ProShares Ultra SK hynix (SKHU)

ProShares Ultra SK hynix is a leveraged single-stock exchange-traded fund from ProShares that seeks daily investment results equal to two times the daily performance of SK hynix Inc. SK hynix is a South Korean semiconductor company producing DRAM, NAND flash and high-bandwidth memory used in data centers and AI systems.

The fund obtains its leveraged exposure through swap agreements and other derivatives. Because ProShares' Ultra funds reset their leverage daily, the fund targets twice the stock's return for a single day only; over longer holding periods, compounding can cause results to differ significantly from twice the stock's cumulative return, especially during volatile markets.