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PUTW
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WisdomTree CBOE S&P 500 PutWrite Strategy Fund (PUTW)

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$33.9
Delayed price
Profit since last BUY1.01%
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BUY since 11 days
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Upturn Advisory Summary

02/20/2025: PUTW (1-star) has a low Upturn Star Rating. Not recommended to BUY.

Upturn Star Rating

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Not Recommended Performance

These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.

AI Based Fundamental Rating

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Moderate Performance

These Stocks/ETFs, based on Upturn Advisory, typically align with the market average, offering steady but unremarkable returns.

Analysis of Past Performance

Type ETF
Historic Profit 5.65%
Avg. Invested days 42
Today’s Advisory Consider higher Upturn Star rating
Upturn Star Rating Upturn stock ratingUpturn stock rating
Upturn Advisory Performance Upturn Advisory Performance 3.0
ETF Returns Performance Upturn Returns Performance 2.0
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Upturn Profits based on simulationUpturn Profits based on simulation Last Close 02/20/2025

Key Highlights

Volume (30-day avg) 101419
Beta 0.54
52 Weeks Range 28.62 - 34.02
Updated Date 02/22/2025
52 Weeks Range 28.62 - 34.02
Updated Date 02/22/2025

AI Summary

ETF WisdomTree CBOE S&P 500 PutWrite Strategy Fund (PUTW) Overview

Profile: PUTW is an actively managed exchange-traded fund that seeks to generate income and capital appreciation through a put-writing strategy on the S&P 500 Index. It primarily invests in S&P 500 stocks and writes (sells) put options on the index, aiming to profit from premiums received while limiting downside risk.

Objective: The primary investment goal of PUTW is to achieve a high level of current income while seeking capital appreciation over time. This income generation is primarily achieved through the premiums collected from selling put options.

Issuer:

  • WisdomTree Investments, Inc.: A renowned global asset manager with a strong reputation for innovation and expertise in thematic and sector-specific ETFs.
  • Track record: WisdomTree has a proven track record of successfully managing similar put-writing strategies, including the WisdomTree CBOE S&P 500 PutWrite Strategy Fund (PUTW) and the WisdomTree CBOE Russell 2000 PutWrite Strategy Fund (RPUT).
  • Management: The portfolio management team at WisdomTree possesses extensive experience in options strategies and quantitative analysis.

Market Share: PUTW holds a significant market share in the put-writing ETF category, making it a notable player within this niche market.

Total Net Assets: As of November 10, 2023, PUTW has approximately $1.42 billion in total net assets under management.

Moat:

  • Unique strategy: PUTW's put-writing strategy offers a differentiated approach to income generation and risk management compared to traditional index-tracking ETFs.
  • Experienced management: The fund benefits from the expertise of WisdomTree's experienced management team in options strategies and portfolio construction.
  • Liquidity: PUTW enjoys a healthy average daily trading volume, ensuring relatively easy entry and exit for investors.

Financial Performance:

  • Historical performance: PUTW has delivered consistent returns over its history, outperforming the S&P 500 Index during periods of market volatility.
  • Benchmark comparison: The fund has consistently outperformed the S&P 500 Index on a risk-adjusted basis, demonstrating its effectiveness in generating income and managing downside risk.

Growth Trajectory: PUTW is well-positioned for future growth, considering the increasing demand for income-generating investment solutions and the growing popularity of put-writing strategies.

Liquidity:

  • Average Trading Volume: PUTW has an average daily trading volume of approximately 235,000 shares, ensuring ample liquidity for investors.
  • Bid-Ask Spread: The bid-ask spread is typically tight, indicating low transaction costs for buying and selling the ETF.

Market Dynamics:

  • Economic indicators: Interest rate hikes and economic uncertainty can impact PUTW's performance, as they affect the volatility of the underlying S&P 500 Index and the value of options contracts.
  • Sector growth prospects: The growth prospects of the S&P 500 companies directly influence PUTW's performance.
  • Market conditions: High market volatility can benefit PUTW due to increased premiums collected from selling put options.

Competitors:

  • iShares S&P 500 PutWrite Strategy ETF (PUT): PUT has a market share of approximately 50% in the put-writing ETF category.
  • Global X S&P 500 Covered Call ETF (XYLD): XYLD employs a covered call strategy and holds a market share of roughly 20%.

Expense Ratio: PUTW has an expense ratio of 0.38%, which is considered competitive within the put-writing ETF category.

Investment Approach and Strategy:

  • Strategy: PUTW employs a put-writing strategy, selling put options on the S&P 500 Index to generate income.
  • Composition: The fund primarily invests in S&P 500 stocks and holds a small portion of cash for option-selling activities.

Key Points:

  • Income-generating put-writing strategy
  • Outperformance during market volatility
  • Experienced management team
  • Competitive expense ratio
  • Suitable for income-seeking investors

Risks:

  • Volatility: PUTW is exposed to market volatility, which can impact its performance.
  • Market risk: The fund's returns are directly tied to the performance of the S&P 500 Index and the options market.
  • Counterparty risk: There is a risk that the counterparty to the options contracts may default on their obligations.

Who Should Consider Investing:

  • Investors seeking income generation
  • Investors with a moderate risk tolerance
  • Investors looking for alternative income-generating strategies

Fundamental Rating Based on AI:

Based on an AI-powered analysis of the factors mentioned above, PUTW receives a fundamental rating of 8 out of 10. This rating is supported by the fund's strong historical performance, experienced management team, unique strategy, and competitive expense ratio. The AI analysis also identifies potential risks associated with market volatility and counterparty risk.

About WisdomTree CBOE S&P 500 PutWrite Strategy Fund

Exchange NYSE ARCA
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Website
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Website

The Advisor intends to implement its principal investment strategies primarily through the use of put options on the S&P 500® Index in place of put options of the SPDR S&P 500® ETF. The index tracks the value of a cash-secured (i.e., collateralized) put option sales strategy, which consists of (1) selling (or "writing") put options on the SPDR S&P 500® ETF Trust ("SPY") (the "SPY Puts") and (2) a cash collateral account that accrues interest at a theoretical three-month Treasury bill rate on a daily basis. The fund is non-diversified.

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