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The investment objective of TrueShares S&P Autocallable Defensive Income ETF (the "Fund") is to generate moderate monthly income while reducing downside risk. The Fund seeks to achieve its objective through exposure to an index (the "Autocallable Index") that tracks a synthetic portfolio of autocallable notes linked to a custom volatility index. The Fund is an actively managed exchange-traded fund ("ETF") that invests, under normal market conditions, at least 80% of its total assets in U.S. Treasuries, cash and cash equivalents, and unfunded total return swaps that provide exposure to a synthetic portfolio of autocallable notes included in the Autocallable Index. The Autocallable Index tracks the aggregate performance of a hypothetical portfolio of up to twenty-six Autocallables, with each Autocallable included in the Autocallable Index varying based on maturity and the other characteristics described above under "What is an Autocallable". The performance of each Autocallable is linked to the S&P 500 Futures 20% Intraday VT 2% Decrement Index (the Reference Index), which provides volatility adjusted exposure to the E-mini S&P 500 Futures based on market volatility conditions.
Trueshares S&P Autocallable Defensive Income ETF trades on the BATS stock market under the symbol PAYM.
As of May 13, 2026, PAYM stock price climbed to $25.76 with 6,160 million shares trading.
PAYM has a beta of 0.85, meaning it tends to be less sensitive to market movements. PAYM has a correlation of 0.75 to the broad based SPY ETF.
PAYM has a market cap of $108.71 million. This is considered a Micro Cap stock.
PAYM support price is $25.34 and resistance is $26.14 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that PAYM shares will trade within this expected range on the day.
