An individual investor holding SK Hynix leveraged ETF shares posted an online account screenshot on May 13 showing an unrealized loss of approximately 2.1 billion KRW. The post gained attention as SK Hynix stock fell over 13% intraday on May 13, breaking below the 1.9 million KRW level. The investor's position in TIGER SK Hynix Single Stock Leveraged ETF—a product that tracks twice the daily return of SK Hynix stock—resulted in the significant paper loss due to the amplified downside exposure inherent in leveraged ETFs.
Investor Holds 212,586 Shares with 2.1 Billion KRW Unrealized Loss
The investor, identified as Mr. A, posted on an online community on May 13 with the title "Is everything a fleeting dream (feat. Hynix Lever 210,000 shares)." The account screenshot showed holdings of 212,586 shares of TIGER SK Hynix Single Stock Leveraged ETF. The purchase amount was approximately 5 billion KRW, with a current valuation of approximately 2.9 billion KRW, resulting in an unrealized loss of approximately 2.1 billion KRW and a return rate of -42.04%.
Mr. A wrote: "I feel like I'm wandering in fog, not knowing whether holding on is greed or cutting losses is wise. It's a difficult day. Still, I trust Hynix and will hold on." In the comments section, the investor clarified that the position remained in profit territory overall, stating "I'm still in the profit zone" and "I switched to this from Hong Kong leverage." When asked about capital gains tax paid on the overseas leverage product sale, Mr. A responded "600 million KRW."
When other users suggested cutting losses, Mr. A replied: "Is this a gambler's end or a beast's heart bet?" To a question about whether SK Hynix would need to reach 4 million KRW for principal recovery, the investor answered: "If it reaches 4 million KRW, my money will become 20 billion KRW." Mr. A added: "Since January, despite multiple corrections, leverage kept rising. I think this situation came from a learning effect, but I want to maintain my position."
SK Hynix Stocks Rebound 2.55% on May 14
KOSPI turned upward on the afternoon of May 14, rising to the 6900 level. Semiconductor stocks, driven by bargain hunting, pushed the market higher. As of 2:40 PM on May 14, Samsung Electronics traded at 262,000 KRW, up 7,500 KRW (2.95%), and SK Hynix traded at 1,892,000 KRW, up 47,000 KRW (2.55%).
TIGER SK Hynix Leveraged ETF Amplifies Daily Returns by 2x
TIGER SK Hynix Single Stock Leveraged ETF is a leveraged ETF product that tracks twice the daily return of SK Hynix stock. When the underlying asset rises, profits are amplified, but in a declining market, losses can also increase significantly.
FAQ
What happened to the SK Hynix leveraged ETF investor on May 13?
An individual investor posted an account screenshot on May 13 showing an unrealized loss of approximately 2.1 billion KRW in TIGER SK Hynix Single Stock Leveraged ETF, after SK Hynix stock fell over 13% intraday and broke below 1.9 million KRW.
How did SK Hynix stocks perform on May 14?
SK Hynix stocks rebounded 2.55% on the afternoon of May 14, trading at 1,892,000 KRW, up 47,000 KRW from the previous session, as semiconductor stocks drove KOSPI higher to the 6900 level.
