ProShares Expands Single-Stock Range with 2x SK hynix ETF

ProShares has launched the ProShares Ultra SK hynix ETF (SKHU), an actively managed leveraged ETF targeting 2x the daily performance of SK hynix’s U.S.-listed ADR. The fund enables investors to amplify bullish exposure to the South Korean memory chip maker, whose products are central to AI infrastructure, data centers, and advanced computing. SKHU broadens ProShares’ single-stock ETF lineup, joining leveraged funds tied to companies such as NVIDIA, Tesla, Palantir, Coinbase, Circle, and SpaceX, as investor demand for targeted AI-related exposure continues to grow.