YieldMax DKNG Option Income Strategy ETF (DRAY)

The YieldMax DKNG Option Income Strategy ETF (DRAY) is an exchange-traded fund that mostly invests in consumer discretionary equity. The fund seeks to provide current income and capped gains on the DraftKings Inc (DKNG) stock through a synthetic covered call strategy, collateralized by cash and US Treasurys. The actively managed fund uses both standardized exchange-traded and FLEX options. DRAY was launched on Jul 14, 2025 and is issued by YieldMax.