Defiance Launches HOOX: 2X Leveraged ETF for Robinhood Markets, Inc.

Core Viewpoint - Defiance ETFs has launched HOOX, a 2X leveraged single-stock ETF aimed at providing amplified exposure to Robinhood Markets, Inc. (NASDAQ:HOOD) without the need for a margin account [1][2][3] Group 1: Product Overview - HOOX seeks to achieve daily investment results that correspond to twice (200%) the daily percentage change of Robinhood Markets [2] - The ETF is designed for investors looking for enhanced returns as Robinhood expands its offerings and influences the future of trading [3] Group 2: Company Background - Defiance ETFs, founded in 2018, specializes in thematic, income, and leveraged ETFs, positioning itself as a leader in ETF innovation [6] - The company aims to empower investors by providing leveraged single-stock ETFs that allow for amplified positions in high-growth companies [6] Group 3: Investment Strategy - HOOX is intended for knowledgeable investors who understand the risks associated with daily leveraged investment objectives [4][15] - The fund's structure allows for daily rebalancing, resulting in a higher number of portfolio transactions compared to traditional ETFs [16]