Global X Funds Global X S&P 500 Covered Call ETF (HSPX) ETF
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Global X Funds Global X S&P 500 Covered Call ETF (HSPX) ETF Bio
The investment objective of the Horizons S&P 500 Covered Call ETF seeks investment results that generally correspond to the performance of the S&P 500 Stock Covered Call Index. The Index consists of long positions in the stocks of the S&P 500 Index and corresponding short (written) call options on option-eligible stocks in the S&P 500 Index. The call options are written out-of-the-money, whereby the exercise (or "strike") price of the option is above the market price of the stock.