Leverage Shares 1X Short Sk Hynix Daily ETF (SKHZ)

Leverage Shares 1X Short Sk Hynix Daily ETF is trading at $12.07, down 2.62% on the session. The 50 day average sits at $10.59 and the 200 day at $n/a, which puts the stock in a mixed technical position. RSI is at 63.1, which reads as strong, and MACD is bullish crossover. Volume is below average.

The nearest support is around $10.96 with resistance near $12.73, so that band frames the current range. Average daily movement is roughly $0.56, or about 4.7% of the share price, which is what any stop placement has to allow for. The overall health score of 62 out of 100 combines a trend score of 52, momentum of 88 and a risk score of 42.

The fund invests at least 80% of its net assets (plus borrowings for investment purposes) in the underlying security and financial instruments with economic characteristics that, in combination, provide inverse (-100%) exposure, on a daily basis, to the price of the underlying security, consistent with the fund’s investment objective. It is non-diversified.