YieldMax HIMS Option Income Strategy ETF (HIYY) Diversifiers

YieldMax HIMS Option Income Strategy ETF (HIYY) is an actively managed single-stock-linked income ETF that seeks to generate weekly cash distributions by selling call spreads on Hims & Hers Health Inc (HIMS). The fund does not directly hold HIMS shares; instead it uses standardized exchange-traded and FLEX options collateralized with cash and U.S. Treasurys to construct a synthetic covered-call style exposure. The strategy generates current income and provides capped participation in HIMS price appreciation while leaving investors exposed to the downside of HIMS shares. HIYY pays distributions on a weekly basis and is part of the YieldMax single-stock options income suite issued under the Tidal Trust II umbrella.