SanDisk Earnings Beat Triggers 20% Premarket Hit In These ETFs
Leveraged ETFs tracking SanDisk Corp. (NASDAQ: SNDK ) tumbled sharply after the memory-chip maker’s latest earnings report, highlighting the downside risks of single-stock leveraged funds when lofty investor expectations collide with cautious guidance. The Leverage Shares 2X Long SNDK Daily ETF (BATS: SNDG ) fell 10.8%