On August 3, Tradr 2X Long SNDK Daily ETF declined 10.39% in regular trading, trading at $8.0879/share, with turnover of $162 million. The ETF is a 2x leveraged long product tracking SanDisk, which fell approximately 4.5% intraday, with the leverage effect amplifying the decline.

On the news front, Kioxia reported quarterly earnings below market expectations, weighing on the broader storage sector. Meanwhile, SanDisk is scheduled to release its quarterly results after market close on August 5, with consensus estimates projecting revenue of approximately $8.4 billion and adjusted EPS of around $34.45. Following a cumulative 47% plunge in July, investors remain cautious about whether earnings can validate the sustainability of AI-driven storage demand. Bull-bear positioning has intensified significantly ahead of the report, further amplifying volatility in the leveraged ETF.

(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.)