Weekly NAV decay
What are everyone's thoughts on the NAV decay since it's gone weekly? Before it was a bit easier to see QQQY went step for step largely with $Invesco QQQ Trust (QQQ.US)$ . Not a shock. NAV didn't scare me and still doesn't scare me. Does the NAV erosion seem to be elevated since it went weekly? If I look at the backwards adjusted somewhat in step but if it isn't, it looks like it's an inverse growth compared to QQQ. I say that while looking at the change in distribution and it's horrible. Pre reverse split we were getting $0.8 and now post reverse split we're at that same level.
TLDR: I'm just not satisfied with QQQY this month at all. I'm seriously debating pulling out and moving into MSTY which is at a way lower price point and paying out 2x. If we're looking at income ETFs, QQQY just doesn't seem to be cutting anymore.
TLDR: I'm just not satisfied with QQQY this month at all. I'm seriously debating pulling out and moving into MSTY which is at a way lower price point and paying out 2x. If we're looking at income ETFs, QQQY just doesn't seem to be cutting anymore.
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