Kioxia Holdings faces more wild price swings with leveraged exchange-traded funds tracking the Japanese memory chipmaker¡¯s shares set to be listed in the U.S.
Corgi Strategies, GraniteShares Advisors and Tuttle Capital Management are among issuers seeking to launch the products, a type of ETF that uses the underlying stock, futures and options to turbocharge returns. The planned listings come against a backdrop of increased scrutiny on leveraged ETFs in recent months due to their role in magnifying share price moves.
That puts Kioxia in the crosshairs of a rush by investors to ramp up bets on the AI boom that has turned leveraged ETFs into a $270 billion business. It would be the first Japanese company to have its shares tied to a single-stock leveraged ETF, according to data compiled by Bloomberg.
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