ODHY - Obra Defensive High Yield ETF
ODHY is actively managed and invests primarily in high yield, USD-denominated corporate bonds (junk bonds). It uses a bottom-up, value-driven process in selecting securities, targeting larger companies with significant cash flow and higher-rated bonds (B3/B or better). The advisor assesses each companys credit risk through a proprietary default risk rating (DRR), which evaluates default probability, loan recovery, and other factors such as audited financial statements, restricted payments covenants, and industry classifications.
- Sector
- Financial Services
- Industry
- Asset Management - Bonds
- Market Cap
- $5.1M
- Beta
- 0.10
- 52-Week Range
- 9.849-10.125
- Dividend Yield
- $0.43
- IPO Date
- Jun 30, 2025
- Exchange
- AMEX
ODHY Options Snapshot
Options pricing data for ODHY is refreshed daily after the close. When listed contracts exist, this page surfaces the latest at-the-money implied volatility, max pain strike, dealer gamma exposure (GEX), and 25-delta skew. Listed contracts and live snapshots appear once the options chain has been published by the exchange for the most recent session.
What This Page Covers
The ODHY overview links into per-metric analysis views: max pain, gamma exposure, volatility skew, expected move, options chain, open interest history, and aggregate Greeks. Microstructure data is available on short interest, short volume, fail-to-deliver, and market structure.
Frequently asked ODHY overview questions
- What is ODHY?
- ODHY is the ticker symbol for Obra Defensive High Yield ETF, an listed exchange-traded fund. ODHY is actively managed and invests primarily in high yield, USD-denominated corporate bonds (junk bonds). It uses a bottom-up, value-driven process in selecting securities, targeting larger companies with significant cash flow and higher-rated bonds (B3/B or better). Listed on AMEX. ODHY is the ETF ticker shown on this page; ETF traders use the fund for diversified exposure to its underlying basket, for sector and factor rotation, and for hedging or replication strategies via the listed options chain.
- What are ODHY's key statistics?
- Obra Defensive High Yield ETF (ODHY) carries a market capitalization of $5.1M, 52-week range of 9.849-10.125. Full holdings disclosure, expense ratio, and tracking-error history live on the per-ticker fundamentals page or the sponsor's site; daily NAV and premium/discount-to-NAV are accessible from the same view. These structural inputs frame how the ETF options market prices implied volatility relative to its constituents.
- What sector or industry does ODHY belong to?
- Obra Defensive High Yield ETF operates in the Financial Services sector, in the Asset Management - Bonds industry. Sector classification affects how the ticker correlates with sector ETFs, how it reacts to macro factors like rate moves and commodity prices, and how its options pricing compares to sector peers. Compare ODHY's implied volatility and skew against sector benchmarks to gauge whether the options market is pricing single-name or systemic risk relative to the broader peer group.
- How current is the ODHY data on this page?
- Options snapshots refresh after each trading session; if no snapshot is currently posted for ODHY, it usually reflects low options liquidity or a recently listed name. Fund-level fields (sponsor, expense ratio, holdings concentration where available) refresh from the vendor feed nightly. ETF-specific filings (N-CSR, N-PX, N-CEN) update on the SEC EDGAR cadence. FINRA microstructure data refreshes on the source's cadence; for ETFs the off-exchange volume signal is dominated by authorized-participant creation and redemption rather than directional flow.