SNXX is trading at $38.21, up 9.9% today, amid extreme volatility in its underlying Sandisk (SNDK) exposure and recent corporate actions.
- The fund recently underwent an 8-for-1 forward split with split-adjusted trading starting June 3, 2026, which has amplified trading activity and short-term speculative flows.
- Given its 2x daily leverage and a beta above 7, even relatively small price fluctuations in Sandisk can produce outsized moves in the ETF price.