🔴 Leveraged Sandisk ETF (SNDU) is trading 3.8% down today as semiconductor memory shares weaken

SNDU is trading at $20.94 (-3.75%) as semiconductor memory shares weaken, indicating a company-specific memory-sector reversal rather than a broad market selloff despite broader U.S. indexes gaining.

• On September 3, SK Hynix fell nearly 3% overnight, pressuring related names including Sandisk.
• The decline also reflects profit-taking after SNDU gained 2.35% on September 2 and 11.03% on August 31.