Ticker:
SKHX
2x Long SK Hynix Daily ETF
Expense Ratio: 0.75%
*Short-term investment. Leveraged funds carry significant risk.
SKHZ 1x Short SK Hynix Daily ETF
Short-term investment. Leveraged funds carry significant risk. See prospectus for details.
Overview
What is the SKHX ETF?
The Leverage Shares 2x Long SK Hynix Daily ETF (SKHX) is a 2x Daily Leveraged (Bull) exchange traded fund (ETF) designed to provide 200% (2x) the daily performance of the SK Hynix stock (SKHY), minus fees and expenses. This product allows sophisticated investors and active traders to gain magnified exposure to a single stock through a regulated, liquid leveraged ETF structure listed on Cboe.
Fund Objective
To seek daily investment results, before fees and expenses, that correspond to 200% (2x) the daily performance of the underlying stock (SKHY).
Who is this fund for?
Sophisticated investors and active traders seeking to magnify short-term bullish views or tactically hedge positions, via transparent leverage and without using a margin account.
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 07/02/2026
Trading Details
As of 07/02/2026
Key Features & Competitive Advantages
Cost Leadership (0.75% Expense Ratio)
SKHX features a total expense ratio of 0.75%, which is lower than the category average for comparable leveraged single-stock ETFs. This minimizes the drag on returns for active traders.
Risk Management (No Margin Calls)
Unlike trading on margin, investors in SKHX cannot lose more than their initial investment. There is no risk of a broker issuing a margin call that demands more cash, providing a defined-risk structure for leveraged exposure.
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, SKHX offers intraday liquidity with tight , allowing traders to enter and exit positions instantly during market hours without the complexity of or contracts.
Frequently Asked Questions about SKHX
The Leverage Shares 2x Long SK Hynix Daily ETF (SKHX) features a total expense ratio of 0.75%. This is among the most cost-efficient structures for 2x leveraged exposure in the U.S. market.
SKHX is designed for short-term trading (intraday or daily). While you can hold it longer, the fund rebalances daily to maintain its 2x target. Over time, this daily rebalancing may cause your returns to differ significantly from the underlying stock due to volatility decay.
An investor in SKHX can lose the full value of their investment if the underlying stock drops by more than 50% in a single trading day. However, unlike trading on margin, you cannot lose more than your initial investment (you cannot go into debt).
A leveraged ETF is an exchange-traded fund that uses financial derivatives and debt to amplify the daily returns of an underlying index or benchmark. For example, a 2x leveraged S&P 500 ETF aims to return twice the daily performance of the - if the index rises 1%, the ETF targets a 2% gain; if it falls 1%, the ETF targets a 2% loss.
They typically use derivatives like total return , contracts, and . The fund manager rebalances these positions daily to maintain the target leverage ratio.
The leverage target applies to single-day returns, not longer periods. Each day, the fund rebalances to restore its leverage ratio based on the new net asset value. This daily reset is fundamental to how these products work.
Because of daily rebalancing, leveraged ETFs can lose value over time even if the underlying index ends up flat, particularly in choppy, volatile markets. When an index moves up and down repeatedly, the compounding of daily leveraged returns erodes value. This effect intensifies with higher leverage and greater volatility.
Generally no. They’re designed for short-term tactical trading, often single-day holds. Holding them for weeks or months can produce returns that diverge significantly from what you might expect based on the index’s performance over that period, sometimes dramatically so in volatile markets.
