🔴 Trading--Inverse Equity ETF (SNDQ) is trading 3.8% down in pre-market as semiconductor momentum lifts Sandisk shares

SNDQ is trading 3.8% down in pre-market as semiconductor strength lifts Sandisk shares.

• Sandisk (SNDK) gained 8% on September 4 amid sector-wide buying rather than company-specific news.
• Asian semiconductor stocks rallied overnight, while broader risk sentiment remains cautious.
• SNDQ targets -200% of Sandisk’s daily performance, so strength in SNDK pressures the fund.