On July 13, Tradr 2X Long SNDK Daily ETF declined 12.97% in regular trading, trading at $23.19/share, with turnover of $311 million. As a 2x leveraged long product on SanDisk, the ETF amplifies the underlying stock's movements.

On the news front, persistent concerns over the storage super-cycle reaching its peak continued to suppress market sentiment. SK Hynix plunged over 10% in pre-market trading, dragging the entire storage sector sharply lower. SanDisk fell over 6% intraday, while Micron Technology and Western Digital each declined more than 6% on the same day.

Despite aggressive target price upgrades from major institutions — Goldman Sachs raising SanDisk to $2,200, Wedbush to $2,000, and Evercore ISI to $3,100 — bull-bear divergence intensified significantly. On the capital flow side, Goldman Sachs fund tracking reports showed hedge funds net selling the information technology sector for four consecutive weeks, while the options market saw a $3.229 million deep out-of-the-money put order, indicating institutional caution toward medium-term downside risks.

(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.)