Tradr 2X Long Sndk Daily ETF is trading at $25.48 (-1.62%) as weakness in SanDisk-linked semiconductor stocks pressures the leveraged fund.
- The move is magnified by the fund's 2x daily exposure and follows a recent 8:1 forward split that has contributed to increased price volatility.
- Broader market sentiment remains risk-off, with the Nasdaq down sharply and growth stocks underperforming following a shift in rate expectations driven by recent labor data.