🔴 SKHX is trading 7.8% down today as CXMT's 4F² DRAM progress fuels competition concerns

SKHX is trading at $12.82, down 7.84%, amid competition concerns weighing on the underlying memory-chip sector.

• SKHX provides 2x daily exposure to SK Hynix; its decline is consistent with pressure on the sector.
• SK Hynix and Samsung fell after Chinese chipmaker CXMT reported progress on next-generation 4F² DRAM technology, intensifying competition concerns.