🔴 Leveraged SNDK ETF (SNDU) is trading 4.33% down in pre-market amid profit-taking in Sandisk exposure

SNDU is trading at $21.18, down 4.33% from the August 31 close of $22.14, partly driven by profit-taking in its leveraged Sandisk exposure.

• The decline follows a sharp 11.03% regular-session gain.
• Renewed U.S.-Iran tensions lifted oil and pushed the 10-year Treasury yield above 4.75%, increasing rate-hike concerns.
• Weaker risk sentiment is pressuring growth-oriented semiconductor shares.