YieldMax Magnificent 7 Fund of Option Income ETFs (YMAG) Stock Price Today & Analysis

YMAG
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Valuation

Market capN/A
Price-to-sales ratioN/A
Price-to-book valueN/A
Price-earnings ratio0.00
Return on EquityN/A
Return on SalesN/A
Return on AssetsN/A
PEG ratioN/A

Earnings Per Share

Earnings Per ShareN/A

Income Statement

Average volume916,469
EBITDAN/A
1 year high (52w)$19.09
1 year low (52w)$12.85

Dividend

Dividend yield51.78%

Solvency

Debt-to-equity ratioN/A

About YieldMax Magnificent 7 Fund of Option Income ETFs

YMAG is a fund-of-funds that invests in YieldMax ETFs, each providing exposure to the Magnificent Seven. These tech stocks are considered market leaders due to their heavy weighting in major large-cap indexes. The underlying ETFs aim to generate monthly income while providing exposure to the price returns of a specific security, subject to a cap on potential investment gains. They utilize a synthetic covered call strategy via standardized exchange-traded and FLEX options, consisting of synthetic long exposure, covered call writing, and US Treasurys as collateral. The strategy limits participation in potential gains when shares increase in value, as well as exposes investors to the stocks downside. The underlying funds do not directly invest in stocks. Hence, investors are not entitled to dividends from the underlying securities. The fund may incorporate tax loss harvesting by exiting an ETF when incurring substantial losses. The equal-weighted portfolio is rebalanced monthly.

FAQ

You can easily purchase YieldMax Magnificent 7 Fund of Option Income ETFs (YMAG) shares through the Gotrade app. Simply download the app, set up your account, fund it, and then search for the 'YMAG' ticker to begin your investment journey.
At Gotrade, you can kickstart your investment in YieldMax Magnificent 7 Fund of Option Income ETFs with as little as $1.
Absolutely. Brokerage services on Gotrade Indonesia are provided by PT Valbury Asia Futures, a licensed futures and commodities broker registered with and supervised by the Indonesian Financial Services Authority (OJK).
Yes. Gotrade provides access to U.S. stocks from Indonesia through fully backed shares. This is facilitated through a cross-border order routing scheme for foreign stock derivative contracts (PALN), in accordance with regulations from Bappebti (the Commodity Futures Trading Regulatory Agency).
When you trade, you enter into a contract with PT Valbury Asia Futures (Valbury), a Bappebti-registered broker in Indonesia. Valbury, in turn, fully backs its contracts 1-for-1 with Alpaca Securities LLC, a FINRA-licensed broker-dealer in the United States. For every share (or fraction thereof) you hold on Gotrade, a corresponding share is held by Valbury in a separate, segregated brokerage account at Alpaca Securities LLC.
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