🔴 Sandisk 2X Leveraged ETF (SNXX) is trading 6.6% down today on semiconductor weakness

SNXX is trading at $14.35 (-6.64%) as semiconductor weakness pressures the ETF.

• The PHLX Semiconductor Index fell nearly 5% on August 18, with SanDisk among the sharpest decliners.
• Higher long-term yields, including the 30-year Treasury yield near 5.33%, are reducing demand for high-growth technology stocks.
• Renewed U.S.-Iran tensions and elevated oil prices are adding inflation and risk-off pressure; the ETF’s 2x leverage amplifies the underlying semiconductor decline.