Why Leverage Shares 2X Long HOOD Daily ETF (HOOG) Is Up +31% in the Last 30 Days
Key Takeaways
- HOOG climbed roughly 31% over the trailing 30 days, from about $26.00 to $34.01, as its single underlying stock, HOOD, rebounded sharply.
- The advance extends a broader trend, with the fund up roughly 91% over the trailing three months.
- The rally reflects a rebound in cryptocurrency prices, strong second-quarter results from Robinhood Markets, and renewed optimism around clearer U.S. digital-asset regulation.
- As a 2x daily leveraged single-stock exchange-traded fund (ETF), HOOG amplifies HOOD's daily moves, meaning gains and losses compound quickly and multi-day returns can diverge from 2x.
- The fund carries a 0.75% expense ratio and is designed for short-term tactical trading rather than buy-and-hold investing.
Leverage Shares 2X Long HOOD Daily ETF (HOOG) Overview and Portfolio Exposure
HOOG is a single-stock leveraged ETF that seeks to deliver two times (2x) the daily percentage return of Robinhood Markets, Inc., the retail brokerage and financial-services platform traded on Nasdaq under the ticker HOOD. Launched in March 2025, the fund achieves its leveraged objective through swap agreements and other derivatives rather than by holding Robinhood shares directly, with collateral held in U.S. Treasury obligations.
The portfolio is intentionally concentrated: roughly seven to eight positions consisting of Robinhood-linked total return swaps plus short-term Treasury securities used as collateral. Because exposure is synthetic and reset daily, the fund's performance over periods longer than a single trading session can differ materially from twice the return of HOOD, particularly during volatile stretches. With a total expense ratio of 0.75% and assets under management (AUM) of roughly $104 million, HOOG functions as a tactical, high-beta tool for expressing a short-term bullish view on Robinhood.
Leverage Shares 2X Long HOOD Daily ETF (HOOG) Price Performance: Last 30 Days vs. Quarter
Over the trailing 30 days, HOOG advanced approximately 31%, from a closing level near $26.00 to $34.01. The path was far from linear: the fund initially pulled back to about $21.20 in late July as Robinhood shares weakened, before staging a sharp V-shaped recovery through August that carried it back above $34.
The move was trend-driven and volatile rather than gradual, consistent with a leveraged product tied to a single high-beta stock. Over the trailing quarter, the gain is even more pronounced, with the fund rising roughly 91% from about $17.76 to $34.01. The difference between the 30-day and quarterly figures illustrates how quickly leveraged single-stock ETFs can reprice when the underlying asset reverses direction.
What Drove HOOG Price in the Last 30 Days
The dominant driver was Robinhood itself, whose shares rose about 17% over the same 30-day window from roughly $95.65 to $112.09. A rally in Bitcoin past $80,000 reignited retail risk appetite and lifted transaction expectations for crypto-exposed brokerages, giving HOOD a mechanical tailwind that flowed directly into HOOG's leveraged return.
Robinhood's second-quarter 2026 results reinforced the move. The company reported record revenue of $1.31 billion, up 32% year over year, with diluted earnings per share (EPS) of $0.62. Transaction-based revenue climbed 44% to $776 million, while event-contract (prediction market) revenue surged roughly tenfold to $156 million, surpassing crypto transaction revenue for the first time. Options revenue rose 29% to $342 million even as crypto revenue declined 38% year over year to $100 million.
Regulatory developments added further momentum. The June repeal of the pattern day trader rule broadened access to frequent trading for smaller accounts, while a White House push for digital-asset legislation—including the proposed CLARITY Act—eased uncertainty around crypto markets. Robinhood's continued expansion into tokenization, its blockchain network, and private-market investing also supported sentiment. The combination of a crypto rebound, strong earnings, and a friendlier regulatory backdrop concentrated buying pressure in HOOD and, in turn, HOOG.
What Drove HOOG Performance Over the Last Quarter
The fund's roughly 91% three-month gain reflects a broader re-rating of Robinhood rather than a single news event. Investors have increasingly valued the platform's diversification away from pure crypto trading toward options, event contracts, and equities, which provides a more balanced revenue mix. Record net deposits of $22 billion and funded customer growth to roughly 28.5 million underscored engagement trends that extend beyond short-term crypto flows.
