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NVYY
GraniteShares YieldBOOST NVDA ETF
GraniteShares Advisors LLC
Verdict
Weighted score · Pro 🔒
Fund Identity
What it is, who runs it, where it lives.
The Fund's primary investment objective is to seek current income.
NVYY is an actively managed ETF that sells put options (or enters swap agreements referencing put options) on a 2x leveraged NVIDIA ETF (the Underlying NVDA ETF, such as NVDU, NVDX, or NVDL) to generate current income from option premiums. The Fund invests at least 80% of its net assets in derivatives contracts utilizing the Underlying NVDA ETF as the reference asset. It may use a Standard Strategy (selling put options outright) or a Defensive Strategy (put spreads), with maturities ranging from one week to one month and strike prices from 40% out-of-the-money to 10% in-the-money. Gains from increases in the Underlying NVDA ETF are capped, while the Fund retains full downside exposure offset only by premiums received.
Ticker
NVYY
Issuer
GraniteShares Advisors LLC
Exchange
XNAS
Inception
2025-05-13 · 1.3 yrs
Mgmt style
Active
Replication
Derivatives (options/futures) — sells put options or enters swap agreements referencing put options on a 2x leveraged NVIDIA ETF
Index-based
—
Leverage
None
Strategy & Options Mechanics
How the portfolio is built and where the income comes from.
PORTFOLIO
Options
actively managed
OPTIONS OVERLAY
Strategy
Short put options (Standard Strategy) or short put spreads / put spread options (Defensive Strategy); may be implemented directly or via swap agreements referencing exchange-listed put options
generates income
Underlying
2x leveraged NVIDIA ETFs (NVDU, NVDX, NVDL)
income exposure
WEEKLY
130.1%
DIST. RATE
96% ROC
Ordinary Income
Ordinary Income
Underlying
2x leveraged NVIDIA ETFs (NVDU, NVDX, NVDL)
Strategy
Short put options (Standard Strategy) or short put spreads / put spread options (Defensive Strategy); may be implemented directly or via swap agreements referencing exchange-listed put options
Tax
Ordinary Income
The Fund sells put options (or enters swaps referencing put options) on the Underlying NVDA ETF to collect premiums as income. Strike prices range from 40% out-of-the-money to 10% in-the-money with maturities of one week to one month. The Defensive Strategy adds a long put at a lower strike to partially limit downside, but the Fund retains substantial exposure to declines in the Underlying NVDA ETF beyond the premium received.
Performance & NAV
Total return vs. the underlying, with drawdown context.
NAV HISTORY · AUG '25 – AUG '26
AUG '25AUG '26
Flat-NAV reinvestment hurdle
63.4%
Share of each distribution you’d need to reinvest just to hold NAV flat. Higher means more of the yield is your own capital coming back.
Distribution & Tax
Where the yield comes from — and how it’s taxed.
Composition · Recent Distribution
96%
ROC
Return of Capital — mixed96%
Net Investment Income4%
Frequency
Weekly
Dist. rate
130.10%
ROC %
96%
30-day SEC
not reported
Consistency
2 w/o cut
YOC · 1yr-ago buyer
57.3%
Tax Treatment — Ordinary Income
ORDINARY INCOME
Distribution Composition (Recent)
ROC is not free money — it lowers your cost basis. When shares are sold, capital gains are computed against the lower basis.
Composition · Narrative
The August 4, 2026 distribution of $0.10697 per share is estimated to be 96.20% return of capital under GAAP, with the remaining 3.80% from other sources. The final tax character will be determined in January 2027 and reported on IRS Form 1099-DIV.
Distribution & Return of Capital
Per-month payout split and the running return-of-capital share · last 23 months.
DIST ($/sh)ROC %
Return of capital ($/sh)
Net investment income ($/sh)
Monthly ROC %
Calendar-year ROC (YTD est.)
Distribution Growth & Schedule
Per-period growth of the payout, the latest schedule, and how long distributions take to repay NAV.
Distribution Growth by Lookback Period
Latest Distribution Schedule
Record date
2026-08-07
Ex-dividend
2026-08-07
Pay date
—
Payback Period
0.8 yr
Dist. Since Incep.
$21.3
Holdings & Concentration
Position sizing, top-name weights, and concentration risk.
Sector Mix · Tilt vs S&P 500
No sector feed for this fund.
Holdings
9
Top-10 Wt.
—
Technical Signal & Liquidity
Moving-average posture and a read on tradability.
Price vs. Moving Averages
$12.7$12.1$11.6$11.1
FEB '26AUG '26
Price $12.14
50-DMA $12.16
200-DMA $12.09
Bullish — 50-DMA above 200-DMA
Price $12.14 is above the 200-day SMA ($12.09); 50-day SMA $12.16. The 50-day SMA sits above the 200-day — an established uptrend, no recent crossover. Moving-average signals are a timing aid, not a recommendation — weigh them against the distribution profile and framework score.
Liquidity
Avg daily volume
40K
Avg dollar volume
$640,635
Bid/ask spread
0.19%
Premium/discount
—
Turnover
—
Estimated bid/ask spread ~0.19% (moderate). Average daily dollar volume ~$0.6M (thin). This spread is a high-low estimate, not a live quote; the issuer's reported median spread and premium/discount to NAV are shown above when available.
Assets Under Management
Trend: Stable. Source: shares×price (Massive, monthly).
AUM ($)
$34M
$100M$50M$1M
MAY '25AUG '26
SOURCES Massive market-data API, SEC EDGAR filings, issuer disclosures.
NVYY · 2026-08-11
Prepared by Streamfolio
Research aid, not investment advice.
Prepared by Streamfolio
Research aid, not investment advice.