Ticker:
SKHZ
1x Short SK Hynix Daily ETF
Expense Ratio: 0.75%
*Short-term investment. Leveraged funds carry significant risk.
SKHX 2x Long SK Hynix Daily ETF
Short-term investment. Leveraged funds carry significant risk. See prospectus for details.
Explore SKHXOverview
What is the SKHZ ETF?
The Leverage Shares 1x Short SK Hynix Daily ETF (SKHZ) is a 1x Daily Inverse (Bear) exchange traded fund (ETF) designed to provide -100% (-1x) the daily performance of SK Hynix (SKHY), minus fees and expenses. This product allows sophisticated investors and active traders to gain inverse exposure to a single underlying through a regulated, liquid inverse ETF structure listed on Cboe — without the operational burden of short-selling or a margin account.
Fund Objective
To seek daily investment results, before fees and expenses, that correspond to -100% (-1x) the daily performance of the underlying (SKHY).
Who is this fund for?
Sophisticated investors and active traders seeking to express short-term bearish views on SKHY or tactically hedge long positions, via transparent inverse exposure and without using a margin account or borrowing shares to short.
Management fees lower than the category average
*Source: ETF.com. Universe of 308 daily leveraged & inverse ETFs compared to Leverage Shares SKHY short & leveraged ETFs, as of 06/25/26
Key Facts
Key Information
As of 07/23/2026
Trading Details
As of 07/23/2026
Distributions
As of 07/23/2026
2025 Distribution Schedule
Distribution Schedule (.xlsx)*The 30-day SEC yield is a standardized calculation used for bond funds, specifically those registered with the U.S. Securities and Exchange Commission (SEC). It represents the net investment income (dividends and interest) earned over the last 30 days, after deducting expenses, and expressed as an annualized rate.
Distributions are not guaranteed.
ETF Prices
As of 07/21/2026
Holdings & Characteristics
Fund Holdings*
As of 07/22/2026
*Holdings Subject to Change
The Fund is not suitable for all investors. The Fund is designed to be utilized only by knowledgeable investors who understand the potential consequences of seeking daily inverse leveraged (-1x) investment results, understand the risks associated with the use of leverage and inverse exposure and are willing to monitor their portfolios frequently. The Fund is not intended to be used by, and is not appropriate for, investors who do not intend to actively monitor and manage their portfolios. For periods longer than a single day, the Fund will lose money if underlying stock’s performance is flat, and it is possible that the Fund will lose money even if underlying stock’s performance decreases over a period longer than a single day. An investor could lose the full principal value of his/her investment within a single day if the price of underlying stock rises by more than 50% in one trading day.
Because of daily rebalancing and the compounding of each day’s return over time, the return of the Fund for periods longer than a single day will be the result of each day’s returns compounded over the period, which will very likely differ from -100% of the return of the underlying security over the same period. The Fund will lose money if the underlying security performance is flat over time, and as a result of daily rebalancing, the underlying security’s volatility and the effects of compounding, it is even possible that the Fund will lose money over time while the underlying security’s performance decreases over a period longer than a single day.
Sector & Country Breakdown
Performance
Performance History
Performance is shown on a total return basis (i.e., with gross income reinvested, where applicable). Cumulative return is the aggregate amount that an investment has gained or lost over time. Annualized return is the average return gained or lost by an investment each year over a given time period.
The performance data quoted represents past performance. Past performance does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor’s shares, when sold or redeemed, may be worth more or less than their original cost and current performance may be lower or higher than the performance quoted. High short-term performance, when observed, is unusual and investors should not expect such performance to be repeated.
Shares of ETFs are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. Brokerage commissions will reduce returns. The market price returns are based on the official closing price of an ETF share or, if the official closing price isn’t available, the midpoint between the national best bid and national best offer (NBBO) as of the time the ETF calculates current NAV per share, and do not represent the returns you would receive if you traded shares at other times. NAVs are calculated using prices as of 4:00 PM Eastern Time. Indices are unmanaged and do not include the effect of fees, expenses, or sales charges. One cannot invest directly in an index.
