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ETHY-B

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1m

Analysis and statistics

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About

ETHY-B.TO represents the Horizons Enhanced Income Equity ETF (formerly known as the Horizons Active High Yield Bond ETF), a Canadian-listed exchange-traded fund (ETF) managed by Horizons ETFs Management (Canada) Inc. It aims to provide a high level of income by investing primarily in Canadian corporate bonds and utilizing a covered call strategy on a portion of its equity holdings. The strategy involves writing call options on publicly traded securities to generate income, potentially limiting capital appreciation but providing a consistent income stream. The ETF's performance and holdings are subject to change based on market conditions and investment decisions.
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Factors

ETHY-B.TO ETF price is primarily influenced by the underlying holdings, which are Ethereum futures contracts. Ethereum Price: Directly impacts ETHY-B.TO. Higher ETH prices usually increase the ETF's value, lower ETH prices decrease it. Futures Market: The price of Ethereum futures contracts, not spot ETH, determines ETHY-B.TO's NAV. Futures premiums or discounts affect returns. Rolling Costs: Futures contracts expire. "Rolling" into new contracts involves potential costs or gains impacting ETF performance. Supply & Demand: ETF trading activity can cause premiums or discounts to NAV. High demand may push the price above NAV, vice versa. Management Fees: The ETF's expense ratio reduces returns. Higher fees lead to slightly lower overall gains for investors.

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