Cash Floods Into Leveraged Semiconductor ETFs, Giving SK Hynix World’s Largest Single-Stock Exposure at $5.5 Billion
Summary
- Leveraged and inverse ETF assets tracking SK Hynix worldwide totaled about $5.5 billion, the largest amount globally for any single stock.
- Leveraged and inverse ETF assets investing in semiconductor-related stocks totaled about $21 billion overall.
- The U.S. triple-leveraged semiconductor ETF SOXL recorded $6.9 billion in net inflows in July, the largest monthly inflow since launch.
Forecast Trend Report by Period
Heavy inflows into leveraged exchange-traded funds tied to semiconductor stocks have made SK Hynix the biggest single-stock holding in leveraged and inverse ETFs worldwide.
According to market analysis firm KobeissiLetter on Aug. 3, assets under management in leveraged and inverse ETFs tracking SK Hynix totaled about $5.5 billion. That is the largest amount for any single stock globally.
Micron ranked next at about $5.1 billion, followed by Nvidia at about $4.8 billion in leveraged and inverse ETF assets.
Among non-semiconductor stocks, Tesla was the largest at about $3.7 billion.
Overall, leveraged and inverse ETFs investing in semiconductor-related stocks held about $21 billion in assets under management.
Money also poured into SOXL, the U.S. triple-leveraged semiconductor ETF. The fund recorded $6.9 billion in net inflows in July, its biggest monthly inflow since launch.
KobeissiLetter wrote that semiconductor stocks have become the main focus of money flowing into leveraged ETFs.
Suehyeon Lee
shlee@bloomingbit.ioI'm reporter Suehyeon Lee, your Web3 Moderator.