COHH is trading at $8.20 (-4.32%) as broader weakness in AI and tech-sensitive names weighs on the leveraged ETF.
- The decline follows late-session pressure in growth stocks and a negative tone across Nasdaq futures, which likely amplified the move.
- As a leveraged tracker of Coherent (COHR), the fund is experiencing heightened volatility driven by sector risk sentiment rather than fund-specific news.
- The move reflects the magnifying effect of leverage on the underlying stock's performance during a broader market pullback.