Exchange Traded Concepts Announces Launch of xETFs NVDA Daily Income ETF (NYSE: NYYY) and xETFs TSLA Daily Income ETF (NYSE: TYYY) with xETFs
you are currently viewing:Exchange Traded Concepts Announces Launch of xETFs NVDA Daily Income ETF (NYSE: NYYY) and xETFs TSLA Daily Income ETF (NYSE: TYYY) with xETFsMay 15, 2026-Exchange Traded Concepts, LLC ("ETC") today announced, in conjunction with xETFs, the launch of the xETFs NVDA Daily Income ETF (NYSE: NYYY) and the xETFs TSLA Daily Income ETF (NYSE: TYYY), actively managed exchange-traded funds that seek to provide exposure to the price movements of NVDA and TSLA, respectively, while generating current income through a daily synthetic covered call strategy. The Funds began trading on the New York Stock Exchange ARCA on May 15, 2026. "These Funds are designed to give shareholders an efficient, income-oriented way to access the return potential of two of the market's most closely followed growth companies," says Garrett Stevens, Co-Founder and Chief Business Officer of Exchange Traded Concepts. "By combining targeted single-stock exposure with a systematic options strategy, the Funds seek to deliver a differentiated outcome: meaningful participation in NVDA and TSLA price movements while pursuing regular weekly distributions. We believe this structure gives investors a powerful tool to express high-conviction views, enhance portfolio income potential, and access innovative equity strategies in the familiar ETF wrapper." Source: Exchange Traded Concepts, LLC |
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