Industry description
The investment seeks to pay weekly distributions; the fund’s secondary investment objective is to provide calendar week returns, before fees and expenses, that correspond to 1.2 times (120%) the calendar week total return of common shares of Coinbase Global, Inc. (Nasdaq: COIN) (“COIN”).
The fund is actively managed and seeks to achieve its investment objectives by investing in total return swap agreements and common stock that in aggregate return approximately 1.2 times (120%) the calendar week total return of common shares of COIN while making weekly distribution payments to shareholders. The fund is non-diversified.
High and low price notable news
The average weekly price growth across all stocks in the Roundhill COIN WeeklyPay ETF ETF was 30%. For the same ETF, the average monthly price growth was 46%, and the average quarterly price growth was -8%. COIN experienced the highest price growth at 4%, while COIN experienced the biggest fall at 4%.