Bottom line: AIYY seeks high weekly income by writing calls against synthetic exposure to C3.ai (AI). Single-stock volatility in the AI software space can support elevated option premiums, offering income investors a way to monetize the stock’s swings while collecting frequent distributions.
It is not a pure C3.ai equity holding or a low-risk income product. Upside is capped, downside remains largely unprotected, and NAV can erode when distributions include significant return of capital. Concentration risk is high.
Size the position according to your tolerance for single-stock volatility rather than the headline yield. Always review the latest prospectus, distribution composition, and the underlying company’s fundamentals. This is not investment advice.
Distribution History for AIYY
| Month | Distributions | No. of shares | Net Distribution / share |
|---|---|---|---|
| September 2024 | $38.56 | 107 | $0.3604 |
| August 2024 | $38.20 | 107 | $0.3570 |
| July 2024 | $42.50 | 107 | $0.3972 |
| June 2024 | $93.62 | 107 | $0.8750 |
| May 2024 | $36.68 | 90 | $0.4076 |
| April 2024 | $65.28 | 90 | $0.7253 |
| March 2024 | $42.51 | 40 | $1.0628 |
| February 2024 | $16.08 | 40 | $0.4020 |
| Grand Total: | $1,641.15 | 7,493 | $0.2190 |
ETF Investment Summary
| Investment | Shares | Distributions | Purchase price / share | Real price / share | Market price / share |
|---|---|---|---|---|---|
| $1,188.86 | 27 | $1,674.20 | $7.58 | $44.03 | $7.72 |
Notes:
• Investment = Current Adjusted Cost Basis (after accounting for sells and distributions)
• Purchase price / share = Historical average price of all shares ever bought
• Real price / share = Current adjusted cost basis per remaining share (after distributions reduce basis)
• Market price / share = Latest market price of the ETF
Personal Chart – Real Price vs Real Price + Cumulative Distributions
Blue line = Real Price per share (cost basis after buys, sells & distributions)
Red line = Real Price + Cumulative Net Distributions received so far
Purple line = Cumulative Realised Capital Gains from sales
Green bars = Number of shares held at month-end
When the green bars drop to zero, the blue/red lines also go to zero (full exit of the position).