New 2x Long and 2x Short Funds Give Investors Targeted Exposure to One of the AI Memory Market’s Leading Companies
GraniteShares has expanded its lineup of single-stock exchange-traded funds with the launch of two new leveraged ETFs tied to SK hynix, one of the world’s leading memory chip manufacturers and a major supplier of high-bandwidth memory (HBM) used in artificial intelligence applications.
The newly introduced funds include theGraniteShares 2x Long SK hynix ETF (SKUU) and the GraniteShares 2x Short SK hynix ETF (SKDD). Together, they provide traders with a way to express either a bullish or bearish short-term outlook on SK hynix shares while using leverage to amplify daily price movements.
The SKUU ETF is designed to deliver approximately twice the daily performance of SK hynix stock, making it suitable for investors expecting continued upside driven by AI-related demand, strong memory pricing, or positive company developments. Meanwhile, the SKDD ETF seeks to provide twice the inverse of the stock’s daily return, offering traders a way to potentially benefit from short-term declines in the company’s share price.
The launch comes as SK hynix remains one of the key beneficiaries of the global AI infrastructure boom. The company has strengthened its position through advanced HBM products that power next-generation AI accelerators, helping drive strong investor interest over the past year.
Leveraged single-stock ETFs have become increasingly popular among active traders because they allow investors to gain amplified exposure without directly using margin or options. However, these products are intended primarily for short-term trading due to the effects of daily compounding, which can cause returns over longer holding periods to differ significantly from twice the underlying stock’s performance.
With both long and short leveraged ETFs now available, GraniteShares is giving investors greater flexibility to capitalize on short-term opportunities in one of the semiconductor industry’s most closely watched AI companies.
