SKHQ Leverage Shares 2X Short Sk Hynix Daily ETF

Aims to return twice the opposite of the daily move of SK hynix (SKHY)Leverage Shares0.99% fee$418,250 on Oct 20, 2026First traded Sep 2, 2026Every Leverage Shares fund ETFIQ covers

Over the month to Oct 21, 2026, SKHQ returned 58.7%, against 59.1% for twice the inverse of SKHY's daily moves.

−24.2%
What SKHY did
+59.1%
What −2 times a day gives
+58.7%
What the fund returned
−0.4 pts
Gap to −2 times a day

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Price since launch, Sep 2, 2026

$15.89−4.8%1 day, priceClose, Oct 21, 2026

Price only. No distribution was paid over these days, so total return is the same. Computed by ETFIQ from Tiingo daily prices.

Source: Tiingo end-of-day prices. Data as of Oct 21, 2026. Updated every trading night. Report a data error

What it aimed at, and what it did
10.3 pts ahead of its stated multipleSKHQ returned +58.7% while −2 times SKHY's move would have been +48.4%. Figures from Sep 21, 2026 to Oct 21, 2026.SKHY −24.2% ×−2 implies+48.4%SKHQ returned+58.7%10.3 pts ahead of its stated multipleSKHQ returned +58.7% while −2 times SKHY's move would have been +48.4%. Figures from Sep 21, 2026 to Oct 21, 2026.SKHY −24.2% ×−2 implies+48.4%SKHQ returned+58.7%

Over the 1 month to Oct 21, 2026, SKHQ returned +58.7%, where −2 times that move implies +48.4%. The difference is +10.3 pts. Of that, daily compounding is +10.7 pts and the gap to −2 times each day's move compounded is −0.4 pts.

14.5 pts short of its stated multipleSKHQ returned +11.9% while −2 times SKHY's move would have been +26.4%. Figures from Sep 2, 2026 to Oct 21, 2026.SKHY −13.2% ×−2 implies+26.4%SKHQ returned+11.9%14.5 pts short of its stated multipleSKHQ returned +11.9% while −2 times SKHY's move would have been +26.4%. Figures from Sep 2, 2026 to Oct 21, 2026.SKHY −13.2% ×−2 implies+26.4%SKHQ returned+11.9%

From launch to Oct 21, 2026, SKHQ returned +11.9%, where −2 times that move implies +26.4%. The difference is −14.5 pts. Of that, daily compounding is −14.1 pts and the gap to −2 times each day's move compounded is −0.4 pts.

SKHQ returns by window: total return, cash paid and price change
WindowTotal returnSKHY-2x the moveDifferenceSKHY moved about, annualized
1M Sep 21 – Oct 21, 2026+58.7%−24.2%+48.4%+10.3 pts55%
Since launch Sep 2 – Oct 21, 2026+11.9%−13.2%+26.4%−14.5 pts64%

Total return at closing prices, distributions reinvested. -2x the move is -2 times the window's move. That is not the fund's objective, which is -2 times each day's move. Not shown: 3 months, 6 months, year to date, 1 year and 3 years, which the fund has not been listed long enough to fill (listed Sep 2026); its since-launch row covers all of its record. Source: ETFIQ.

Source: Tiingo end-of-day prices, with distributions reinvested. Data as of Oct 21, 2026. Updated every trading night. Report a data error

The same trade from 3 issuers · One week

Every fund that sets out to return -2 times SKHY, over the days all of them have been trading. Ranked by how close each came to its own stated multiple.

SKHQ: The same trade from 3 issuers · One week
FundIssuerReturned-2x the moveDifference
SKHNTradr+3.8%+5.8%−2.0 pts
SKHQLeverage Shares+3.8%+5.8%−2.0 pts
SKDDGraniteShares+3.5%+5.8%−2.3 pts
The same trade from 3 issuers · One month
SKHQ: The same trade from 3 issuers · One month
FundIssuerReturned-2x the moveDifference
SKDDGraniteShares+59.2%+48.4%+10.8 pts
SKHNTradr+59.1%+48.4%+10.7 pts
SKHQLeverage Shares+58.7%+48.4%+10.3 pts

SKHY funds at -2x, to Oct 21, 2026. Source: ETFIQ.

