Tradr ETFs is set to liquidate two leveraged exchange-traded funds tied to SK Hynix around Nov. 12, according to Bloomberg, after the chipmaker’s stock fell about 56% from its historical peak. The move comes as market concern has intensified over heavy spending on AI infrastructure and elevated financing costs.
The two products track SK Hynix American depositary receipts, with one offering 2x long exposure and the other taking the inverse short side. Both funds were launched in the U.S. on July 28 and are being wound down only about three and a half months after listing. The development points to a sharp cooling in investor appetite around AI-linked trading products tied to the South Korean memory chip maker.
Tradr ETFs will liquidate two leveraged exchange-traded funds tied to SK Hynix around Nov. 12, Bloomberg reported, after the company’s stock fell about 56% from its historical peak.
Market concern has continued to build over heavy investment in AI infrastructure and high financing costs. The two funds track SK Hynix American depositary receipts, with one offering 2x long exposure and the other providing inverse short exposure.
Both products were launched in the U.S. on July 28. Their liquidation comes only about three and a half months after listing.
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