Harvest Reddit Enhanced High Income Shares ETF is a Canadian mutual fund trust designed to deliver both exposure to Reddit, Inc. and enhanced monthly income for investors. By investing all of its assets—directly or indirectly—in Reddit, Inc., a leading global online community platform, the ETF aims to offer long-term capital appreciation aligned with Reddit’s corporate performance and digital growth. A notable feature of this ETF is its active covered call strategy, which is applied to up to half of the Reddit equity position to generate higher, tax-efficient monthly cash distributions. To further boost income and growth potential, the fund employs modest leverage at approximately 25%. The structure is unhedged to Canadian dollars, and it provides eligibility for registered Canadian accounts such as RRSP, TFSA, and RESP. This combination of a single-stock focus, income generation through derivatives, and leverage makes the ETF a unique tool for investors seeking targeted exposure to the technology and digital media sector while pursuing a higher, consistent stream of cash flows in a managed equity product.
See your Portfolio Score and get data driven insights in ~60 seconds.
Opens in PortfolioPilot
Based on technical indicators and chart patterns, RDDY.TO shows...
Market sentiment analysis indicates...