🔴 SNDG ETF (SNDG) is trading 11.17% down in pre-market after profit-taking following memory-stock rally

SNDG is trading at $10.54 (-11.17%) in pre-market, primarily on profit-taking after its memory-stock rally.

• Seven consecutive gains included a 17.71% jump on August 17.
• SanDisk and peer memory shares rallied on AI-server demand, tight supply expectations and bullish long-term guidance; on August 18, Nasdaq slipped 0.32% and the S&P 500 fell 0.52%, adding to risk reduction.
• No fresh negative company-specific catalyst was identified overnight; the move is likely a leveraged reversal of stretched sector positioning.