USOY Is an Income Juggernaut
The Defiance Oil Enhanced Options Income ETF (NASDAQ: USOY) is an alluring income-focused investment opportunity. The exchange-traded fund's (ETF) implied annualized distribution rate is an eye-popping 111%. It distributes income to fund investors on a weekly basis.
That combination of yield and payment frequency makes it appear to be an income juggernaut. However, and you probably know this is coming, there is a big catch: The fund has a very high-risk profile.
Here's a closer look at this ETF, which aims to provide investors with an enhanced oil-fueled income stream.
Source Fool.com
