Name of ETF: First Trust High Income ETF
Ticker Symbol: FTHI
Approximate Number of Stocks in this ETF: 120
Types of Stocks Included in this ETF: Large sized publicly traded companies.
Strategy Used: The ETF provider will use the covered call option strategy and write covered calls on the S&P 500 index in order to generate additional income.
Individual Company Weight: This ETF is diversified with no one company representing a significant percentage of the ETF.