDA Option Income Strategy ETF (DIPS) is an actively managed exchange-traded fund that seeks to generate current income through a synthetic covered put strategy on NVIDIA Corporation (NVDA) while providing indirect short exposure to NVDA's share price. The fund employs standardized exchange-traded and FLEX options, including short put positions and short call positions spread across various strike prices and expirations to produce income via option premiums and manage exposure to NVDA's total return performance. It invests substantially all of its assets in cash and U.S. Treasurys collateralizing these options contracts; distributions, if any, consist primarily of option income with potential return of capital. The ETF operates within the covered call and option income segment of the exchange-traded products industry, targeting investors seeking high monthly income with a bearish outlook on NVDA, a leading semiconductor company focused on graphics processing units and AI technologies. YieldMax ETFs are issued and managed by Tidal Investments LLC, with sub-advisory services provided by ZEGA Financial, LLC; the fund trades on U.S. exchanges and is available to retail and institutional investors globally through standard brokerage platforms. Launched in 2024, DIPS represents YieldMax's expansion into short option income strategies, complementing its suite of over 40 single-stock and sector-focused ETFs such as TSLY (Tesla), NVDY (NVIDIA long), and CONY (Coinbase). Recent developments include the November 2024 launch of DIPS amid heightened volatility in NVDA shares following AI market fluctuations, alongside YieldMax's strategic partnerships with Tidal for distribution and enhancements to its options-based ETF platform to include more inverse and short strategies. No major acquisitions, funding rounds, or reorganizations have been reported in the past 1-2 years, though the firm continues to innovate with new ETF filings targeting high-growth tech names. The fund is headquartered in Milwaukee, Wisconsin, under Tidal Investments LLC.