The ProShares Ultra SK hynix ETF (SKHU) will offer investors 2x daily exposure to the semiconductor group's ADR.

ProShares has launched the ProShares Ultra SK hynix ETF (NYSE Arca: SKHU) on 13 July, giving investors a way to gain 2x daily exposure to the performance of the American Depositary Receipt (ADR) of South Korean chipmaker SK hynix. The ETF will join ProShares’ growing lineup of single-stock leveraged products The ETF will join ProShares’ growing lineup of single-stock leveraged products, which includes funds tied to companies such as SpaceX, Circle, Coinbase, NVIDIA, Palantir and