This ETN is a complete investment strategy in and of itself, so investors should carefully consider their financial objectives and goals before holding this product. Put simply, SLVO is a good way of earning dividends if you have a bullish or neutral view on silver.
Is SLVO stock a buy?
During the day the ETF fluctuated 1.98% from a day low at $4.05 to a day high of $4.13. The price has risen in 5 of the last 10 days and is up by 6.74% over the past 2 weeks….Predicted Opening Price for Credit Suisse Ag of Monday, August 1, 2022.Fair opening price August 1, 2022Current price$4.10$4.12 (Overvalued)
Is SLVO an ETF?
SLVO Fund Description SLVO offers the returns of a covered-call strategy comprising long shares of a physical silver ETF (SLV) and short 1-month call options with a strike price of 106% of SLV.
Dividend: 19-Aug $0.0327 (Est.)
How much does SLVO pay in dividends?
SLVO Dividend Yield: 13.93% for J.
How is SLVO taxed?
One final thing to keep in mind here is that the distributions received from SLVO are considered to be interest payments for taxation purposes. This is due to the note structure. Therefore, in the United States at least, these payments are taxed at ordinary income rates and not at the favorable capital gains rate.