Tradr 2X Short SK hynix Daily ETF (SKHN)

The Tradr 2X Short SK hynix Daily ETF is a leveraged inverse single-stock exchange-traded fund from Tradr ETFs. It seeks daily investment results equal to negative two times the daily percentage change of SK hynix Inc., the South Korean manufacturer of DRAM, NAND flash and high-bandwidth memory chips.

The fund aims to gain when SK hynix shares decline on a given day and to lose when they rise, at twice the magnitude, using swaps or other derivatives to obtain its exposure. Because the inverse leverage resets each day, the fund targets its multiple for a single day only; over longer periods, compounding can cause results to differ substantially from negative two times the stock's cumulative return.