SK Hynix US ADR starts trading today; at least six ETFs to launch next week

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SK Hynix’s U.S. ADR will be listed today (the 10th). Issuers including ProShares, Leverage Shares, and Rex Shares are preparing to launch related leveraged ETFs, such as 2x leveraged ETFs and inverse ETFs. Next week, at least six ETFs are set to be launched.

Leveraged ETFs linked to SK Hynix are very popular. Southern’s 2x long SK Hynix (07709.HK) -5.960 (-6.208%) short selling $28.82B; ratio 48.249% has become one of the largest ETFs of its kind in the world. Before the recent decline in the share price, its asset size had exceeded $16B. Southern’s 2x long SK Hynix share price is currently 90.94, down 5.27%.

Related coverage: 《Big Firm》 Korea’s Hanwha Securities raises SK Hynix’s target price to 1.6 million Korean won and significantly increases earnings forecasts; rating: “Buy”. John Cho, portfolio manager for Morgan Asset Management’s South Korean stock investment portfolio, said that some of retail investors’ activity seems increasingly driven by momentum, and the growth of single-stock ETFs is boosting trading volume and volatility in large-cap stocks. The introduction of leveraged ETFs is not seen as a healthy signal, as it may indicate retail behavior toward the tail end of the cycle.

(mn/u)(Hong Kong stock quotes are delayed by at least 15 minutes. Short-selling data as of 2026-07-10 12:25.)

SK Hynix-0.27%
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