SNDG is trading at $12.27, down 6% as the fund extends a sharp sell-off amid cooling sentiment toward AI memory and storage semiconductor stocks.
- The move follows a massive -24.76% decline during the July 13 regular session, reflecting continued profit-taking after a significant rally earlier in the month.
- Broader pressure on the AI chip complex, including after-hours weakness in Micron and NVIDIA, is further impacting leveraged exposure to the sector.