Cybersecurity Meets Monthly Income: Amplify's New ETF Targets 15%+ Yield
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Amplify has launched the Amplify HACK Cybersecurity Covered Call ETF (NYSE:HAKY), targeting over 15% annualized option income with monthly distributions. This ETF combines shares of the Amplify Cybersecurity ETF (NYSE:HACK) and call options, aiming to provide income through option premiums. As cybersecurity spending rises, driven by digital risks and regulatory demands, HAKY offers an income stream with partial upside in cybersecurity equities. It features a 0.65% expense ratio and is designed for income-oriented investors, particularly in volatile market conditions.
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