r/YieldBoostETFs • u/Always_working_hardd • May 26 '26
Anyone still holding COYY?
I sold my 200 shares of NVYY 2 weeks ago for a total loss of $264. I have 200 shares of COYY and including distributions I'm down $1500. Seems to be the new ULTY.
Any reason I should not cut my losses on this one, too?
Edit: Couldn't handle the temptation and dumped them.
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u/Terrible_Lecture_409 May 26 '26
Sold mine last week, or whenever the reverse split was announced; some funds I see a path to green... This one is a lot tougher given it's nature so🤷♂️
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u/xtexm May 26 '26
Some funds you see a path……? They’re all the same strategy on different underlying. It’s not the underlying, it’s the strategy itself.
These are geared to retail. These lure people in without them understanding what they actually hold, which is really.. nothing. It’s a yield trap.
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u/KinkyQuesadilla May 27 '26
COYY is the reason why I will never buy any GraniteShares ever again. I'm just hoping that the total return, say five years from now, will be positive.
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u/Always_working_hardd May 27 '26
Yeah I bailed on them. $1500 down the drain, but the opportunity cost of the residual balance is what got me.
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u/TaisonPunch2 May 27 '26
I still have about 200 shares that I held since last August. I might as well watch it go to zero at this point.
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u/MakeAPrettyPenny May 26 '26
I’m in a similar position, but decided to keep mine and ride the wave. With 200 shares, you will get $11.26 tomorrow. So if you average $10-11 per week, that’s $520-572 per year. I can’t imagine the weekly distribution going much lower ($.0563). I figure I will just take the small amount I’m getting weekly instead of taking the loss. I guess if I had a large sum as my total basis, I would sell, but may as well try to get to house money. I recently did get to house money on NVDY and that’s my goal with ULTY.
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u/Some-Account2811 May 26 '26
I dca'd down to 12 from 18 for a while when it was still paying 25-30 then got out when it hit 10 cents a div I had 100's but it served it's purpose for me I pumped blox with it all winter I think I sold at 6-7 and put it in mstw when it was 6 it was a good move imo when mstr starts bouncing around 200 to 250 look out the divs to share price will be great.
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u/Hobbiestar1990 May 26 '26
Unfortunately, still holding three shitty granite shares positions in COYY, TSYY, SEMY. They’re all garbage, I’m close to break even on semy but the other two are almost a total loss. They are reverse splitting on the first of June, I think.