Soaring 'Samjeonnix': "I Earn Double"…Leverage ETF Trading Value Surpasses 10 Trillion Won on First Day

Competition Heats Up in Single-Stock Leveraged ETF Market
Funds Flock to Products Tracking SK hynix at 2x Leverage

On the first day of listing, single-stock leveraged exchange-traded funds (ETFs) that track the share prices of Samsung Electronics and SK hynix at double the rate attracted investors, recording more than 10 trillion won in trading value.

According to Yonhap Infomax and others on May 27, the combined daily trading value of 16 types of Samsung Electronics and SK hynix single-stock leveraged and inverse ETFs listed on the domestic stock market amounted to 10.4071 trillion won. The trading volume reached 416.91 million shares, and the combined market capitalization was approximately 4.9937 trillion won.

On the afternoon of the 27th, the closing prices of the KOSPI and single-stock leveraged products "KODEX SK Hynix Single-Stock Leverage" and "TIGER Samsung Electronics Single-Stock Leverage" were displayed on the status board in the dealing room of Woori Bank in Jung-gu, Seoul. Photo by Yonhap News

The most actively traded product was "KODEX SK hynix Single-Stock Leverage" by Samsung Asset Management. Its trading value for the day alone was 4.388 trillion won, ranking first among all domestic ETFs.

"TIGER SK hynix Single-Stock Leverage" by Mirae Asset Global Investments ranked fourth with 2.0678 trillion won, and "KODEX Samsung Electronics Single-Stock Leverage" ranked fifth with 1.9477 trillion won. "TIGER Samsung Electronics Single-Stock Leverage" also saw a trading value of 1.0162 trillion won.

Funds also flowed into so-called "inverse leverage" products, which bet on a decline in share prices. "SOL SK hynix Futures Single-Stock Inverse 2X" by Shinhan Asset Management ranked 19th in trading value. This is interpreted as investors flocking to hedge against the possibility of a correction in the recently surged SK hynix stock price.

Short-term trading was also active. Of the 44.03 million shares purchased of "KODEX SK hynix Single-Stock Leverage," about half, or 20.65 million shares, were sold on the same day. Similarly, for "TIGER SK hynix Single-Stock Leverage," 39.14 million shares were bought and 10.87 million shares were sold, indicating rapid turnover.

This content was produced with the assistance of AI translation services.