Direxion Daily HOOD Bull 2X ETF
HODU
NASDAQ Global Market- -
USD
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- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Leveraged
- Address
- 1301 Avenue of the Americas, 28th Floor New York NY United States of America 10019
- IPO Date
- Nov 19, 2025
- CIK
- 0001424958
- Website
- direxion.com
- Similar Companies
- Business
- Direxion Daily HOOD Bull 2X Shares (NASDAQ: HODU) is a leveraged exchange-traded fund that seeks daily investment results, before fees and expenses, of 200% of the daily performance of the Robinhood Markets, Inc. Class A common stock (NASDAQ: HOOD). The fund provides amplified exposure to the performance of HOOD stock through the use of financial instruments including swap agreements, securities of the underlying stock, exchange-traded funds, and money market instruments. It primarily targets sophisticated investors seeking short-term trading opportunities in the financial services sector, with a focus on retail brokerage and cryptocurrency trading platforms represented by Robinhood Markets, Inc. The fund operates globally through U.S.-listed shares traded on the Nasdaq exchange, with investment activities benchmarked solely to HOOD's performance irrespective of geographic boundaries. Launched in 2024 by Direxion Investments, a subsidiary of Rafferty Asset Management, LLC, headquartered in Rye Brook, New York, HODU fits within the broader leveraged and inverse ETF segment managed by Direxion. Direxion Investments offers a suite of similar daily leveraged ETFs across sectors such as technology, semiconductors, and financials; options include the Direxion Daily Financial Bull 3X Shares and Daily Technology Bull 3X Shares. In recent developments, Direxion has expanded its single-stock ETF lineup amid growing retail interest in leveraged products tied to high-growth names like Robinhood, with HODU introduced as part of a 2024 wave of new leveraged ETFs tracking individual equities. No major acquisitions, funding rounds, or name changes have been announced for HODU in the past 1-2 years; however, the underlying Robinhood Markets, Inc. reported strategic expansions including international growth into the UK and EU markets, alongside partnerships enhancing cryptocurrency offerings and payment services as of late 2025. The fund maintains a high expense ratio typical of leveraged products, emphasizing daily resets that compound returns over time for extended holding periods.