Direxion Daily SK Hynix Bull 2X ETF (SKHL)

The Direxion Daily SK Hynix Bull 2X ETF is a leveraged single-stock exchange-traded fund from Direxion that seeks daily investment results equal to 200% of the daily percentage change of SK hynix Inc. SK hynix, based in Icheon, South Korea, produces memory semiconductors such as DRAM, NAND flash and high-bandwidth memory for AI accelerators.

The fund achieves its leveraged exposure primarily through swap agreements and other derivatives. Because it rebalances daily, it targets twice the stock's return for a single day only, and over periods longer than one day compounding can cause its returns to differ significantly from twice the cumulative return of SK hynix shares, particularly when they are volatile.