ProShares Expected to Launch SKHU ETF Targeting 2x Daily Returns of SK hynix on July 13

ProShares Expected to Launch SKHU ETF Targeting 2x Daily Returns of SK hynix on July 13

World's largest provider of leveraged and inverse ETFs to expand its single-stock ETF lineup with 2x SK hynix ETF following the U.S. listing of the company’s ADRs

ProShares, the world’s leader in geared (leveraged and inverse) investing, today announced plans to launch ProShares Ultra SK hynix (NYSE Arca: SKHU), targeting 2x the daily returns of the American Depositary Receipt (ADR) of SK hynix, on July 13, 2026. The 2x SK hynix ETF will give investors a way to magnify a bullish view on the company.

SK hynix is a leading manufacturer of memory chips used in artificial intelligence, data centers, and digital devices. The company plays an important role in AI infrastructure by supplying the advanced memory that helps power many of today's AI applications.

“Demand for advanced memory chips has grown alongside the rapid expansion of artificial intelligence,” said ProShares CEO Michael L. Sapir. “SKHU will give investors a convenient way to magnify a bullish view on SK hynix through a single ticker in a brokerage account.”