The YieldMax Netflix Option Income Strategy ETF announced a weekly dividend distribution on May 21, with a payment of $0.0626 per share. The fund trades under the ticker NFLY. Both the ex-dividend date and the record date were set for May 21, with the payment date scheduled for May 22.
The fund, which launched on the NYSE Arca exchange on August 7, 2023, is an actively managed ETF overseen by a management team including Mick Brokaw and Jay Pestrichelli. Its core strategy employs a synthetic covered call approach, generating premium income by selling call option spreads on Netflix stock. The fund holds short-term U.S. Treasury securities as collateral for these option positions. It does not invest directly in Netflix shares. The primary investment objective is to provide investors with consistent weekly income, with a secondary goal of maintaining a degree of participation in the price movements of Netflix stock.
According to data from the fund's website, NFLY has approximately $78.04 million in assets under management, with a total expense ratio of 0.99% and a 30-day SEC yield of 3.02%. As of March 31, 2026, the fund's cumulative net asset value return since inception has reached 81.52%.
It is important to note that while this strategy can generate a steady stream of weekly income, it carries significant risks. If the price of Netflix stock rises, the fund's potential upside is capped. Conversely, if the stock price declines, the fund is fully exposed to the downside risk. Furthermore, a portion of past dividend distributions may have included a return of capital, which can reduce the fund's net asset value and trading price over time. Investors should be aware of these associated risks.
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