Horizons Financial Select Sector Covered Call ETF (NYSEArca: HFIN)
Distribution Yield: 1.07%
Comment: HFIN tracks the S&P Financial Select Sector Covered Call Index, meaning the ETF is the cover call answer to the Financial Select Sector SPDR (NYSEArca: XLF). Covered call ETFs perform better in volatile conditions. Using the covered call options strategy, the ETFs sell higher strike prices on securities with greater volatility and lower strikes on low-vol stocks, capturing a greater premium.
