SNDG is trading 3.8% higher in after-hours trading following a broad risk-on rally in U.S. equities led by the technology sector.
- The upward move follows an easing of geopolitical tensions with Iran and a drop in oil prices, which has boosted growth-oriented and semiconductor-related names.
- As a 2x leveraged long semiconductor-focused ETF, the fund is recovering from a highly volatile week as investors return to chip-related assets.