Roundhill Investments, which has pioneered pushing the limits of what an ETF can do, has introduced a new product meant to make a sophisticated strategy easier. The Roundhill WeeklyPay Universe ETF (BATS:WPAY), launched on Sept. 4, provides investors with one ticket into the company’s entire universe of leveraged income-generating ETFs.
The strategy targets a unique niche: investors who are starved for regular cash income but unwilling to give up the potential for gaining equity market appreciation. Unlike conventional dividend ETFs, the WeeklyPay family applies 120% weekly leverage (a volume that doubles both gains and losses) to seek distributions every Wednesday.
