Leverage Shares 2X Short Sk Hynix Daily ETF (SKHQ)

The Leverage Shares 2X Short SK Hynix Daily ETF is a leveraged inverse single-stock exchange-traded fund from Leverage Shares, a sponsor of leveraged and inverse exchange-traded products. It seeks daily investment results equal to negative two times the daily percentage change of SK hynix Inc., the South Korean memory chipmaker.

SK hynix produces DRAM, NAND flash and high-bandwidth memory used in servers, personal computers, smartphones and AI accelerators. The fund uses swaps or other derivatives to deliver its inverse exposure, which resets daily. As a result, it targets its stated multiple for a single day only, and over longer periods compounding can cause performance to diverge significantly from negative two times the stock's return.