(GMAY) Exchange-Traded Fund VIII - BATS
ETF Category: Defined Outcome | Exchange: BATS (USA) | Market Cap: 456m USD | Total Return: 11.6% in 12m
Avg Turnover: 3.61M
Warnings
No concerns identified
Tailwinds
Shakeout
GMAY is a non-diversified exchange-traded fund categorized under the Defined Outcome space. The fund achieves its investment objective by holding FLexible EXchange (FLEX) Options that track the price performance of the SPDR S&P 500 ETF Trust (SPY). Unlike standard equity options, FLEX Options allow the fund manager to customize specific terms, including expiration dates and exercise prices, to target a specific buffer against market losses while capping potential upside gains over a one-year period.
The Defined Outcome sector utilizes derivatives to create a structured risk-return profile, often appealing to investors seeking downside protection during volatile market cycles. By using FLEX Options, the fund avoids the direct ownership of underlying stocks, instead focusing on the price action of the S&P 500 index through a synthetic overlay. Detailed historical performance metrics for GMAY are available on ValueRay for those conducting further analysis. GMAY operates as a small-cap ETF with a market capitalization of approximately $438M USD since its inception in May 2023.
- S&P 500 price movement relative to 15% buffer threshold
- Options pricing volatility impacts FLEX contract premiums and valuations
- Investor demand for downside protection during equity market corrections
- Net expense ratio and management fees influence total fund returns
As of June 14, 2026, the stock is trading at USD 42.82 with a total of 60,211 shares traded.
Over the past week, the price has changed by +0.30%,
over one month by +0.49%,
over three months by +3.98% and
over the past year by +11.57%.
Exchange-Traded Fund VIII has no consensus analysts rating.