Defiance ETFs announced the launch of the Defiance Daily Target 2X Short HOOD ETF (ticker HOOZ) on November 13 2025. The fund is designed to deliver –200 % of the daily percentage change in Robinhood Markets’ share price, giving investors a leveraged inverse exposure to the company’s stock.
HOOZ will use derivatives such as swaps and futures to achieve its objective. The prospectus discloses that the fund’s performance is reset daily, so over periods longer than one day the return can diverge significantly from the inverse of the underlying share price. The fund is intended for sophisticated investors who understand the risks of daily compounding and the potential for large losses if held for extended periods. The exact date the ETF will begin trading has not yet been announced.
Robinhood’s share price has been highly volatile in recent months, falling roughly 30 % over the past six months. The introduction of a leveraged inverse ETF signals that market participants view the stock as a potential downside play and may increase speculative interest in short‑term positions against the company’s equity.
For Defiance, HOOZ expands its suite of single‑stock leveraged ETFs and is expected to generate additional management fees. For Robinhood, the presence of a short‑term betting vehicle may attract more short‑term traders to its platform, potentially increasing transaction‑fee revenue. The product also illustrates a broader trend of investors seeking highly leveraged, inverse exposure to individual stocks.
Investors should note that leveraged inverse ETFs are not suitable for long‑term holding. The fund’s prospectus includes a detailed risk disclosure that explains the daily rebalancing mechanism, the impact of volatility drag, and the possibility of significant deviation from the underlying index over time.
The launch of HOOZ represents a notable addition to the leveraged ETF landscape and underscores the growing appetite for speculative strategies targeting high‑volatility stocks such as Robinhood.
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