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The Hamilton Enhanced U.S. Covered Call ETF (HYLD-T) focuses on implementing a covered call strategy primarily on bank stocks. While this approach can yield attractive returns during bullish markets, the problem arises with the fund's use of leverage, which is set at 25%. This leverage can amplify gains but also magnifies losses, particularly evident during downturns, such as the bank collapses witnessed in March 2023. Several experts caution against leveraged ETFs, especially in volatile market conditions, as they can lead to significant financial risk. Overall, while HYLD-T may offer appeal under certain market circumstances, its leveraged nature prompts a reassessment of its viability for conservative investors.
With covered calls, you have been getting some good premiums, because volatility has been high in recent months. This is a US-based ETF. HYLD's performance YTD has been 0%. You give up upside to participate in US markets. This performance may be down to bad timing and bad luck. Isn't sure why HYLD isn't keeping up with the market indices. A red flag.
Hamilton Enhanced U.S. Covered Call ETF is a Canadian stock, trading under the symbol HYLD-T on the Toronto Stock Exchange (HYLD-CT). It is usually referred to as TSX:HYLD or HYLD-T
In the last year, 3 stock analysts published opinions about HYLD-T. 1 analyst recommended to BUY the stock. 1 analyst recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for Hamilton Enhanced U.S. Covered Call ETF.
Hamilton Enhanced U.S. Covered Call ETF was never recommended as a Top Pick on Stockchase. Read the latest stock experts ratings for Hamilton Enhanced U.S. Covered Call ETF.
Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.
3 stock analysts on Stockchase covered Hamilton Enhanced U.S. Covered Call ETF In the last year. It is a trending stock that is worth watching.
On 2025-04-25, Hamilton Enhanced U.S. Covered Call ETF (HYLD-T) stock closed at a price of $12.325.
It's a covered call on banks. There are many of these. The problem they have is they're leveraged by 25% which works well in an upmarket, but down, like when the banks collapsed in March 2023. He avoids anything with leverage.