🔴 2x Long Coherent ETF (COHH) is trading 14.40% down today amid oil and Treasury yield pressures

COHH is trading at $7.83 (-14.40%) as its leveraged exposure to Coherent and AI-photonics stocks faces broader technology-sector risk aversion.

• Rising oil prices and multi-year-high Treasury yields are pressuring growth-stock valuations, while Asian technology shares also weakened.
• The decline follows COHH’s 15.47% gain on August 17, increasing the likelihood of profit-taking and liquidity-driven volatility.
• Coherent’s recent earnings were strong, but shares had previously declined on elevated expectations, adding uncertainty to the underlying exposure.