Tradr 2X Long Sndk Daily ETF is trading 15% up today as its underlying asset, Sandisk (SNDK), recovers from a sharp selloff triggered by the Federal Reserve's latest policy update.
- The Federal Reserve maintained interest rates at 3.50%-3.75% on June 17 but signaled a potentially tighter path, which pressured risk assets and tech stocks into the previous close.
- As markets reassess the decision, Sandisk and related high-beta technology shares have bounced, with the ETF's 2x leverage amplifying the upward move.