🔴 Small-Cap Inverse ETF (SDD) is trading 4% down as small-cap stocks rallied

SDD is trading at $8.64, down 4.02%, as small-cap gains pressured the inverse fund.

• SDD targets -2x the daily performance of the S&P SmallCap 600, so gains in small-cap stocks pressure the fund.
• On November 2, small- and mid-cap shares and broader U.S. indexes rose amid a rebound supported by sharply lower oil prices and hopes for U.S.–Iran diplomacy. No volume data was provided; the move is consistent with SDD’s inverse exposure.