Movement Alert｜T-REX 2X Long DRAM Daily Target ETF Overnight Decline 8.01%, Profit-Taking Followed Record SK Hynix Results and DRAM Rally

On October 29, T-REX 2X Long DRAM Daily Target ETF fell 8.01% Overnight, trading at $9.65 with turnover of $6.4625 million.

The move followed a sharp prior-session rally tied to record third-quarter results from SK Hynix, but the latest market update showed SK Hynix falling 3.39% in night trading as gains were pressured after earnings and shareholder-return catalysts were digested.

Earlier disclosures showed SK Hynix reported third-quarter revenue of 104.62 trillion won and operating profit of 83.33 trillion won, both above expectations and at record highs. The company also outlined a 100 trillion won full-year shareholder return plan, while management said DRAM and HBM capacity was effectively sold out through 2029 and memory undersupply could persist toward 2030. Those developments had previously driven a more than 11% jump in this leveraged DRAM ETF, making the subsequent Overnight fall consistent with a pullback after a news-driven surge.

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(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)