Movement Alert｜Tradr 2X Long SNDK Daily ETF Rises 8.44% in Regular Trading, Storage Sector Rally Amplified Ahead of SanDisk S&P 100 Inclusion

Market Focus09-18

On September 18, Tradr 2X Long SNDK Daily ETF rose 8.44% in regular trading, trading at $15.955/share, with turnover of $341 million. The ETF is a 2x leveraged long product tracking SanDisk (SNDK), which itself gained over 2% alongside broad strength in storage and optical communication stocks.

The rally comes as multiple catalysts converge for the underlying stock. S&P Dow Jones Indices previously announced that SanDisk will be officially added to the S&P 100 Index on September 21, fueling expectations of passive fund inflows. On September 17, Citi issued a bullish outlook on memory capital expenditure, further boosting sentiment across the storage sector. SK Hynix, Micron Technology, and Ciena Technology all posted notable gains during the same sessions.

SanDisk's fundamentals remain robust, with its latest annual report showing EPS of $77.78 and net income of $11.43 billion, representing a year-over-year increase of 796.71%. The company's CTO has also highlighted its upcoming HBF (stacked flash) product line targeting AI memory demand, with full product availability expected next year.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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