COHH is trading at $5.15, down 8.2% today as investors lock in profits across the technology and semiconductor sectors following recent earnings-driven gains.
- The pullback reflects a normalization after outsized upside in AI and cloud leaders like Microsoft and Amazon, rather than a new macroeconomic shock.
- The leveraged ETF is retreating from its July 31 close of $5.61 after a sharp multi-day rally, even as major indices maintain modest gains.