GraniteShares 2x Long SK Hynix Daily ETF

Frequently Asked Questions About SKUU

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 with 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 $134.5M 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.