At the sector level, capital rotated back into crypto-linked fintech names as Bitcoin broke out of a multi-month range and as institutional ETF inflows into digital assets resumed. Robinhood's operational leverage—where higher trading activity translates directly into transaction revenue—made it one of the clearest beneficiaries of that rotation, and HOOG's 2x structure amplified the move for traders positioned accordingly.
AI Screener
Tickeron's AI Screener is an AI-powered stock and ETF discovery platform that helps investors scan thousands of securities using technical indicators, fundamentals, volatility metrics, price patterns, industry filters, AI-generated signals, and performance characteristics. Rather than manually reviewing charts and financials one by one, users can set customizable criteria to surface securities matching specific strategies, sectors, or momentum profiles. The tool is designed to identify trending names, breakout candidates, and emerging opportunities more efficiently than traditional manual screening. For investors seeking to streamline their research and monitor evolving market themes, exploring the AI Screener can provide a structured starting point.
HOOG ETF Outlook: What Investors Should Watch Next
The most important variable for HOOG remains the price and trading activity of Robinhood shares, which are themselves sensitive to cryptocurrency prices and retail risk appetite. Sustained strength in Bitcoin and broader digital-asset volumes would tend to support transaction-based revenue, while a sharp reversal in crypto would likely pressure HOOD and magnify the downside in HOOG's leveraged structure.
Regulation is a second key factor. Progress on digital-asset legislation, the ongoing effects of the pattern day trader rule repeal, and any changes to the treatment of tokenized securities could all influence Robinhood's product expansion and trading volumes. Macroeconomic conditions, particularly the path of interest rates and Federal Reserve policy, will also matter, given their effect on risk sentiment and competition for retail capital.
Finally, investors should monitor the structural risk inherent in any daily-reset leveraged product. In choppy markets, volatility decay can erode HOOG's value even if HOOD ends a period roughly flat, and the fund can lose substantially more than its benchmark over extended holding periods. These dynamics make position sizing and holding period critical considerations for anyone using HOOG.
The information on this webpage is provided for general informational and educational purposes only and is not intended as investment advice, a recommendation to purchase or sell any security, or an offer or solicitation related to investments. It does not consider your personal financial situation, goals, or risk profile, and all investing carries inherent risks, including the possibility of losing your entire investment. For more details, please review our full disclaimer.
HOOG in -5.06% downward trend, declining for three consecutive days on September 11, 2026
Moving lower for three straight days is viewed as a bearish sign. Keep an eye on this stock for future declines. Considering data from situations where HOOG declined for three days, in 69 of 73 cases, the price declined further within the following month. The odds of a continued downward trend are 90%.
Technical Analysis (Indicators)
Bearish Trend Analysis
The 10-day RSI Indicator for HOOG moved out of overbought territory on September 04, 2026. This could be a bearish sign for the stock. Traders may want to consider selling the stock or buying put options. Tickeron's A.I.dvisor looked at 16 similar instances where the indicator moved out of overbought territory. In 14 of the 16 cases, the stock moved lower in the following days. This puts the odds of a move lower at 88%.
The Stochastic Oscillator may be shifting from an upward trend to a downward trend. In 15 of 19 cases where HOOG's Stochastic Oscillator exited the overbought zone, the price fell further within the following month. The odds of a continued downward trend are 79%.
HOOG broke above its upper Bollinger Band on September 03, 2026. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.
Bullish Trend Analysis
The Momentum Indicator moved above the 0 level on August 19, 2026. You may want to consider a long position or call options on HOOG as a result. In 18 of 19 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are 90%.
The Moving Average Convergence Divergence (MACD) for HOOG just turned positive on August 12, 2026. Looking at past instances where HOOG's MACD turned positive, the stock continued to rise in 12 of 12 cases over the following month. The odds of a continued upward trend are 90%.
HOOG moved above its 50-day moving average on September 02, 2026 date and that indicates a change from a downward trend to an upward trend.
The 10-day moving average for HOOG crossed bullishly above the 50-day moving average on September 01, 2026. This indicates that the trend has shifted higher and could be considered a buy signal. In 3 of 3 past instances when the 10-day crossed above the 50-day, the stock continued to move higher over the following month. The odds of a continued upward trend are 90%.
Following a +42.43% 3-day Advance, the price is estimated to grow further. Considering data from situations where HOOG advanced for three days, in 81 of 86 cases, the price rose further within the following month. The odds of a continued upward trend are 90%.
The Aroon Indicator entered an Uptrend today. In 89 of 89 cases where HOOG Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are 90%.