On July 29, Tradr 2X Long SNDK Daily ETF declined 10.57% in after-hours trading, trading at $7.1097/share, with turnover of $35.9961 million.

The ETF is a 2x leveraged long product tracking SanDisk. SanDisk has been under sustained pressure over multiple sessions, directly driving amplified losses through the leverage mechanism. On the news front, SanDisk previously dropped over 9% on July 24, while the Philadelphia Semiconductor Index fell 4% the same day, with the broader storage sector under significant pressure. Subsequent rebound attempts failed to hold, with concentrated profit-taking pressure pushing the leveraged ETF into consecutive sharp declines since July 27. Susquehanna previously lowered its price target on SanDisk from $3,250 to $3,050, further weighing on short-term sentiment and amplifying volatility in the leveraged product.

(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.)