The YieldMax HIMS Option Income Strategy ETF announced a weekly dividend distribution on May 21, with a payment of $0.2186 per share. The fund trades under the ticker HIYY. The ex-dividend and record date was May 21, with the payment date set for May 22. The fund was listed on the NYSE Arca exchange on September 25, 2025, and is managed by Tidal Investments LLC as an actively managed ETF. Its core strategy involves a synthetic covered call spread, primarily generating option premium income by selling call option spreads on shares of Hims & Hers Health Inc., while holding U.S. short-term Treasury securities as collateral to generate additional interest. The fund does not directly invest in HIMS stock. Its primary investment objective is to provide investors with consistent weekly income, with a secondary goal of maintaining a degree of participation in the price movements of HIMS. According to data disclosed on the YieldMax website, HIYY has approximately $25.96 million in assets under management, a total expense ratio of 0.99%, and a 30-day SEC yield of 2.58%. Notably, in its latest distribution on April 22, 2026, 97.75% of the payout was a return of capital, with only 2.25% derived from actual investment income. Investors should be aware of associated risks: while this strategy can generate a steady weekly income stream, it caps potential upside gains while fully exposing investors to downside risk. A significant portion of past distributions has come from a return of capital, which can erode the fund's net asset value and share price over time.