SK Hynix Rises 0.26% on July 29, but TIGER Leverage ETF Falls 1.66% Amid NAV Discount

SK Hynix-9.93%
According to Korea Exchange data, on July 29, SK Hynix shares rose 0.26% to 1.554 million won, while the TIGER SK Hynix single-stock Leverage ETF declined 1.66% to 8,300 won, trading at a 2.49% discount to its net asset value (iNAV). The phenomenon—where a leveraged ETF tracking an upward-moving underlying asset moves in the opposite direction—stems from the divergence between real-time trading prices and iNAV, compounded by liquidity dynamics and intraday volatility, particularly acute for single-stock leveraged products during market open.
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