SNXX is trading at $8.30, up 3.30% today as the 2x leveraged ETF stages a modest rebound and short-covering following three consecutive sessions of declines exceeding 20% each.
- The recovery follows an extreme, oversold selloff in underlying Sandisk (SNDK) exposure within the broader semiconductor sector.
- Broader market sentiment remains mixed due to renewed Middle East tensions and a steady-but-hawkish interest rate stance from the Federal Reserve.