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ProShares announced the launch of ProShares Ultra SK hynix (NYSE Arca: SKHU), an ETF targeting 2x the daily return of the American Depositary Receipt (ADR) of SK hynix. The fund gives U.S. investors a way to magnify a bullish view on SK hynix within a brokerage account.
According to ProShares, SK hynix is a leading advanced memory chip maker supplying AI, data centers and digital devices. The new fund joins ProShares’ lineup of more than 115 geared ETFs with over $85 billion in assets and other single-stock ETFs targeting 2x daily returns of companies such as SpaceX, Circle, Coinbase, NVIDIA, Palantir and Tesla.
ProShares Ultra SK hynix (NYSE Arca: SKHU) is expected to launch on July 13, 2026, targeting 2x the daily returns of the SK hynix ADR. The ETF is designed to let investors magnify a bullish view on SK hynix through a single U.S.-listed ticker.
SK hynix manufactures memory chips used in AI, data centers, and digital devices. According to ProShares, SKHU will join its lineup of over 115 geared ETFs with more than $85 billion in assets.