YieldMax GME Option Income Strategy ETF (GMEY) is an actively managed exchange-traded fund that seeks current monthly income through an options-based strategy involving the sale or writing of call options on GameStop Corp. (GME) common stock, while providing capped exposure to GME share price gains; the fund does not invest directly in GME shares or entitle shareholders to GME dividends or distributions. GMEY collateralizes its options positions primarily with cash and U.S. Treasuries, generating income from option premiums that may include ordinary dividends, capital gains, or return of capital; its secondary objective involves limited participation in GME's upside potential, subject to full downside exposure and high portfolio turnover. The fund operates within the YieldMax ETFs suite, advised by Tidal Investments LLC with sub-advisory, administrative, and custodial services from U.S. Bank entities, distributed by Foreside Fund Services, LLC, and headquartered in Milwaukee, Wisconsin through Tidal Financial Group, founded in 2012.
Launched on September 9, 2025, as the newest addition to the YieldMax family alongside the YieldMax Reddit Option Income Strategy ETF (RDYY), GMEY marked a strategic expansion into option income strategies tied to volatile retail and social media stocks. In October 2025, YieldMax announced a transition to weekly distributions for most ETFs, including GMEY as part of Group C (excluding Target 12 series), consolidating declaration schedules to enhance investor accessibility and income predictability. Recent distributions, such as the December 10, 2025 payout comprising 96.44% return of capital and 3.56% income, underscore the fund's variable yield profile amid ongoing market volatility in GME.