Industry description
The investment seeks daily leveraged investment results of two times (200%) the daily percentage change in the share price of Robinhood Markets, Inc. (Nasdaq: HOOD).
The fund is an actively managed exchange traded fund (“ETF”) that attempts to achieve two times (200%) the daily percentage change in the share price of the Underlying Security by employing derivatives, namely swap agreements and/or listed options contracts. The fund is non-diversified.
High and low price notable news
The average weekly price growth across all stocks in the Defiance Daily Target 2X Long HOOD ETF ETF was -2%. For the same ETF, the average monthly price growth was 42%, and the average quarterly price growth was 0%. HOOD experienced the highest price growth at -1%, while HOOD experienced the biggest fall at -1%.