Money in and out

Daily figures · as of Oct 20, 2026

SKHQ: in the 2 trading days to Oct 20, 2026, nothing net moved.

Since Oct 2026
$0
Oct 19, 2026 to Oct 20, 2026
Net flow each trading day
Net flow into SKHQ each trading day, Jul 24, 2026 to Oct 21, 2026monthly, from SEC filingsdaily, from Leverage SharesJul 24, 2026Oct 21, 2026

SKHQ, net flow each trading day over the 63 sessions from Jul 24, 2026 to Oct 21, 2026: money came in on 0 days and went out on 0 days, of the 2 days with a daily figure; the other 61 have none. Before Oct 19, 2026 ETFIQ has the fund’s monthly figures only, from SEC filings: that span is shaded and draws no bars, and its months are in the month by month list.

No money in or out. Daily figures for 2 of 63 trading days; none for 61.

Net flow into SKHQ each trading day, Oct 21, 2025 to Oct 21, 2026monthly, from SEC filingsdaily, from Leverage SharesOct 21, 2025Oct 21, 2026

SKHQ, net flow each trading day over the 252 sessions from Oct 21, 2025 to Oct 21, 2026: money came in on 0 days and went out on 0 days, of the 2 days with a daily figure; the other 250 have none. Before Oct 19, 2026 ETFIQ has the fund’s monthly figures only, from SEC filings: that span is shaded and draws no bars, and its months are in the month by month list.

No money in or out. Daily figures for 2 of 252 trading days; none for 250.

Net flow into SKHQ each trading day, Mar 20, 2025 to Oct 21, 2026monthly, from SEC filingsdaily, from Leverage SharesMar 20, 2025Oct 21, 2026

SKHQ, net flow each trading day over the 400 sessions from Mar 20, 2025 to Oct 21, 2026: money came in on 0 days and went out on 0 days, of the 2 days with a daily figure; the other 398 have none. Before Oct 19, 2026 ETFIQ has the fund’s monthly figures only, from SEC filings: that span is shaded and draws no bars, and its months are in the month by month list.

No money in or out. Daily figures for 2 of 400 trading days; none for 398.

Money in, netMoney out, netMonthly basis

ETFIQ’s daily counts for SKHQ start Oct 19, 2026, so the 1 week, 1 month, 3 months, year to date and 1 year windows have no daily figure.

How this is computed

Computed by ETFIQ from Leverage Shares’s daily figures: each day’s change in shares outstanding times the previous day’s net asset value. Figures are net: money in less money out. Every day and month ETFIQ holds for SKHQ, back to Oct 2026, is in its flows file. Flows across every fund · How these flows are computed · Compare SKHQ with other funds in the flows tool

Every trading day, last 3 months2 days
Oct 20, 2026 $0
Oct 19, 2026 $0

Most recent first.

Week by week, last year1 week
Oct 20, 2026 $0 2 days

Net flow into SKHQ each week, Oct 19, 2026 to Oct 20, 2026, most recent first, each week named by its last trading day with a figure. Computed by ETFIQ.

Month by month, money in and money outOct 2026

SKHQ, net flow each month from Oct 2026 to Oct 2026: money came in in 0 months and went out in 0 months.

MonthInOutNet
Oct 2026 ETFIQ, the sum of its days, Oct 19 to Oct 20$0$0$0

Most recent first.

How this is computed

Months summed from daily figures: money in adds the days money came in; money out adds the days it went out.

N-PORT months are the filed sales plus reinvestments less redemptions. Later months add up the daily figures; the Source column names any missing day.

Source: ETFIQ, from the fund’s daily share counts and net asset values, and its SEC N-PORT filings. Data as of Oct 20, 2026. Updated every trading night. Last checked Oct 22, 2026. Report a data error

SKHQ key stats

High since Sep 2, 2026, daily closes to Oct 21, 2026 (ETFIQ)$17.65 on Oct 16, 2026
Low since Sep 2, 2026, daily closes to Oct 21, 2026 (ETFIQ)$9.11 on Oct 2, 2026
Close on Oct 21, 2026, within that range (ETFIQ)$15.89, 79% of the way from the low to the high
Range, beta and R-squared computed by ETFIQ from Tiingo daily prices.

