🔴 2X Long SNDK ETF (SNXX) is trading 5.2% down in pre-market after Sandisk shares weakened

SNXX is trading at $13.63, down -5.22%, after Sandisk shares weakened following Monday’s 5.5% rally.

• The rally reflected MSCI World inclusion and AI-memory optimism, while profit-taking likely pressured overnight trading.
• SNXX targets 200% of SNDK’s daily performance, magnifying modest underlying weakness.
• Softer index futures, elevated Treasury yields, oil gains, and Middle East tensions added broader risk pressure.