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New index for Recon Capital Nasdaq-100 Covered Call ETF


Recon Capital Partners, a Greenwich, Connecticut-based provider of exchange traded funds (ETFs), has changed the underlying index of the Recon Capital Nasdaq-100 Covered Call ETF (NASDAQ: QYLD).

QYLD is no longer be tracking the CBOE NASDAQ-100 BuyWrite Index (BXN) and instead is seeking to replicate the performance of the CBOE NASDAQ-100 BuyWrite V2 Index (BXNT).
The new BXNT index measures the total return of a portfolio consisting of common stocks of the 100 companies included in the NASDAQ-100 Index and call options systematically written on those securities through a “buy-write” or covered call strategy. The BXNT index replicates the methodology used to calculate the BXN Index, with one exception: the written NASDAQ-100 Index covered call options are held until one day prior to the expiration date and are liquidated at a volume-weighted average price determined at the close. 

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