🔴 Leverage Shares 2X Long ARM Daily ETF is trading 3.6% down today on semiconductor selloff and rate concerns

Leverage Shares 2X Long ARM Daily ETF is trading 3.6% lower at $38.27 in after-hours trading, extending a steep two-day decline following its June 5 close of $39.69.

• The downward move follows a sharp semiconductor and AI stock selloff triggered by a Broadcom earnings-driven slump and a broader Nasdaq tech rout.
• Market sentiment has shifted as investors reprice for higher-for-longer interest rates following a much-stronger-than-expected U.S. jobs report.