The exchange-traded fund (ETF) offers 2x daily exposure to SK hynix ADRs, giving investors a leveraged way to capitalise on growing demand for AI-driven memory semiconductors.
ProShares has launched the ProShares Ultra SK hynix (NYSE Arca: SKHU) which aims to deliver twice the daily performance of SK hynix shares and provides investors with leveraged exposure to the semiconductor player through a single, exchange-listed vehicle. SK hynix's pivotal role in the AI ecosystem was a major driver behind the introduction of the ETF ProShares highlighted growing investor interest in SK hynix, one of the world's leading memory chip manufacturers and a key supplier of advan