T-Rex 2X Long HOOD Daily Target ETF (ROBN)

The T-Rex 2X Long HOOD Daily Target ETF (ROBN) is an exchange-traded fund that seeks daily investment results equal to two times (200%) the daily percentage change in the share price of Robinhood Markets (HOOD). It is sponsored by REX Shares together with Tuttle Capital Management under the T-Rex brand.

Robinhood Markets operates a commission-free online brokerage platform offering trading in stocks, options and cryptocurrencies, along with retirement accounts and other financial services. The fund does not hold a simple long position alone; it obtains its leveraged exposure mainly through swap agreements and similar derivatives tied to HOOD shares, along with cash and short-term instruments held as collateral.

Because the 2x target is reset every trading day, the fund is built for short-term daily exposure. Over periods longer than one day, compounding means its performance can differ significantly from twice the return of HOOD over the same period.