from24/7 Wall St.
8 hours agoNDIV converts commodity volatility into monthly cash with 34% year-to-date gain
The Amplify Energy & Natural Resources Covered Call ETF ( NYSEARCA:NDIV) sells call options against a basket of energy and natural resources equities to convert commodity volatility into monthly cash distributions. Investors hold NDIV for the income, but covered-call funds live and die by two things: the dividends and option premiums coming in, and whether NAV holds up underneath. NDIV closed at around $35, after a 34% year-to-date gain, so the distribution story is currently being underwritten by one of the strongest commodity tapes in years.
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