The Tradr 2X Short SNDK Daily ETF (BATS:SNDQ) has emerged as one of July’s biggest ETF winners, soaring more than 175% as an aggressive selloff in SanDisk Corp (NASDAQ:SNDK) shares fueled demand for leveraged bearish exposure.
The rally comes as SanDisk (NASDAQ:SNDK) has unraveled from its June highs, losing more than half its value amid a brutal semiconductor correction, profit-taking in AI-linked memory stocks and growing concerns over NAND pricing, despite the company continuing to post robust operational results.
