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Palantir Technologies Inc. (PLTR $174.01)
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Harvest Palantir Enhanced High Income Shares ETF (PLTE $26.46)
PLTE owns (only) PLTR stock and sells options against it, to enhance income (indicated yield 24.2%). Three month return 35.3%. It has a short history but already has $124M in assets. It is a direct call (with income) on the performance of PLTR. We like the company, but the stock is perhaps the most expensive stock on valuation in the past 10 years. It has $4B in sales (expected this year) and market cap is $418B. PLTE will do fine if PLTR does well. But if not this ETF could see VERY large losses, and we would not consider it a good income stock because of that possibility. We would be careful not to get too enticed by the very high yield: risk is very high here as well.
Authors of this answer, directors, partners and/or officers of 5i Research and/or affiliated companies have a financial or other interest in PLTR.