The filing comes days before SK hynix's expected Nasdaq listing, which is tipped to be among the largest ADR offerings on record.
Direxion has filed with the US Securities and Exchange Commission to launch the Direxion Daily SK Hynix Bull 2X ETF (SKHL), a leveraged fund designed to deliver 200% of the daily performance of the American depositary receipt (ADR) of SK hynix Inc. Direxion's move follows plans for the SK hynix ADR to debut on Nasdaq on 10 July The ADR is expected to trade on Nasdaq under the ticker SKHY. The filing comes as SK hynix rides a wave of investor enthusiasm fueled by booming demand for high-band