🔴 Inverse Equity ETF (SNDQ) is trading 4.5% down today despite broader U.S. equity weakness

SNDQ is trading at $14.40, down 4.51% on September 1, 2026, while U.S. equities are also under pressure amid renewed U.S.-Iran tensions.

• Oil is near $91, alongside higher global bond yields and reduced expectations for Federal Reserve easing.
• The decline is unusual for an inverse equity ETF and likely reflects intraday volatility, daily-reset mechanics, and a reversal from the prior session’s geopolitical risk premium.