Roundhill HOOD WeeklyPay ETF (HOOW) is an actively managed exchange-traded fund that seeks to provide weekly distributions to shareholders; its secondary objective is to deliver calendar week returns, before fees and expenses, that correspond to 1.2 times (120%) the calendar week total return of Class A common shares of Robinhood Markets, Inc. (Nasdaq: HOOD). The fund achieves its objectives through investments in total return swap agreements, common stock of HOOD, cash equivalents, and U.S. Treasury bills, resulting in a concentrated portfolio typically comprising four holdings that collectively offer leveraged exposure to HOOD's weekly performance while facilitating regular payout payments. HOOW operates within the financials sector, specifically targeting capital markets through large-cap equities, and is non-diversified with a net expense ratio of 0.99%; it trades on Cboe BZX and caters to investors seeking enhanced weekly income and leveraged single-stock returns.
HOOW forms part of Roundhill Investments' WeeklyPay ETF suite, which emphasizes frequent income generation paired with 1.2x leveraged exposure to prominent large-cap stocks; related funds target equities such as AAPL, AMZN, BRK/B, COIN, META, NFLX, NVDA, PLTR, and TSLA. Launched on June 18, 2025, as one of five initial WeeklyPay products in this series, HOOW reflects Roundhill's expansion into innovative options-based income and leveraged thematic strategies amid surging demand for weekly-paying vehicles. Roundhill Investments, founded in 2018 and headquartered at 154 West 14th Street in New York, New York, manages the fund as an SEC-registered investment advisor with a portfolio exceeding 36 ETFs focused on thematic equity, income, and trading opportunities.
Recent developments for HOOW and its issuer include sustained inflows driving Roundhill's assets under management past $10 billion as of November 2025, up from $8 billion in late September, fueled by popularity of WeeklyPay offerings like HOOW that have collectively surpassed $250 million in AUM. In June 2025, Roundhill launched HOOW alongside four peer WeeklyPay ETFs and has since filed for additional ones targeting stocks including ABNB, AMD, and NVDA, signaling ongoing suite expansion. The firm continues to innovate with new products, such as the UNH WeeklyPay ETF (UNHW) launched in December 2025, underscoring strategic growth in high-frequency income ETFs amid robust year-to-date inflows exceeding $3.5 billion.