SNXX is a leveraged ETF seeking 200% of Sandisk’s daily stock performance through derivatives and other financial instruments.

Tradr 2X Long SNDK Daily ETF (Cboe: SNXX) is a leveraged single-stock exchange-traded fund managed by AXS Investments under the Tradr ETFs brand. The fund seeks, before fees and expenses, to deliver 200% of the daily performance of Sandisk Corp. (NASDAQ: SNDK). SNXX uses derivatives, including swap agreements, to obtain leveraged exposure rather than simply holding twice its assets in Sandisk shares. Because its leverage resets daily, the fund is designed primarily for sophisticated traders seeking short-term leveraged exposure to SNDK and is not intended to provide 2× Sandisk’s cumulative return over periods longer than one trading day.