GraniteShares 2x Long SK Hynix Daily ETF (SKUU)

The GraniteShares 2x Long SK Hynix Daily ETF is a leveraged single-stock exchange-traded fund from GraniteShares that seeks daily investment results equal to two times the daily percentage change of SK hynix Inc. SK hynix is a South Korean memory semiconductor company producing DRAM, NAND flash and high-bandwidth memory used in AI accelerators and data centers.

The fund obtains its leveraged exposure through swap agreements or other derivatives. Since its leverage resets each trading day, it targets twice the stock's return for a single day only; over longer holding periods, compounding can cause its performance to differ significantly from twice the cumulative return of SK hynix shares.