A Wild First Day Trading for 2x Single Stock Leveraged Products for Samsung Electronics and SK Hynix
In this insight, I discuss the wild trading of 2x single stock leveraged ETF products for Samsung Electronics (005930 KS) and SK Hynix (000660 KS) which were launched today.
In particular, i focus on their trading volume, AUM, and share performances.
In just one day, the AUM of the 2x single stock leveraged ETF products for Samsung Electornics and SK Hynix has jumped to 5.2 trillion won ($3.5 billion).
AUM
In just one day, the AUM of the 2x single stock leveraged ETF products for Samsung Electornics and SK Hynix has jumped to 5.2 trillion won ($3.5 billion). Given that these products have just been launched, it is likely that the AUM of these products will surge much higher.
Among these leveraged products, four of them in particular combined have 4.6 trillion won in AUM (88% of total AUM). These products include TIGER SK Hynix Single Stock Leverage (0195S0 KS), KODEX SK Hynix Single Stock Leverage (0193T0 KS), TIGER Samsung Electronics Single Stock Leverage (0195R0 KS), and KODEX Samsung Electronics Single Stock Leverage (0193W0 KS).
Two of the leveraged products are inverse including SOL SK Hynix Futures Single Stock Inverse 2X (0197X0 KS) and PLUS Samsung Electronics Futures Single Stock Inverse 2X (0193L0 KS). The combined AUMs of these two product are only 110 billion won so far. However, the AUMs of these inverse products could increase sharply in the next few days when Samsung Electronics and SK Hynix experience down days.
