Daily Target 2X Long HOOD ETF (HOOX)
Daily Target 2X Long HOOD ETF operates in the Asset Management - Leveraged industry of the Financial Services sector, headquartered in Miami, FL, US. The stock last traded at $28.56, up 1.10% on the session, giving a market capitalisation of $19.8M. Its beta of 6.76 implies it has historically moved more than the broad market.
The Defiance Daily Target 2X Long HOOD ETF (referred to as "the Fund") aims to achieve daily returns equivalent to two hundred percent (200%) of the daily movement in Robinhood Markets, Inc.'s share price (Nasdaq: HOOD). Due to its daily leveraged strategy, the Fund differs considerably from typical exchange-traded funds, and there's no guarantee it will consistently achieve its stated aim. Crucially, its design means it should not be expected to mirror two times the cumulative return of HOOD over timelines longer than a single trading day.
Daily Target 2X Long HOOD ETF is most often compared with the following Financial Services names: