- CEO
- Michael L. Sapir
- Sector
- Financial Services
- Industry
- Asset Management - Leveraged
- Address
- 7501 Wisconsin Avenue, Suite 1000E Bethesda MD United States of America 20814
- IPO Date
- Jul 13, 2026
- Business
- ProShares Ultra Short HKEX Hynix (SKHU): ProShares Ultra Short HK Symbology Trust, a leveraged inverse ETF designed to provide two times the inverse daily performance of the PHLX Semiconductor Sector Index, focusing on Hynix Semiconductor exposure through the fund’s targeted mandate; the fund seeks to deliver magnified inverse returns of the underlying semiconductor sector constituents, including key memory and logic stocks, on a daily basis.
Main Products and Services
- Investment products: ProShares Ultra Short SKHU fund provides 2x inverse exposure to the performance of the PHLX Semiconductor Sector Index, using swap and, where applicable, futures and other derivatives to achieve daily magnified inverse returns; aims to offer capital preservation and hedging opportunities in semiconductor sector downturns.
- Derivative-based strategies: Uses financial derivatives (swaps, futures, and other efficient portfolio constructs) to achieve leveraged inverse exposure; periodically rebalances to maintain targeted leverage and reflect index changes.
- Trading and liquidity provision: Provides publicly traded ETF shares that enable investors to implement short-duration hedges, tactical hedges against semiconductor sector risk, or to express views on near-term sector declines; trades on standard U.S. equity exchanges with market maker support.
- Information and data access: Distributes fund fact sheets, performance data, holdings disclosures, risk factors, and prospectus materials via the issuer’s site and third-party financial databases; supports due diligence for institutional and retail investors.
Latest Major Company Changes
- Strategic positioning focus: Continues to offer leveraged inverse exposure to the semiconductor sector, with 2x daily inverse objectives aligned to the PHLX Semiconductor Sector Index; maintains ongoing compliance and risk management processes to reflect derivative-based strategy in a volatile market.
- Product updates and disclosures: Regularly updates fund disclosures, tax treatment notes, and risk factors to reflect changes in index methodology, rebalance schedules, and derivative usage, ensuring investors understand daily rebalancing and compounding effects.
- Market and liquidity actions: Maintains liquidity through authorized participants and market makers to facilitate creation/redemption flows and to help manage ETF liquidity in response to investor demand and market conditions.
- Corporate actions and regulatory compliance: Aligns with evolving U.S. ETF regulatory requirements, including disclosures related to leverage, daily resetting mechanisms, and counterparty risk management.
Additional Context
- Industry and segments: Financial products; exchange-traded funds; leveraged and inverse solutions for sector-specific exposure.
- Target markets: Institutional traders, hedgers, and retail investors seeking short-term hedges or directional bets against semiconductor sector movements.
- Geographic operations: U.S.-based fund with listings on major U.S. exchanges; limited international exposure through underlying index composition.
- Founding year and headquarters: ProShares was founded in 2006 and operates from its headquarters in Bethesda, Maryland, U.S.; SKHU is a product within ProShares’ suite of thematic and leveraged inverse ETFs.
- Subsidiaries/relationships: The fund is part of ProShares Advisers LLC’s fund family and relies on index methodology and derivative counterparties arranged through the fund’s investment management framework; maintained under the broader ProShares brand and corporate structure.