Sandisk Corp.’s (NASDAQ:SNDK) latest rally is drawing heavy trading into leveraged ETFs tied to the memory-chip maker, with the Tradr 2X Long SNDK Daily ETF (BATS:SNXX) emerging as the most actively traded ETF on Friday.
SNXX traded more than 135 million shares as Sandisk stock surged following a bullish call from JPMorgan. The New York-based bank upgraded Sandisk to Overweight and set a $2,250 December 2027 price target, implying roughly 47% upside from Thursday’s close.
