Educational Report: GraniteShares 2x Long SK Hynix Daily ETF (SKUU)

The GraniteShares 2x Long SK Hynix Daily ETF (SKUU) is a leveraged ETF designed to provide two times the daily return of SK Hynix. As of September 25, 2026, the ETF was priced at $30.60.

What this ETF is trying to do

SKUU is a leveraged fund. This means it uses financial tools to amplify the daily price movements of its target asset. Specifically, it seeks to deliver 2x (double) the daily performance of SK Hynix. Because it is a "daily" ETF, it is designed for short-term goals rather than long-term investing.

What the numbers show

There is currently very little historical performance data available for this ETF. The supplied data shows that the year-to-date, one-year, and three-year price and total returns are all unavailable. Because there is insufficient verified price history, an erosion score has not been provided.

Income and distribution explanation

SKUU is not designed to provide regular income to investors. The data shows:

• Distribution Yield: 0%

• Payouts in last 12 months: 0

• Distribution Frequency: No distributions detected

Because it does not pay out cash, it has an income rating grade of "F." Investors should note that a high distribution yield is not present here, and this fund does not function as an income-generating investment.

NAV erosion explanation

NAV erosion happens when the value of an ETF's underlying assets drops over time. The supplied data is sufficient to evaluate price erosion, but it does not include enough historical NAV-per-share data to confirm or rule out NAV erosion. However, the severe erosion-risk flag is currently false.

Pros

• Amplified Gains: Because it is a 2x leveraged fund, if the target asset goes up, the ETF is designed to move up twice as much on a daily basis.

Cons

• Amplified Losses: Leverage works both ways. If the target asset price falls, the ETF is designed to lose twice as much daily.

• No Income: This fund provides no distributions or cash payments to shareholders.

• Lack of History: There is currently no supplied return data to show how the fund has performed over the last year or three years.

Beginner takeaway

SKUU is a high-risk, leveraged tool used to bet on the daily movement of SK Hynix. It is not a traditional "buy and hold" investment and does not provide any income. New investors should understand that leveraged ETFs can be very volatile and are generally used for very short timeframes.