MSTX Dividend Calculator
Defiance Daily Target 2x Long MSTR ETF — Project your returns with dividend reinvestment (DRIP). Current yield: 0.00% (quarterly).
MSTX uses a covered call strategy to generate income. The fund holds a portfolio of stocks (or tracks an index) and systematically sells call options against those holdings. The premiums collected from selling these options are the primary source of the fund's distributions.
Projection exceeds realistic bounds
These results assume dividends and price growth continue at the same rate for 10 years, which is unlikely for high-yield ETFs. In practice, funds restructure, yields normalize, and NAV erosion limits compounding. Try a shorter time horizon or lower growth rates.
MSTX Dividend History
| Ex-Date | Amount | Change | Yield |
|---|---|---|---|
| Dec 31, 2024 | $14.4276 | — | 281.65% |
How MSTX generates income
MSTX uses a covered call strategy to generate income. The fund holds a portfolio of stocks (or tracks an index) and systematically sells call options against those holdings. The premiums collected from selling these options are the primary source of the fund's distributions.
When the market is flat or mildly bullish, covered-call funds perform well — you collect the option premium on top of any dividends from the underlying holdings. When the market rallies strongly, your gains are capped at the strike price of the sold calls. This is the fundamental trade-off of covered-call strategies: steady income in exchange for capped upside.
MSTX is issued by Defiance and has been one of the established players in the covered-call ETF space. Compared to YieldMax's single-stock approach, MSTX writes options on a broader index, which results in lower but more stable distributions.