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Harvest Announces Filing of the Preliminary Prospectus for Harvest Apple Enhanced High Income Shares ETF

1. Harvest launched an Apple-focused ETF to enhance income from AAPL. 2. The ETF employs leverage and covered calls to maximize returns.

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FAQ

Why Bullish?

The launch of a single-stock ETF can drive demand for AAPL shares, similar to historical trends seen with other ETFs tied to large tech firms. For example, when ARK Invest launched its ETFs focused on innovative companies, stock prices for several included firms surged due to increased inflows.

How important is it?

The creation of an Apple-focused ETF signifies increased institutional interest in AAPL, potentially enhancing its stock liquidity and attractiveness to income-focused investors, which could positively influence its stock performance.

Why Short Term?

The ETF's introduction may lead to immediate interest and market activity around AAPL shares. In the short run, new financial products can significantly affect stock prices, as seen with thematic ETFs during tech booms.

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OAKVILLE, Ontario--(BUSINESS WIRE)--Harvest Portfolios Group Inc. (“Harvest”) is pleased to announce that it has filed a preliminary prospectus with the Canadian securities regulators for the Harvest Apple Enhanced High Income Shares ETF (“APLE”). APLE provides single-stock ETF access to the growth potential of Apple Inc. by engaging modest leverage and an active covered call strategy designed to generate enhanced high monthly income. “Harvest is pleased to add this new offering to expand our s.

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