Amplify ETFs Launches the Amplify SILJ Covered Call ETF (SLJY)

Company Overview - Amplify ETFs has launched the Amplify SILJ Covered Call ETF (NYSE Arca: SLJY), aiming for an annualized option premium income of 18% alongside potential capital appreciation [1][2] - The fund invests in junior silver mining companies and may also invest in the Amplify Junior Silver Miners ETF (SILJ) [2] - Amplify ETFs manages over $12.6 billion in assets across its suite of ETFs as of July 31, 2025 [5] Investment Strategy - SLJY employs a covered call options strategy, selling out-of-the-money call options to generate income from market volatility [2][4] - The fund seeks to provide monthly dividend distributions while also allowing for price appreciation if the underlying stocks increase in value [2][4] - The strategy aims to balance income generation with capital appreciation potential, differentiating it from other option income ETFs [4] Market Context - The junior silver mining sector is experiencing renewed investor interest, supported by macro tailwinds such as increased industrial demand driven by artificial intelligence and electrification [4] - SILJ has grown to over $1.5 billion in assets, indicating strong market dynamics for junior silver mining companies [3]