GraniteShares YieldBOOST HOOD ETF (HOYY)
GraniteShares YieldBOOST HOOD ETF operates in the Asset Management - Leveraged industry of the Financial Services sector, headquartered in New York, NY, US. The stock last traded at $5.15, up 0.59% on the session, giving a market capitalisation of $178,463. Its beta of 0.93 implies it has historically moved less than the broad market.
The fund primarily aims to generate current income for its investors. A secondary objective is to achieve exposure to the performance of certain exchange-traded funds (ETFs) that are listed on U.S.-regulated exchanges. These specific ETFs are structured to provide a daily leveraged return, meaning they target two times (200%) the daily percentage movement of Robinhood Markets, Inc. (HOOD) common stock. However, it's important to understand that any potential investment gains from this strategy are subject to a predetermined limit.
GraniteShares YieldBOOST HOOD ETF is most often compared with the following Financial Services names: