- What does SKUU invest in?
- The GraniteShares 2x Long SK Hynix Daily ETF is a leveraged exchange-traded fund that seeks to deliver 200% (2×) of the daily performance of the SK hynix Inc. ADR (Nasdaq: SKHY) before fees and expenses. The fund primarily gains exposure through swap agreements and investments in the underlying ADR, with leverage reset daily. Designed for short-term trading, it amplifies both potential gains and losses and is not intended as a long-term investment.
- What is the expense ratio of SKUU?
- GraniteShares 2x Long SK Hynix Daily ETF (SKUU) charges an expense ratio of 1.50%. This is the annual fee deducted from fund assets to cover management and operations.
- Is SKUU a good long-term hold?
- SKUU is a leveraged fund designed to deliver a daily multiple of its underlying index. Daily reset compounding means returns over multi-day periods can diverge significantly from the headline multiple — typically negative drift in choppy markets. These funds are designed for short-term tactical use, not buy-and-hold. Review the fund's prospectus before holding more than a few days.
- How does SKUU's daily reset work?
- SKUU rebalances exposure each trading day to maintain its target leverage ratio against the next day's move. The daily reset means returns compound at the daily level — so a +1%, −1% sequence on the underlying doesn't return the underlying to flat after the leverage multiplier. Over time this path-dependence erodes returns in volatile markets and amplifies them in trending markets.
- How big is SKUU?
- GraniteShares 2x Long SK Hynix Daily ETF (SKUU) manages $205.9M in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure — funds below ~$50M are at higher risk of liquidation.
- Is SKUU actively managed or an index fund?
- SKUU's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy.
