Investing.com — Direxion on Wednesday launched the (SKHL), a leveraged exchange-traded fund designed to deliver 200% of the daily performance of ’s U.S.-listed American depositary receipt.
The launch follows SK hynix’s recent Nasdaq debut and gives U.S. investors a leveraged vehicle to gain exposure to the South Korean memory chipmaker, a leading supplier of high-bandwidth memory (HBM) chips used in artificial intelligence applications.
SK Hynix’s ADRs surged 14% in their Nasdaq debut on Friday after the company raised $26.5 billion in a record U.S. share sale, highlighting strong investor demand for AI-related semiconductor stocks.
The listing has also sparked a wave of ETF activity. More than 10 asset managers, including Direxion and ProShares, have filed to launch single-stock ETFs tied to SK Hynix, underscoring expectations for sustained investor interest in the AI memory leader.
SK hynix is the world’s leading supplier of HBM chips used alongside AI accelerators from companies such as Nvidia and AMD, making it a key beneficiary of growing AI data center investment.
SKHL expands Direxion’s lineup of leveraged and inverse semiconductor products, which already includes funds linked to the broader chip sector as well as single-stock ETFs tracking Nvidia and Micron. The fund seeks twice the daily return of SK hynix’s ADR before fees and expenses and is intended for active traders who actively monitor leveraged positions.