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TrueShares Structured Outcome (February) ETF (FEBZ)

Defined Outcome | Exchange Traded Fund | Cboe US
38.77 USD +0.30 (0.787%) ⇧ (April 16, 2026, 3:59 p.m. EDT)

Short-term: ★★★☆☆ | Long-term: ★★☆☆☆ | Dividends: ★★★☆☆
Hot Take | April 19, 2026, 12:04 a.m. EDT

Defined-outcome ETFs like FEBZ are tactically useful for risk control near year-end options expirations but are mechanically capped instruments that struggle to generate alpha in volatile markets without bearing significant premium; statistically insignificant predicted directional drift and low trading volumes suggest they should be viewed as a defensive ceiling play rather than an active wealth-building vehicle.

Model Selection — Backtest MAE (log-scale, lower is better)
ModelMAE
AutoETS ✓0.014304
AutoTheta0.018003
MSTL0.026041
AutoARIMA0.028238

Forecast horizon: 45 days | Selected: AutoETS

Forecast Reliability
Score 57%
H-stat 2.38
Ljung-Box p 0.000
Jarque-Bera p 0.167
Excess Kurtosis -0.35
Attribute Value
Trailing P/E 28.47

Dividend Data

Yield Summary
Last Yield 1yr Yield 3yr Avg 5yr Avg
3.16% 3.16%
Dividend History
Date Dividend Yield %
2025-12-24 1.204 3.162844
2024-12-27 1.334 3.952982
2023-12-27 2.080 7.286420
Additional Data
trailingAnnualDividendRate 0.0
trailingAnnualDividendYield 0.0
dividendYield 3.31

Info Dump

Attribute Value
All Time High 39.171
All Time Low 24.57
Ask 38.82
Ask Size 6,700
Average Daily Volume10 Day 420
Average Daily Volume3 Month 1,632
Average Volume 1,632
Average Volume10Days 420
Beta3 Year 0.72
Bid 19.39
Bid Size 400
Category Defined Outcome
Crypto Tradeable 0
Currency USD
Custom Price Alert Confidence HIGH
Day High 38.7726
Day Low 38.7726
Dividend Yield 3.31
Eps Trailing Twelve Months 1.361812
Esg Populated 0
Exchange BTS
Exchange Data Delayed By 0
Exchange Timezone Name America/New_York
Exchange Timezone Short Name EDT
Fifty Day Average 37.2843
Fifty Day Average Change 1.4882965
Fifty Day Average Change Percent 0.03991751
Fifty Two Week Change Percent 23.516296
Fifty Two Week High 39.171
Fifty Two Week High Change -0.39840317
Fifty Two Week High Change Percent -0.01017087
Fifty Two Week Low 31.391
Fifty Two Week Low Change 7.3815975
Fifty Two Week Low Change Percent 0.23515011
Fifty Two Week Range 31.391 - 39.171
First Trade Date Milliseconds 1,612,189,800,000
Five Year Average Return 0.1016337
Full Exchange Name Cboe US
Fund Family TrueShares
Fund Inception Date 1,611,878,400
Gmt Off Set Milliseconds -14,400,000
Has Pre Post Market Data 1
Language en-US
Legal Type Exchange Traded Fund
Long Business Summary The fund is an actively-managed ETF that seeks to achieve its investment objective by investing substantially all of its assets in options on the S&P 500 Price Index. It will purchase call options and sell put options on the S&P 500 Price Index or an ETF that seeks to track the performance of the S&P 500 Price Index on each Initial Investment Day with an expiration on the next Roll Date.
Long Name TrueShares Structured Outcome (February) ETF
Market us_market
Market State CLOSED
Max Age 86,400
Message Board Id finmb_666767194
Nav Price 38.7993
Net Assets 13,447,839.0
Net Expense Ratio 0.79
Open 38.47
Previous Close 38.47
Price Hint 2
Quote Source Name Delayed Quote
Quote Type ETF
Region US
Regular Market Change 0.302597
Regular Market Change Percent 0.786579
Regular Market Day High 38.7726
Regular Market Day Low 38.7726
Regular Market Day Range 38.7726 - 38.7726
Regular Market Open 38.47
Regular Market Previous Close 38.47
Regular Market Price 38.7726
Regular Market Time 1,776,369,585
Regular Market Volume 331
Short Name TrueShares Structured Outcome (
Source Interval 15
Symbol FEBZ
Three Year Average Return 0.1459142
Total Assets 13,447,839
Tradeable 0
Trailing Annual Dividend Rate 0.0
Trailing Annual Dividend Yield 0.0
Trailing P E 28.471329
Trailing Peg Ratio None
Trailing Three Month Nav Returns -3.48224
Trailing Three Month Returns -3.48224
Triggerable 1
Two Hundred Day Average 37.674515
Two Hundred Day Average Change 1.0980835
Two Hundred Day Average Change Percent 0.029146586
Type Disp ETF
Volume 331
Yield 0.033099998
Ytd Return -3.48224