Direxion Launches SKHL ETF Focused on SK Hynix
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 15 hours ago
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Source: PRnewswire
- New ETF Launch: Direxion has filed with the SEC to launch the Direxion Daily SK Hynix Bull 2X ETF (SKHL), aiming for 200% of the daily performance of SK Hynix's ADR, expected to list on July 10, 2026, marking a significant milestone for SK Hynix in the U.S. market.
- Market Impact: The listing of SK Hynix is anticipated to be one of the largest ADR offerings in history, providing U.S. investors access to the world's leading supplier of high-bandwidth memory, further solidifying its central role in the AI data center supply chain, particularly in collaboration with Nvidia.
- Trading Strategy: The SKHL ETF will offer active traders a focused investment tool to act swiftly once the SK Hynix ADR begins trading, reflecting Direxion's strategic extension in the semiconductor sector and enhancing its leadership in the single-stock ETF market.
- Risk Advisory: Direxion's ETFs are designed for investors with a deep understanding of associated risks, emphasizing the high-risk nature of this ETF, including potential principal loss and market volatility, ensuring it aligns with the investor's strategy and risk tolerance.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
