Leverage Shares 2X Long SK Hynix Daily ETF (SKHX)

The Leverage Shares 2X Long SK Hynix Daily ETF is a leveraged single-stock exchange-traded fund from Leverage Shares that seeks daily investment results equal to 200% of the daily percentage change of SK hynix Inc. SK hynix, headquartered in Icheon, South Korea, is a leading producer of DRAM, NAND flash and high-bandwidth memory chips.

The fund gains its leveraged exposure through swaps or other derivatives referencing SK hynix shares. Its leverage resets every trading day, so it targets twice the stock's return for a single day only. Over longer holding periods, compounding can cause the fund's performance to deviate materially from twice the stock's cumulative return.