Oil Enhanced Options Income ETF
USOY
NASDAQ Global Select- -
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
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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
- United States of America
- IPO Date
- May 10, 2024
- Website
- defianceetfs.com
- Similar Companies
- Business
- Defiance Oil Enhanced Options Income ETF (USOY) is an actively managed exchange-traded fund that seeks current income through a put options overlay strategy while providing indirect exposure to the share price of United States Oil Fund, LP (USO), which tracks short-term futures contracts on West Texas Intermediate (WTI) crude oil; the fund sells at-the-money or up to five percent in-the-money put options on USO at least weekly to generate premiums for income and potential intrinsic value upside if USO's price rises, stays flat, or declines slightly by less than the premium received. USOY's portfolio primarily consists of short-term U.S. Treasury securities, including Treasury bills and notes maturing between 2026 and 2031, alongside cash equivalents, USO put options, and money market funds such as the First American Government Obligations Fund; it distributes income weekly, with a trailing twelve-month yield exceeding 100% and recent ex-dividend dates including November 6, 2025, and an annualized distribution rate of approximately 52% as of November 2025. Launched on May 9, 2024, and domiciled in the United States, USOY trades on the Nasdaq and is issued by Defiance ETFs LLC, with investment advisory services provided by Toroso Investments, LLC, and sub-advisory by ZEGA Financial, LLC; the fund targets income-seeking investors exposed to oil price volatility without direct commodity ownership, operating primarily in U.S. markets. In a notable development, USOY marked the first-ever oil enhanced options income ETF upon its inception in May 2024, amid expectations of oil price rallies due to Middle East tensions, with manager additions including Christopher Mullen in December 2024; the fund has maintained weekly distributions throughout 2025, including elevated payouts earlier in the year such as $0.7695 in June and ongoing adjustments reflecting options premiums and market conditions, while assets under management reached approximately $52 million by late 2025.