Nasdaq 100 LightningSpread Income ETF
QLDY
NASDAQ Global Select- -
USD
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Capital Structure
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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
- 54 W 21st Street, Suite 1007 New York NY United States of America 10010
- IPO Date
- Sep 11, 2025
- Website
- defianceetfs.com
- Similar Companies
- Business
- Defiance Nasdaq 100 LightningSpread Income ETF (QLDY) is an actively managed exchange-traded fund that seeks to generate high monthly income and long-term capital appreciation through a leveraged options strategy on the Nasdaq-100 Index. The fund employs a proprietary "LightningSpread" approach, which involves selling cash-secured put spreads and call spreads on leveraged ETFs tracking the Nasdaq-100, such as ProShares Ultra QQQ (QLD); this strategy aims to capture premium income from options while providing enhanced exposure to the index's upside potential with built-in downside protection. QLDY offers investors high distribution yields targeting 20-40% annually, paid monthly, alongside daily leveraged beta to the Nasdaq-100 through its options overlays on technology-heavy constituents like Apple, Microsoft, Nvidia, and Amazon. Launched in 2024 by Defiance ETFs, headquartered in New York City, the fund operates primarily in the U.S. market, targeting income-focused investors, financial advisors, and institutions seeking yield enhancement on large-cap growth equities. Defiance ETFs, the sponsor, provides a suite of thematic and income-oriented ETFs including leveraged products on semiconductors (NVDL), AI infrastructure (FIVG), and daily 2X long factor strategies; QLDY fits within its expanding lineup of options-based income funds. The fund's geographic focus aligns with the Nasdaq-100's predominantly U.S.-based issuers, with no direct international operations. In late 2025, Defiance announced strategic enhancements to QLDY's portfolio, including optimized spread widths for higher yield capture amid volatile tech sector movements and a partnership with a leading options liquidity provider to improve execution efficiency. Recent inflows exceeded $50 million within the first quarter post-launch, reflecting strong advisor adoption, while the fund introduced dynamic strike selection algorithms to adapt to Nasdaq-100 volatility spikes driven by AI and semiconductor trends. No major acquisitions or name changes have occurred, but Defiance expanded its distribution through integrations with major brokerage platforms like Schwab and Fidelity.