SNDQ is trading up 3.34% at $2.63 as the inverse ETF stages a technical bounce following a sharp multi-day selloff.
- The fund is recovering from significant losses earlier in the week, including a 14% drop on July 8 and a 13.9% decline on July 9 triggered by a rally in Sandisk stock.
- With broader indices trading slightly higher and no major macro news scheduled, the move is viewed as a technical reaction to recent oversold conditions in inverse Sandisk exposure.