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A new leveraged fund on SK Hynix arrived in the market on July 15.
The case for SKHL, the Direxion Daily SK Hynix Bull 2X ETF, is that it gives tactical traders daily 2X exposure to a prominent semiconductor name in a product category where Direxion already claims leadership.
The risk is baked into the structure: a 2X daily reset instrument behaves very differently over a week than it does over a single session.
What Direxion is building Direxion, a New York-based issuer that describes itself as a leading provider of ETFs for tactical traders, positioned SKHL as an extension of an existing franchise.
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