- What does HOOI invest in?
- An actively managed ETF aiming to deliver approximately 150% to 200% of the daily price performance of Robinhood Markets (HOOD) through derivatives like swap agreements, while also generating income using a credit call spread strategy.
- What is the expense ratio of HOOI?
- Leveraged Long + Income HOOD ETF (HOOI) charges an expense ratio of 1.51%. This is the annual fee deducted from fund assets to cover management and operations.
- Is HOOI a good long-term hold?
- HOOI is a leveraged fund designed to deliver a daily multiple of its underlying index. Daily reset compounding means returns over multi-day periods can diverge significantly from the headline multiple — typically negative drift in choppy markets. These funds are designed for short-term tactical use, not buy-and-hold. Review the fund's prospectus before holding more than a few days.
- How does HOOI's daily reset work?
- HOOI rebalances exposure each trading day to maintain its target leverage ratio against the next day's move. The daily reset means returns compound at the daily level — so a +1%, −1% sequence on the underlying doesn't return the underlying to flat after the leverage multiplier. Over time this path-dependence erodes returns in volatile markets and amplifies them in trending markets.
- How big is HOOI?
- Leveraged Long + Income HOOD ETF (HOOI) manages $2.0M in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure — funds below ~$50M are at higher risk of liquidation.
- Is HOOI actively managed or an index fund?
- HOOI's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy.
