Leverage Shares 1X Short SK Hynix Daily ETF (SKHZ)

The Leverage Shares 1X Short SK Hynix Daily ETF is an inverse single-stock exchange-traded fund from Leverage Shares. It seeks daily investment results equal to the inverse, or negative one times, the daily percentage change of SK hynix Inc., the South Korean manufacturer of DRAM, NAND flash and high-bandwidth memory chips.

The fund is designed to rise in value on days when SK hynix shares fall and to decline when they rise, using swaps or other derivatives to obtain its short exposure. Because its exposure resets daily, it targets the inverse of the stock's return for a single day only, and over longer periods compounding can cause results to differ from the inverse of the stock's cumulative return.