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WDTE aims to achieve consistent weekly yield distributions for investors coupled with equity market exposure to the S&P 500. WDTE is an actively managed exchange-traded fund ("ETF") that seeks enhanced income, constructed of treasuries and S&P 500 index options. The strategy's objective is to generate weekly distributions by selling option premium on a daily basis. The fund uses daily options to realize rapid time decay by selling in the money puts.
Defiance S&P 500 Enhanced Option Income ETF trades on the ARCA stock market under the symbol WDTE.
As of May 12, 2026, WDTE stock price climbed to $31.03 with 19,944 million shares trading.
WDTE has a beta of 0.72, meaning it tends to be less sensitive to market movements. WDTE has a correlation of 0.88 to the broad based SPY ETF.
WDTE has a market cap of $64.40 million. This is considered a Micro Cap stock.
WDTE has underperformed the market in the last year with a price return of +22.7% while the SPY ETF gained +32.1%. However, in the short term, WDTE had mixed performance relative to the market. It has outperformed in the last 3 months, returning +7.0% vs +6.9% return in SPY. But in the last 2 weeks, WDTE shares have been beat by the market, returning +3.2% compared to an SPY return of +3.2%.
WDTE support price is $30.71 and resistance is $31.26 (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 WDTE shares will trade within this expected range on the day.