Harvest Tesla Enhanced High Income Shares ETF (TSLY.TO)
Harvest Tesla Enhanced High Income Shares ETF (TSLY.TO)
Company overview
The fund seeks to provide long-term capital appreciation on a levered basis in Tesla stock and high monthly cash distributions. The actively managed ETF invests all its assets in Tesla shares, a company engaged in the design, development, manufacture, and sale of electric vehicles and energy generation and storage systems. It also employs an active covered call strategy on up to 50% of the portfolio. The strategy aims to participate in the long-term growth of the company in exchange for monthly income. The income generated helps to cushion the potential downside performance of the shares. Investors are subject to the downside risks of the single stock exposure in a volatile stock. The fund may invest up to 100% of its assets directly or indirectly in the class A common stock of Tesla and could apply leverage of up to around 25%. The covered call strategy is reviewed monthly to ensure cash flow sustainability.
No price history available.
For informational purposes only. Kvantra provides data and quantitative analysis, not investment advice. KvantraRank is a mechanical model output. Analyst price targets and ratings are sourced from third parties and are not Kvantra recommendations. Past performance does not guarantee future results; all investments carry risk.
Harvest Tesla Enhanced High Income Shares ETF (TSLY.TO)
No price history available.
The fund seeks to provide long-term capital appreciation on a levered basis in Tesla stock and high monthly cash distributions. The actively managed ETF invests all its assets in Tesla shares, a company engaged in the design, development, manufacture, and sale of electric vehicles and energy generation and storage systems. It also employs an active covered call strategy on up to 50% of the portfolio. The strategy aims to participate in the long-term growth of the company in exchange for monthly income. The income generated helps to cushion the potential downside performance of the shares. Investors are subject to the downside risks of the single stock exposure in a volatile stock. The fund may invest up to 100% of its assets directly or indirectly in the class A common stock of Tesla and could apply leverage of up to around 25%. The covered call strategy is reviewed monthly to ensure cash flow sustainability.
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