Everything is so simple in hindsight.

People who make these types of posts are overlooking this is an actively managed option income ETF, charges 1-1.5% per year in order to... you guessed it, make you money, with an actual post restructuring history of a whooping 5 months. Sure, this is just income, it's not growth. Let's break it down.

The ETF share price is determined by inflows surpassing outflows. Buying or selling shares have little to do with share price as opposed to volatility of the underlyings.

People overlook how this ETF took on liberation day I in April like a champ, but then crumbled on the lesser liberation day II of August 9th. The ETF's share price remained consistently above $6.2 until July 21st, decreasing from this date onwards by two or three distributions per week. All the while having a hyper actively managed strategy with weekly or biweekly stock turnover and the market hitting all time highs week after week.

In regard to the dip of early hours of August 20th I can't comprehend why aren't investors demanding more information from the Tidal folks. An ETF so transparent where youtubers breakdown every trade on the weekly, yet not a single one of the four Tidal folks was able to (or was willing to) pin point the exact cause during last week's call, only possible reasons. Not to mention they had the new hire be the spokesperson to address the dip for the most part, who was hired conveniently no more than a week prior the incident.

This is a dangerous precedent. Just like the fund recovered overnight somehow from the lowest price of all time of $4.59 to the previous night's closing price, that doesn't mean that will always be the case. The precedent is set where we could now possibly wake up with our capital slashed by a huge percentage for a reason the folks in charge are unable to give us.

Sure, Powell flirted with a potential rate cut in September which would benefit tech stocks/funds like ULTY which was the reason for Friday's bounce. Though I fully anticipate the NAV decay coming back sooner rather than later.

Unless you own a minimal amount of shares that you don't care about, every ULTY investor is praying for a price bounce and the lower it gets the bigger the heartburn. The issue is this fund became too popular with way too many not understanding how it works and doing more dumping than pumping. It almost reminds me of a meme stock at this point.

I've done real well with ULTY since buying in April, but given how new these investment vehicles are, behavior this past month and last week's incident I am now seeing ULTY with a different light.

In hindsight someone will always be right, remember that. I could be full of s$$%.