On September 17, Tradr 2X Long SNDK Daily ETF rose 9.56% in regular trading, trading at $14.875/share, with turnover of $276 million. The ETF is a 2x leveraged long product on SanDisk, whose underlying shares gained over 3% on the same day, with the gain amplified by leverage.

On the news front, Citi released a research report projecting global memory capital expenditure to surge 46.5% year-over-year to $80.4 billion in 2027, noting that while demand is climbing rapidly, supply remains constrained by HBM capacity occupation and slowing technology migration, leaving the supply-demand gap difficult to close in the near term. Additionally, S&P Dow Jones Indices previously announced that SanDisk will be officially added to the S&P 100 Index on September 21, with passive fund allocation expectations continuing to build and providing additional price support.

The broader storage sector also rebounded strongly on the day, with SK Hynix rising over 4% and Micron Technology gaining over 5%, forming a recovery from the sector's consecutive pullback in prior sessions when NAND price-peaking concerns and profit-taking had weighed on the group.

(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.)