World’s largest provider of leveraged and inverse ETFs expands its single-stock ETF lineup with 2x SK hynix ETF following the U.S. listing of the company’s ADRs
ProShares, the world’s leader in geared (leveraged and inverse) investing, announced the launch of ProShares Ultra SK hynix , targeting 2x the daily returns of the American Depositary Receipt (ADR) of SK hynix. The 2x SK hynix ETF gives U.S. investors, for the first time, a way to magnify a bullish view on the company.
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“SKHU gives investors a convenient way to magnify a bullish view on SK hynix through a single ticker in a brokerage,” said ProShares CEO Michael L. Sapir.
SK hynix’s U.S. listing of its ADRs drew significant investor interest, with shares rising approximately 13% on the day of the offering to close at $168.01.1 The company is a leading manufacturer of advanced memory chips and plays an important role in AI infrastructure by supplying memory used in artificial intelligence, data centers, and digital devices.
“Demand for advanced memory chips has grown alongside the rapid expansion of artificial intelligence,” said ProShares CEO Michael L. Sapir. “SKHU gives investors a convenient way to magnify a bullish view on SK hynix through a single ticker in a brokerage account.”
ProShares offers the world’s largest lineup of geared ETFs, with more than 115 funds and over $85 billion in assets across equities, fixed income, commodities, currencies, crypto, and volatility.2 The 2x SK hynix ETF joins ProShares’ lineup of single-stock ETFs, including funds targeting 2x daily returns of SpaceX, Circle, Coinbase, NVIDIA, Palantir and Tesla.
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