What's Going On With Robinhood Stock Today?

Robinhood Markets Inc (NASDAQ:HOOD) shares are trading higher. The company on Tuesday announced operating data for February.

What Happened: Robinhood announced that funded customers reached 25.6 million at the end of February, up approximately 150,000 from January and approximately 2 million year-over-year.

Assets under custody totaled $187 billion at month’s end, down 8% from January and up 58% on a year-over-year basis. Net deposits came in at $4.8 billion last month, representing a 28% annualized growth rate.

• Equity notional trading volumes were up 77% year-over-year to $142.9 billion.

• Options contracts traded climbed 39% year-over-year to 165.6 million.

• Crypto notional trading volumes were up 122% year-over-year to $14.4 billion.

Margin balances totaled $8.7 billion at the end of February, up 129% year-over-year, and total cash sweep balances were up 45% year-over-year to $26.2 billion.

Robinhood noted that its monthly operating data does not include futures trading volumes or TradePMR, which the company acquired on Feb. 26.

HOOD Price Action: Robinhood shares are down nearly 30% over the past month, according to Benzinga Pro. The stock was up 4.80% at $37.34 at the time of publication Tuesday.

Read Next:

• Traders Await Pivotal February Inflation Data As Stagflation Fears Weigh On Wall Street: What To Expect

Photo: Shutterstock.