Defiance Treasury Alternative Yield ETF
TRES
NASDAQ Global Market- -
USD
- -
- -
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Bonds
- Address
- 234 West Florida Street Milwaukee NY United States of America 53204
- IPO Date
- Mar 27, 2014
- Similar Companies
- Business
- Defiance Treasury Alternative Yield ETF (TRES) is an actively managed exchange-traded fund that seeks to generate current income through investments in U.S. government securities, including U.S. Treasury bills, U.S. Treasury notes, and U.S. Treasury bonds with a targeted portfolio duration of one year or less; it employs various defined-risk option strategies such as credit spreads, debit spreads, long calls, and puts overlaid on short-duration U.S. Treasury exposure to enhance yield while limiting potential losses; and it tactically allocates assets, generally holding 2-5% in cash and cash equivalents, 80-100% in Treasuries, and up to 100% in options contracts using Treasuries as collateral. The ETF, issued under Tidal ETF Trust by Defiance ETFs—a sponsor founded in 2018 and headquartered in Miami, Florida—targets investors seeking stable, risk-adjusted income across varying interest rate environments by capitalizing on pricing discrepancies between options markets and underlying Treasury ETFs. In a significant operational change, Tidal ETF Trust's Board of Trustees approved the liquidation and closure of TRES in July 2024, with trading ceasing on NASDAQ after the close of regular trading on July 26, 2024, and final distributions to remaining shareholders occurring by July 31, 2024, due to factors in the best interest of the fund and its shareholders. Defiance ETFs operates primarily in the United States, focusing on retail and institutional investors interested in fixed income alternatives within the broader ETF market.