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The 11 Highest Yielding ETFs are Paying Up to 349% in Yield

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The 11 Highest Yielding ETFs are Paying Up to 349% in Yield

Published: by Austin Smith

Key Points

  • ETFs with triple-digit yields exist, but they are risky and employ complicated investing strategies.

  • Most investors will be better off investing in ETFs with yields below double digits.

  • The highest yielding ETFs are currently producing dividend yields in excess of 100%.

If you’re looking for dividend exchange-traded funds (ETFs), you’re likely to come across many with yields in the high single digits. These are widely considered to be some of the highest-yielding dividend ETFs you can buy, but many don’t know that there are ETFs with yields in the triple digits.

An exchange-traded fund, or an ETF, lets you hold a collection of assets. They trade just like individual stocks on exchanges, but they give you more exposure and flexibility, depending on the type of ETF you invest in. There are stock ETFs, bond ETFs, commodity ETFs, and ETFs that focus on certain sectors or countries. There are also ETFs that are managed actively with their own unique strategies. Passively-managed ETFs usually track a specific index.

ETFs with dividend yields in excess of even 10% are usually not the best place to put your money for the long run. Those that have triple-digit yields may not be sustainable and end up losing you money. They are meant to be more opportunistic, mainly for sophisticated investors who understand the strategies employed in these ETFs. Many revolve around cryptocurrencies and should be considered risky.

MyInvestingNews has compiled a list of some ETFs that have among the highest dividend yields at the moment, with some exceeding 100%. All data reflects the market close on Jan. 7.

#11 YieldMax PLTR Option Income Strategy ETF (PLTY)

This fund has a dividend yield of 106.70% and assets under management of $579.07 million. The average daily share volume (3 months) was 371,217. The fund uses a synthetic covered call strategy to provide income and indirect exposure to the share price returns of Palantir Technologies Inc.

#10 Roundhill COIN WeeklyPay ETF (COIW)

Offering a dividend yield of 108.61%, COIW has net assets of $69.99 million. The average daily share volume was 164,423. “COIW seeks to pay weekly distributions to shareholders while targeting enhanced returns corresponding to 120% of Coinbase’s weekly performance,” according to Roundhill Investments.

#9 GraniteShares YieldBOOST COIN ETF (COYY)

This ETF has $69.29 million under management with a dividend yield of 128.55%. Average daily share volume was 400,870. The fund “is designed to generate income through options strategies, primarily by selling put options on leveraged ETFs that track the 2x Long COIN Daily ETF,” according to the GraniteShares website.

#8 CoinShares Bitcoin and Ether ETF (BTF)

With $24.55 million under management, this fund has a dividend yield of 135.9%. The average daily share volume was 96,050. BTF invests in exchange-traded futures contracts on bitcoin and ether.

#7 Bitwise MARA Option Income Strategy ETF (IMRA)

“IMRA employs an options strategy that aims to generate monthly income for investors while providing capped upside exposure to MARA,” according to Bitwise Asset Management. The ETF offers a dividend yield of 167.54% with average daily share volume of 6,527.

#6 Bitwise MSTR Option Income Strategy ETF (IMST)

“MST employs an options strategy that aims to generate monthly income for investors while providing capped upside exposure to MSTR,” according to Bitwise. The ETF offers a dividend yield of 189.72% with net assets of $16.76 million. The average daily share volume was 30,544.

#5 Yieldmax Smci Option Income Strategy ETF (SMCY)

This ETF utilizes a synthetic covered call strategy to provide income and indirect exposure to the share price returns of Super Micro Computer Inc. SMCY has $172.07 million in net assets and a dividend yield of 225.94%. Average daily share volume was 1,045,192.

#4 Bitwise COIN Option Income Strategy ETF (ICOI)

This is another crypto fund from Bitwise, employing “an options strategy that aims to generate monthly income for investors while providing capped upside exposure to COIN.” ICOI has a dividend yield of 226.14% with net assets of $27.8 million. Average daily share volume was 84,111.

#3 YieldMax MARA Option Income Strategy ETF (MARO)

MARO has a dividend yield of 230.26% and assets of $48.79 million. The fund seeks income while providing indirect exposure to the share price of Marathon Digital Holdings Inc. The average daily share volume was 218,434.

#2 Graniteshares Yieldboost TSLA ETF (TSYY)

TSYY “is designed to generate income through options strategies, primarily by selling put options on leveraged ETFs that track the 2x Long TSLA Daily ETF,” according to the fund managers. Its dividend yield was 272.31%, with net assets of $328.73 million. Average daily share volume was 2,995,959.

#1 Defiance Daily Target 2X Long MSTR ETF (MSTX)

And our top yielding ETF is offering a whopping dividend yield of 349.35%. The fund “seeks daily leveraged investment results of two times (200%) the daily percentage change in the share price of MicroStrategy Inc.,” according to Defiance Group Holdings. It has $278.71 million in nets assets, and average daily share volume was 26,091,990.

The image featured at the top of this post is ©Sutthiphong Chandaeng / Shutterstock.com.

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