挂钩SK海力士ADR的两只2倍杠杆ETF（SKHA/SKHN）上市约三个月即清盘，系已多次研判旧闻的英文转述

Two leveraged exchange-traded funds tied to SK hynix (000660), launched on the U.S. market amid a rush into artificial intelligence chip stocks, will be shut down just over three months after their debut.
Liquidation After Three Months as Assets Shrink More Than 60%
U.S. fund manager Tradr ETFs plans to liquidate two leveraged ETFs based on SK hynix American depositary receipts around Nov. 12, Bloomberg reported on the 26th.
The funds are the Tradr 2X Long SK hynix Daily ETF (SKHA) and the Tradr 2X Short SK hynix Daily ETF (SKHN). Each was designed to deliver twice the daily return of SK hynix ADRs, in the long and short direction respectively.
The two products began trading on July 28, shortly after SK hynix listed its ADRs on the Nasdaq on July 10.
Their performance since launch fell short of expectations. SKHA, which bets on rising share prices, declined more than 5%, while SKHN, which bets on declines, fell 42%. Over the same period, the underlying SK hynix ADRs rose about 5%.
Investors also pulled out. As of the 23rd, SKHA had net assets of $480,489 and SKHN $777,823. Combined, the two funds held only about $1.26 million, or roughly 1.667 billion won.
That is more than 60% below their peak level of net assets.
Tradr ETFs will allow trading and the creation and redemption of shares through Nov. 5 before ending operations. Remaining assets will be distributed to investors after the liquidation process.
Volatility Widens as AI Enthusiasm Cools, Hitting Leveraged Products
Bloomberg attributed the liquidation to weakening investor sentiment toward AI-related stocks.
Shares of chipmakers including SK hynix and Samsung Electronics (005930) have swung sharply this year on expectations for AI investment. More recently, concerns have grown over the cost of financing large-scale AI infrastructure and its actual profitability.
SK hynix shares listed in South Korea are down 56% from their high for the year, according to Bloomberg.
The U.S. market has also seen a correction. SK hynix ADRs closed at $137.02 on the 23rd, down 31.02% from their peak of $198.63 on Sept. 9, according to Investing.com.
Since SK hynix listed in the U.S., asset managers including ProShares, Leverage Shares and Direxion have rolled out related leveraged products, but rising market volatility has made it difficult for some of them to survive.
Leveraged ETFs that track twice the daily return do not simply double the cumulative return of the underlying asset when held over long periods. If share prices repeatedly rise and fall, compounding can magnify losses, leaving both long and short products with negative returns.
Bloomberg said such leveraged products have contributed to greater share price volatility, prompting South Korean financial regulators to tighten related rules.
SK hynix is scheduled to report third-quarter earnings on the 28th. Investors are watching not only the results but also whether the company will announce additional shareholder returns following the withdrawal of Solidigm's listing plan.