PUTX

ALPS Enhanced Put Write Strategy ETF
CLOSING PRICECHANGE (%)VOLUME
$25.17-- (--)1.14K
4:00:00 p.m. (ET) 06/24/2016
BZX EXCHANGE CLOSED
LAST TRADECHANGE (%)
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BID SIZEBID ($)ASK ($)ASK SIZE
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N/A

N/A
  • Overview
  • Efficiency
  • Tradability
  • Fit

PUTX Fund Description

The ALPS Enhanced Put Write Strategy ETF writes put options on the S&P 500 with the aim of earning income primarily from option premiums. The fund does not track an index; its managers choose the options and manage the investment-grade collateral.

PUTX FactSet Analytics Insight

Note: This fund is closed. Its last day of trading was June 24, 2016.

PUTX, launched on July 7, 2015, uses derivatives on the S&P 500 to earn income. The fund effectively sells volatility by trading full upside participation in the S&P 500 for options premiums, which can partially offset losses or drive returns in a range-bound market.

The actively managed ETF writes at-the-money puts, primarily on SPY, the massively popular S&P 500 ETF from State Street. The fund managers have leeway to hold S&P 500 stocks directly, and can also dabble in put and call spreads as they see fit. The managers also attempt to earn extra income from the collateral, using a very broad list of short-term, investment-grade sectors. Collateral treatment matters greatly for put-writes since the entire AUM of the fund is effectively held as “cash” collateral, in contrast with buy-writes, where the AUM is parked in the underlying stocks. PUTX pushes the collateral envelope by using something other than safe, but low-yielding, Treasurys.
The fund’s subadvisor also runs a sister put-write ETF, HVPW. HVPW plays it straight on collateral, but cherry-picks underlying stocks; namely, those with high volatility that command high premiums. ETFs like PUTX and HVPW can kick out a lot of yield, but be sure to check the total return of the strategy too.

  • 1 Month
  • 3 Months
  • YTD
  • 1 Year
  • 3 Years
  • 5 Years
  • Max
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PUTX Summary Data

07/07/15
$2.52 M

PUTX Portfolio Data

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09/21/16
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PUTX Index Data

No Underlying Index
Proprietary
Proprietary

Related ETFs to PUTX

HVPW, PUTW, PBP, HSPX, BWV
Total Return
  • 1 Month
  • 3 Months
  • YTD
  • 1 Year
  • 3 Years
  • 5 Years
  • Max

PUTX Portfolio Management

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PUTX Tax Exposures

20.00% / 39.60%
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Ordinary income
No

PUTX Fund Structure

No
No
0% / 100%
N/A
N/A
Closing
Daily
Bats Book Viewer
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LAST 10 TRADES
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Bats BZX Real-time Quote - 17:42:52
Daily Spread
Premium/Discount
Volume

PUTX FactSet Analytics Block Liquidity

5
4
3
2
1

This measurement shows how easy it is to trade a $1 million USD block of 06/24/16. 06/24/16 is rated a PUTX out of 5.

PUTX Tradability

6,999
901
$22.36 K
$0.14
0.10%
4.18% / -4.23%
None
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50,000
0.02
0.04%
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$25.16

PUTX Performance Statistics

0.83
0.61
0.56
0.78
0.57%