🔴 Trading--Inverse Equity ETF (SNDQ) is trading 4.7% down as Sandisk rebounds

SNDQ is trading at $10.13, down 4.70% on September 22, 2026, as Sandisk rebounds amid technology strength.

• The -2x daily inverse ETF tied to Sandisk (SNDK) declines as the underlying stock rebounds strongly, amplified by leverage.
• Sandisk’s recent S&P 100 inclusion has increased demand and volatility; AI-led technology strength, lower oil prices, and declining Treasury yields favor risk appetite.
• Nasdaq and S&P 500 gains reinforce pressure; the move appears Sandisk-specific and sector-driven, not a macro shock.