YieldMax RDDT Option Income Strategy ETF
RDYY
New York Stock Exchange Arca- -
USD
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- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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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
- Aug 25, 2025
- Website
- yieldmaxetfs.com
- Similar Companies
- Business
- YieldMax RDDT Option Income Strategy ETF (RDYY) is an actively managed exchange-traded fund that seeks to generate monthly income through a synthetic covered call strategy on Reddit, Inc. (RDDT) stock, utilizing standardized exchange-traded and FLEX options, synthetic long exposure, covered call writing, and U.S. Treasurys for collateral; the fund does not invest directly in RDDT shares and caps potential gains while exposing investors to full downside risk. Its primary objective is current income, with a secondary aim of limited exposure to RDDT's share price appreciation, targeting retail and institutional investors seeking high-yield options strategies in the social media and technology sectors. RDYY trades on the NYSE Arca exchange with a management fee of 0.99% and is part of the broader YieldMax family of over 60 single-issuer option income ETFs managed by Tidal Investments LLC as adviser, with Toroso Investments as sub-adviser, distributed by Foreside Fund Services, LLC, and headquartered in Chicago, Milwaukee, and New York. Launched on September 8, 2025, RDYY represents YieldMax's expansion into options strategies tied to RDDT, complementing its portfolio of similar ETFs on underlying securities like TSLA, NVDA, AMZN, and others. Recent developments include its inclusion in YieldMax's Group 2 weekly distribution announcements, with payouts such as $0.22 per share in October 2025 (29.21% distribution rate) and ongoing monthly income targeting, alongside YieldMax's broader European expansions via UCITS ETFs like YMAG and MSTY launched in partnership with HANetf in 2025. The fund maintains high portfolio turnover for active options management and announced its first distribution schedule for October 1, 2025, emphasizing non-guaranteed yields that may include return of capital. YieldMax continues to grow its offerings without direct affiliations to underlying issuers like Reddit, Inc., focusing on U.S. and select international markets through strategic launches.