Key Features & Competitive Advantages
Cost Leadership (0.75% Expense Ratio)
SKHZ features a total expense ratio of 0.75%, which is approximately 40% lower than the category average for comparable leveraged and inverse single-stock ETFs. This minimizes the drag on returns for active traders.
Risk Management (No Margin Calls)
Unlike short-selling - where losses are theoretically unlimited if the underlying rises - investors in SKHZ cannot lose more than their initial investment. There is no risk of a broker issuing a margin call, forcing a buy-to-cover, or charging share-borrow fees. This provides a defined-risk structure for expressing a bearish view.
Institutional-Grade Collateral
The fund’s synthetic exposure is backed by US Treasury Obligations, providing a layer of safety and credit quality regarding the fund's assets, distinct from competitors that may hold lower-grade cash equivalents.
High Liquidity & Access
Traded on Cboe, SKHZ offers intraday liquidity with tight , allowing traders to enter and exit bearish positions instantly during market hours - without the complexity of put , the operational requirements of locating and borrowing shares to short, or the margin demands of contracts.
Frequently Asked Questions about SKHZ
The Leverage Shares -1x Short SK Hynix Daily ETF (SKHZ) features a total expense ratio of 0.75%. This is currently one of the most cost-efficient structures for -1x inverse (short) exposure to SK Hynix (SKHY) in the U.S. market.
SKHZ is designed for short-term trading (intraday or daily). While you can hold the Leverage Shares 1x Short SK Hynix Daily ETF longer, the fund rebalances daily to maintain its -1x inverse target on SK Hynix stock (SKHY). Over time, this daily rebalancing may cause your returns to differ significantly from the inverse of the underlying SK Hynix (SKHY) stock due to volatility decay.
An investor in SKHZ can lose the full value of their investment if the underlying SK Hynix stock (SKHY) rises by more than 100% in a single trading day. Because SKHZ is a -1x short fund, it loses value when SK Hynix (SKHY) climbs. However, unlike short-selling on margin, you cannot lose more than your initial investment in the Leverage Shares 1x Short SK Hynix Daily ETF (you cannot go into debt or face a margin call).
An inverse ETF is an exchange-traded fund that uses financial derivatives to deliver the opposite of the daily returns of an underlying stock or benchmark. The Leverage Shares 1x Short SK Hynix Daily ETF (SKHZ) is a single-stock inverse leveraged ETF that aims to return -1x the daily performance of SK Hynix stock (SKHY) — if SK Hynix (SKHY) falls 1% in a day, SKHZ targets a 1% gain; if SK Hynix (SKHY) rises 1%, SKHZ targets a 1% loss.
The Leverage Shares 1x Short SK Hynix Daily ETF (SKHZ) typically uses derivatives like total return , contracts, and to deliver -1x inverse daily exposure to SK Hynix (SKHY). The fund manager rebalances these short positions daily to maintain SKHZ's target inverse leverage ratio against SK Hynix stock (SKHY), without requiring investors to borrow shares or open a margin account.
The -1x inverse leverage target of the Leverage Shares 1x Short SK Hynix Daily ETF (SKHZ) applies to single-day returns, not longer periods. Each day, SKHZ rebalances to restore its -1x inverse leverage ratio against SK Hynix (SKHY) based on the new net asset value. This daily reset is fundamental to how SKHZ and other inverse leveraged ETFs work.
Because of daily rebalancing, the Leverage Shares 1x Short SK Hynix Daily ETF (SKHZ) can lose value over time even if SK Hynix stock (SKHY) ends up flat, particularly in choppy, volatile markets. When SK Hynix (SKHY) moves up and down repeatedly, the compounding of SKHZ's daily inverse leveraged returns erodes value. This effect intensifies with SKHZ's -1x leverage and with greater volatility in SK Hynix (SKHY) shares.
Generally no. The Leverage Shares 1x Short SK Hynix Daily ETF (SKHZ) is designed for short-term tactical trading and hedging, often single-day holds, for traders expressing a bearish view on SK Hynix (SKHY). Holding SKHZ for weeks or months can produce returns that diverge significantly from -1x the performance of SK Hynix stock (SKHY) over that period, sometimes dramatically so in volatile markets.
