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What the launch of SK Hynix leveraged ETFs tells us about the hottest trade on Wall Street
- Investing Markets Startups
Ramit Sethi- 6 minutes read
Updated
SK Hynix’s debut on the Nasdaq has so far been met with enthusiasm from U.S. investors — and lots of volatility. Now, a host of funds are looking to give traders even more exposure to one of the memory boom’s largest beneficiaries.
ETF provider Direxion launched its Direxion Daily SK Hynix Bull 2X ETF
SKHL on Wednesday, which it said will aim to deliver 200% of the daily performance of SK Hynix’s American depositary receipts SKHY. The leveraged ETF will trade under the ticker symbol “SKHL”, and joins other recently launched leveraged products like the Corgi SK Hynix 2x Daily ETF SK, the T-REX 2X Long SKHY Daily Target ETF HYNX and offerings from GraniteShares and Leverage Shares.
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