GraniteShares 2x Short SK Hynix Daily ETF (SKDD)

The GraniteShares 2x Short SK Hynix Daily ETF is a leveraged inverse single-stock exchange-traded fund from GraniteShares. It seeks daily investment results equal to negative two times the daily percentage change of SK hynix Inc., the South Korean memory chipmaker known for DRAM, NAND flash and high-bandwidth memory used in AI computing.

The fund is designed to rise when SK hynix shares fall on a given day and to fall when they rise, with twice the magnitude. It obtains its exposure through swaps or other derivatives. Because the leverage resets daily, the fund targets the inverse multiple for one day only, and over longer holding periods compounding can cause results to deviate substantially from negative two times the stock's cumulative return.