Ninepoint Shopify HighShares ETF is a single-stock exchange-traded fund designed to generate enhanced monthly income by holding shares of Shopify Inc., one of Canada’s leading technology companies. The ETF employs an active covered call strategy, writing call options on up to 50% of its net asset value to collect option premiums, which are then distributed to investors as cash flow. To further boost yield, the fund utilizes up to 25% leverage, amplifying income potential beyond what could be achieved by holding Shopify shares alone. Distributions are paid monthly and may be classified as eligible Canadian dividends, capital gains, or return of capital, making the ETF particularly tax-efficient for Canadian investors. Notably, the management fee is set at 0% until February 28, 2026, before rising to 0.29%, positioning it among the more cost-effective covered call ETFs focused on a single stock. By combining direct exposure to a high-growth e-commerce leader with professionally managed income strategies, the ETF offers investors a unique vehicle to participate in Shopify’s performance while targeting a higher, more predictable income stream in the Canadian market.
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