Bottom line: NVDY is a single-stock options-income ETF that seeks high weekly distributions by writing calls against synthetic exposure to NVIDIA (NVDA). NVIDIA’s high volatility and strong investor interest can generate substantial option premiums, making the fund popular with income investors seeking NVDA-linked cash flow.
It is not a pure NVIDIA investment or a set-and-forget holding. Upside is capped, downside remains largely unprotected, and NAV erosion is common when distributions include return of capital or when NVIDIA trends strongly higher or lower. Concentration risk is very high.
Position sizing should reflect NVIDIA’s volatility and the structural trade-off of capped upside for income. Always review the latest prospectus, distribution composition, and NVIDIA’s outlook. This is not investment advice.
Monthly Distributions for NVDY
| Month | Distributions | No. of shares | Net Distribution / share |
|---|---|---|---|
| July 2024 | $538.61 | 218 | $2.4707 |
| June 2024 | $299.87 | 117 | $2.5630 |
| May 2024 | $104.30 | 87 | $1.1989 |
| April 2024 | $122.59 | 47 | $2.6083 |
| March 2024 | $39.33 | 15 | $2.6220 |
| February 2024 | $22.96 | 15 | $1.5307 |
| January 2024 | $9.39 | 15 | $0.6260 |
| December 2023 | $7.61 | 15 | $0.5073 |
| November 2023 | $6.23 | 15 | $0.4153 |
| October 2023 | $10.16 | 15 | $0.6773 |
| Grand Total: | $7,005.45 | 14,141 | $0.4954 |
ETF Investment Summary
| Investment | Shares | Distributions | Purchase price / share | Real price / share | Market price / share |
|---|---|---|---|---|---|
| $0.00 | 0 | $7,066.38 | $24.66 | $0.00 | $12.07 |
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).