Tradr to Launch Leveraged ETFs on SK hynix
Tradr ETFs announced it expects to launch two single-stock leveraged ETFs tied to SK hynix stock on Tuesday, July 28, offering investors two times daily exposure.
Tradr ETFs, a provider of exchange-traded funds designed for sophisticated investors, announced plans to launch two new leveraged ETFs linked to South Korean memory chip maker SK hynix Inc. The funds are scheduled to begin trading on Tuesday, July 28.
The two Cboe-listed ETFs aim to provide investors with 200% long and 200% short daily leveraged exposure to SK hynix's stock performance. The funds will be named Tradr 2X Long SK hynix Daily ETF (ticker: SKHA) and Tradr 2X Short SK hynix Daily ETF (ticker: SKHN), tracking the Nasdaq-listed SKHY shares.
Leveraged ETFs are complex instruments designed for short-term trading and carry significant risks. They aim to magnify daily returns, which also means they can magnify daily losses. Tradr ETFs advises that these products are intended for experienced traders who understand the implications of using leverage and actively monitor their positions. Investors could lose their entire investment rapidly if the underlying stock moves significantly against their position.
Tradr ETFs urges potential investors to carefully review the investment objectives, risks, charges, and expenses associated with these funds, as detailed in the prospectus available on their website, before making any investment decisions.