Leverage Shares 2X Short SK Hynix Daily ETF is a U.S.-domiciled, actively managed exchange-traded fund that seeks investment results, before fees and expenses, corresponding to -200% of the daily performance of the American depositary receipt of SK hynix Inc. (NASDAQ: SKHY). The Fund provides daily inverse leveraged exposure to SK hynix, a South Korean semiconductor manufacturer, and is designed for sophisticated investors seeking short-term tactical exposure to movements in the underlying security rather than long-term investment results. It employs derivatives, including swaps and options, and maintains cash and cash-equivalent positions to pursue its daily investment objective; its portfolio targets the information-technology, semiconductor and semiconductor-equipment industries. The Fund resets and rebalances its exposure daily, meaning returns for periods longer than one trading day may differ materially from -200% of the cumulative performance of SK hynix due to daily compounding. It is advised by Themes Management Company LLC, issued through Themes ETF Trust/ETP Holding Co. LLC under the Leverage Shares brand, and distributed by ALPS Distributors, Inc. SKHQ commenced trading on Cboe in September 2026 and carries a 0.99% expense ratio. The launch of SKHQ represents a recent expansion of Leverage Shares’ U.S. leveraged and inverse ETF lineup, adding a dedicated 2x daily short vehicle for investors seeking bearish exposure to SK hynix and the global semiconductor market. Leverage Shares, founded in 2017 and headquartered in London, United Kingdom, develops exchange-traded products and ETFs offering leveraged, inverse, single-stock, index, sector, commodity, fixed-income, cryptocurrency and options-income exposures for retail and institutional investors; its products trade across markets including the United Kingdom, continental Europe and the United States.