About SKHQ

Of that 10.3, daily compounding is +10.7 points, which any −2 times fund would show over the same path, and the fund itself is −0.4 points against −2 times each day's move, compounded.
Sets out to return-2 times the daily move of SKHY, reset daily
Multiple a holder actually got over the window (ETFIQ)-2.43233 times, against -2 stated
UnderlyingSKHY
Segmentsingle stock, company
Net assets (issuer page, as of Oct 20, 2026)$418,250Report
Expense ratio (issuer page, Oct 22, 2026)0.99%Report
First tradedSep 2, 2026
Underlying volatility over the window (ETFIQ)55% annualized
How we measure
Read the multiple against the whole window instead and −2 times SKHY's −24.2% implies +48.4%, which makes SKHQ look 10.3 points over. That is not the fund's objective, which is daily. SKHQ aims to return -2 times SKHY's move each day, then resets. Over one day it does that. Over longer periods the daily results compound, so the total is not -2 times the period's move: it is lower after a fall and recovery, and can be higher in a steady run. SKHY moved at 55% annualized over that window. The more it moves, the further the two figures separate.
Returns are ETFIQ calculations from Tiingo end-of-day prices, distributions reinvested, measured against the underlying over exactly the same days. How these figures are computed

Questions people ask about SKHQ

Did SKHQ return -2 times SKHY?
Over the month to Oct 21, 2026, SKHY moved −24.2% and SKHQ returned +58.7%. −2 times that move is +48.4%, so the fund came out 10.3 points ahead of it. That is not its objective, which is daily. Against −2 times each day's move, compounded, it was 0.4 points short.
Why does SKHQ not return -2 times over a year?
Because it resets daily. SKHQ aims at -2 times each day's move, and daily results compound. If the underlying falls and recovers, a holder ends up behind -2 times the period move; in a steady run in one direction, possibly ahead. The longer the holding and the more the underlying swings, the wider the gap.
Which -2x SKHY ETF came closest to its daily multiple?
3 issuers sell one. The table on this page ranks them by how far each finished from −2 times the underlying's move, over the days all of them have traded.
Sources and dates
Prices, SKHQ and SKHYTiingo end-of-day prices ↗
Fee, 0.99%Issuer page · Oct 22, 2026
Net assets, $418,250Issuer page · Oct 20, 2026

ETFIQ links to the documents behind every figure; a link is not an endorsement.

Cite this pageCitation, APA and Markdown

ETFIQ, SKHQ, leveraged ETFs, data as of Oct 21, 2026. https://etfiq.com/funds/skhq

Open SKHQ live on ETFIQ

Free to use with attribution for figures ETFIQ computes; issuer data stays under its owner's terms. The underlying files are at Open data.

Stated multiple
What the fund sets out to return against its underlying, each day. A fund at 2x aims to return twice the underlying’s daily move, and an inverse fund at -2x aims to return twice it in the opposite direction.
Daily reset
The fund starts each day aiming at the multiple again, from wherever it now stands. It is the mechanism that makes these funds behave as they do, and the reason the stated multiple applies to a day rather than to a holding period.
Compounding
Daily results multiply together rather than adding up. Two days of the multiple is not twice the multiple, and over a run of days the difference between the two grows with how far the underlying moves about.
Decay
What compounding costs a holder when the underlying falls and rises back to where it started. The underlying is level and the fund is down; the more violently it moved, the further down.
Difference against the stated multiple
The fund’s return minus the stated multiple times the underlying’s return, in percentage points. The one figure that says whether a holder got what the fund’s own multiple describes.
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SKHQ: SKHQ returned +58.7% while −2 times SKHY's move would have been +48.4%. Figures from Sep 21, 2026 to Oct 21, 2026.
<figure style="margin:0;max-width:640px">
<a href="https://etfiq.com/funds/skhq"><img src="https://etfiq.com/assistant/api/embed/leverage/skhq.svg" alt="SKHQ: SKHQ returned +58.7% while −2 times SKHY&#x27;s move would have been +48.4%. Figures from Sep 21, 2026 to Oct 21, 2026." width="640" style="max-width:100%;height:auto"></a>
<figcaption style="font:13px/1.5 sans-serif">SKHQ: SKHQ returned +58.7% while −2 times SKHY&#x27;s move would have been +48.4%. Figures from Sep 21, 2026 to Oct 21, 2026. Data: <a href="https://etfiq.com/funds/skhq">ETFIQ</a></figcaption>
</figure>

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