Tradr 2X Long SNDK Daily ETF (SNXX)
ETF analysis · CBOE · Financial Services · Asset Management - Leveraged
Tradr 2X Long SNDK Daily ETF (SNXX) is an exchange-traded fund in the Financial Services sector. Latest price: $6.78. Market cap $976.93M. Sign in to Stocks360 for full DCF valuation, fundamentals, technicals, and AI-driven analysis.
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Proprietary Signals
About Tradr 2X Long SNDK Daily ETF
The SNXX fund aims to generate gains by taking a bullish stance on Sandisk Corporation (NASDAQ: SNDK) shares, primarily through the use of swap agreements and listed call options. Direct investment in SNDK stock is also a possible strategy for the fund. Sandisk is a technology firm specializing in the creation, production, and supply of storage solutions leveraging NAND flash technology, with a product portfolio encompassing items like solid state drives, various memory cards, and USB flash drives. Through daily rebalancing, SNXX strives to achieve daily leveraged exposure, targeting a return equivalent to twice the daily percentage movement of SNDK's share price. It's important to note that holding the fund for more than one day may lead to returns diverging significantly from the targeted 200%, primarily due to the effects of volatility and compounding. For collateral purposes, the fund intends to allocate capital to US Government securities, money market instruments, short-term bond exchange-traded funds, and corporate debt.
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