GraniteShares YieldBOOST TSLA ETF (TSYY)

The GraniteShares YieldBOOST TSLA ETF presents a classic case of a 'yield trap' where the headline number is misleading due to the underlying asset's collapse. While the reported dividend yield appears astronomical at 122%, this is an artifact of the fund's price plummeting from roughly $60 to under $20 over the last year, not a sign of generous cash distributions. In reality, the fund has distributed nearly $20 per share in the last 12 months, meaning the massive yield figure is simply the remaining principal being paid out. The price action confirms this deterioration, trading near its 52-week low with significant distance below moving averages. Options data reinforces a bearish sentiment, with traders buying deep out-of-the-money puts as insurance against further declines while offering almost no call protection. Although the fund offers a high nominal yield, the capital destruction and lack of growth make it unsuitable for long-term holding; investors are essentially buying a sinking ship for the scrap metal of the final dividend payments.