SKUU & SKDD: 2x Long and -2x Short SK Hynix Daily ETFs. Anticipated listing countdown. Please review the provisional prospectus for additional information.
▲ 2x Long
SKUU
GraniteShares 2x Long SK Hynix Daily ETF
Seeks 2x the daily performance of SK Hynix
+200%
of SK Hynix's daily move, before fees & expenses
TickerSKUU
UnderlyingSK Hynix (SKHY)
Leverage Factor2x
Expense Ratio1.50%
NAV-
Closing Price-
▼ 2x Short
SKDD
GraniteShares 2x Short SK Hynix Daily ETF
Seeks -2x the inverse daily performance of SK Hynix
-200%
of SK Hynix's daily move, before fees & expenses
TickerSKDD
UnderlyingSK Hynix (SKHY)
Leverage Factor-2x
Expense Ratio2.20%
NAV-
Closing Price-
Important risk information: These Funds seek daily leveraged and inverse investment results and are intended to be used as short-term trading vehicles. They are not suitable for all investors, are designed to be held for a single day, and should be actively monitored. Due to daily rebalancing and compounding, results over periods longer than one day will likely differ, potentially significantly, from the stated daily objective. An investor could lose the full value of their investment. There is no guarantee a Fund will meet its objective. Please read the prospectus before investing.
Fund Objective

Two funds, opposite sides
of the same trade.

Each fund seeks daily investment results, before fees and expenses, equal to a multiple of the daily percentage change of SK Hynix. There is no guarantee that either fund will meet its stated objective.

▲ 2x Long Daily

SKUU

The Fund seeks daily investment results, before fees and expenses, of 2 times (200%) the daily percentage change of SK Hynix. The Fund should not be expected to provide 2x the cumulative return of SK Hynix for periods greater than a single day.

Designed as a short-term trading vehicle. Returns compound daily.
▼ 2x Short Daily

SKDD

The Fund seeks daily investment results, before fees and expenses, of -2 times (-200%) the daily percentage change of SK Hynix. The Fund should not be expected to provide -2x the cumulative return of SK Hynix for periods greater than a single day.

Designed as a short-term trading vehicle. Returns compound daily.
Underlying Stock
SK Hynix Co., Ltd.
Nasdaq: SKHY · ADR
#2Global DRAM market share
#1HBM supplier to NVIDIA
HBM3eLatest gen in production

SK Hynix

SK Hynix Co., Ltd. is one of the world's largest semiconductor companies, specializing in DRAM, NAND flash, and High Bandwidth Memory (HBM). Headquartered in Icheon, South Korea, the company supplies advanced memory chips to leading technology manufacturers globally, including NVIDIA, AMD, and major cloud hyperscalers. Its American Depositary Receipts trade on Nasdaq under the ticker SKHY.

As AI model training and inference workloads scale, SK Hynix has become a critical supplier of HBM3e, the high-bandwidth memory used in next-generation AI accelerators. Its position at the intersection of AI infrastructure investment and global semiconductor supply chains makes it one of the most direct beneficiaries of the AI compute build-out.

Why HBM matters

High Bandwidth Memory (HBM) is critical in AI accelerators such as NVIDIA's H100 and B200 GPUs. SK Hynix is the leading global HBM supplier, making its revenue and share price directly linked to AI infrastructure spending. As AI compute demand grows, HBM supply and pricing are a primary driver of SK Hynix's financial performance.

Why a Single-Stock ETF

Conviction, packaged into
a brokerage trade.

🛡

Simple

Take a leveraged or inverse position on SK Hynix through a traditional brokerage account. No borrowing the underlying, no maintaining collateral.

🎯

High Conviction

Magnify your view on SK Hynix, long with SKUU or short with SKDD, in a single trade, sized to the conviction behind it.

Control

No margin calls. Your maximum loss is capped at the value of your initial investment. You cannot lose more than you put in.

Side by Side

SKUU vs. SKDD at a glance.

SKUUSKDD
Fund Name2x Long SK Hynix Daily ETF2x Short SK Hynix Daily ETF
DirectionLong (+)Short (−)
Daily Objective+200%−200%
Leverage Factor2x-2x
Expense Ratio (%)1.50%2.20%
UnderlyingSK Hynix ADR (SKHY)SK Hynix ADR (SKHY)
Reset FrequencyDailyDaily
ListingNasdaqNasdaq
Best Used ForBullish, short-term viewBearish / hedging view
Fund Facts

Both SKUU and SKDD are actively managed exchange-traded funds that seek their daily objective using swaps and options on SK Hynix. They do not hold SK Hynix shares directly.

Structure
Actively managed ETF
Concentration
Semiconductor industry, non-diversified
Investment Adviser
GraniteShares Advisors LLC

Net annual fund operating expenses are 1.50% for SKUU and 2.20% for SKDD, per the effective prospectus dated July 2, 2026. Figures are subject to the fund’s contractual fee waiver and may change.

Investor Documents

Everything you need
before you trade.

📄
Marketing · PDF
SKUU Factsheet
2x Long SK Hynix Daily ETF
Download
📄
Marketing · PDF
SKDD Factsheet
2x Short SK Hynix Daily ETF
Download
📋
Regulatory · PDF
Provisional Prospectus
Full risk factors & fund details
Download
📋
Regulatory · PDF
Statement of Additional Info
Supplementary regulatory disclosure
Download

Read the prospectus before you trade.

These funds are speculative and intended only for knowledgeable investors who understand daily leverage and are willing to monitor positions frequently.

⤓ Read the Prospectus
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