SNDU is trading at $11.75 (-6.6%) as the semiconductor sector faces a continuing selloff and investors remain cautious ahead of the Federal Reserve's July 29 meeting.
- As a 2x leveraged ETF tracking Sandisk (SNDK), the fund's price action is amplified by volatility in the underlying chip name and the broader semiconductor tape.
- Tech stocks remain under pressure as geopolitical tensions in the Middle East drive oil prices higher, further weighing on global growth sentiment and market risk appetite.