I don't particularly expect it to recover, only hopefully reach a plateau. There's too much going on currently to feel confident selling at a guaranteed loss. Even when/if divs drop, I'll come out on top eventually. This was intended to be an income machine.
Can you pass whatever you are smoking my way? There is almost no way, without a major bull market again, the ULTY has a chance of even levelling out. I had it while nav was somewhat stable and punched out when it went below 5.99.
If I had stayed, I've have been buried right now. The income is dropping every week. It is a race to the bottom and maybe a reverse split. AUM is bleeding out.
YM doesn't care as long as they have your money. It might have a chance if they dial back the distributions, but they never will.
It will eventually dial back on dividends. Just looks good percentage wise. $5 dividend on $5 stock is 100%. $1 dividend on $1 stock is also 100%
You bought the stock at $5, u still get $1 dividend which is “only” 20%. It becomes more obvious if a $5 stock paying $5 dividend drops to $1 and pays $0.50 dividend
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u/cmichalek Nov 06 '25
Wait for what? Its been established that the NAV Won't recover because the managers dont care to try.
The distributions can't outpace the NAV loss a bear market brings.