On August 17, Tradr 2X Long SNDK Daily ETF rose 8.15% in regular trading, trading at $17.685/share, with turnover of $251 million. The ETF is a 2x leveraged long product on SanDisk, whose underlying stock continued its strong momentum with a gain of approximately 3.8% intraday.

On the news front, AI-focused hedge fund Situational Awareness disclosed in regulatory filings that it significantly increased its SanDisk position to 2.495 million shares in Q2, with combined holdings in two memory companies totaling approximately $11 billion, representing about one-quarter of the fund's net assets. Additionally, SanDisk's Investor Day financial framework continued to catalyze bullish sentiment, with the company targeting mid-to-high teens revenue growth for FY2028-2030, non-GAAP gross margins of approximately 80%, operating margins of approximately 75%, and committing to return 100% of excess cash to shareholders. The company disclosed $93.9 billion in long-term contract value from eight customers. JPMorgan upgraded SanDisk to Overweight with a $2,250 target price, while Goldman Sachs reiterated Buy with a $2,200 target. SanDisk has surged over 35% in the past five trading days, with the leveraged ETF capturing amplified returns.

(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.)