GraniteShares YieldBOOST HOOD ETF (HOYY) is an exchange-traded fund that seeks current income through options strategies, primarily by selling put options on leveraged exchange-traded funds tracking 2x the daily performance of Robinhood Markets, Inc. (HOOD) common stock; its secondary objective provides limited exposure to the underlying leveraged ETFs' performance, subject to caps on potential gains. The fund, which lists on NASDAQ with CUSIP 38747R256 and a total annual operating expense ratio of 1.07%, targets weekly distributions calculated from option premiums alongside a 30-Day SEC Yield excluding such income. GraniteShares, founded in 2016 and headquartered at 222 Broadway, 21st Floor, New York, NY 10038, manages HOYY as part of its innovative ETF lineup focused on leveraged single-stock exposure, commodities, and high-income strategies across U.S. and European exchanges.
Launched on September 30, 2025, alongside the YieldBOOST SMCI ETF (SMYY), HOYY expanded GraniteShares' YieldBOOST platform, which applies systematic put-writing on 2x long daily leveraged ETFs tied to high-growth stocks; the suite reached over $649.5 million in assets under management by late November 2025. In December 2025, GraniteShares further grew the YieldBOOST family with launches of funds-of-funds ETFs, building on weekly distribution announcements for HOYY and peers like COYY, TSYY, and NVYY in October 2025. These developments reflect GraniteShares' strategy to target income opportunities in sectors such as digital assets, consumer health, AI, and fintech through over $11 billion in total firm assets under management as of November 2025.