NVDY was created on 2023-05-10 by YieldMax. The fund's investment portfolio concentrates primarily on information technology equity. The ETF currently has 1484.85m in AUM and 10 holdings. NVDY seeks to provide current income and capped gains on the Nvidia stock (NVDA) through a synthetic covered call strategy, collateralized by cash and US Treasurys. The actively managed fund uses both standardized exchange-traded and FLEX options.