On August 5, Tradr 2X Long SNDK Daily ETF fell 14.23% in after-hours trading, trading at $10.27/share, with turnover of $24.4417 million.

The ETF is a 2x leveraged long product tracking SanDisk. SanDisk released its fourth fiscal quarter results after the close, with its stock falling approximately 6.71%, and the leverage effect further magnified the decline in this ETF.

On the news front, Wall Street consensus had set revenue expectations at approximately $83.94 billion and adjusted EPS at approximately $34.45, both above the company's official guidance upper limit. Some institutions had pushed EPS forecasts as high as $34.80, raising the bar significantly beyond management targets. The aggressive positioning increased the risk of a miss, which materialized upon the earnings release. Additionally, a $2.16 million far-dated out-of-the-money put purchase had previously signaled bearish institutional sentiment, while SanDisk had already declined 47% cumulatively in July, reflecting deep investor skepticism over the sustainability of AI-driven storage demand.

(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.)