🔴 Trading--Inverse Equity ETF (SNDQ) is trading 5.95% down in pre-market as Sandisk and semiconductor stocks rise

SNDQ is trading 5.95% down in pre-market because it targets approximately -200% daily exposure to Sandisk (SNDK) while semiconductor stocks and Nasdaq futures are higher.

• Risk-on tone, including gains in Nvidia and Micron, is pressuring the inverse semiconductor-linked ETF.
• Nasdaq futures are up 0.42% as investors position ahead of the August U.S. jobs report; the expected 56,000 payroll increase makes rates and growth-stock volatility particularly sensitive.
• Search coverage indicates SNDK remained higher after the prior session.