GraniteShares Autocallable HOOD ETF (AHD)

The GraniteShares Autocallable HOOD ETF (AHD) is an exchange-traded fund from GraniteShares whose returns are linked to the share price of Robinhood Markets, the online brokerage and financial services company.

The fund seeks income by gaining exposure to autocallable structures referencing Robinhood stock. An autocallable typically pays periodic coupons as long as the underlying stock stays above a set barrier level and is called, or terminated early, if the stock rises above a predetermined trigger. Such structures can limit participation in strong gains, and investors can be exposed to declines in the stock if it falls below the barrier.

The fund does not invest in Robinhood in a conventional way, and its results can differ substantially from the stock's own performance. Its shares are listed on Nasdaq.