COHH is trading 11.5% up today, driven by positive developments for its underlying stock, Coherent Corp (COHR). - Coherent Corp (COHR) was added to the Russell 3000E Growth Benchmark on June 29, 2026. - The company also noted a strong AI optical backlog extending well into 2028, indicating robust demand for its products. - Due to its 2x leveraged structure, COHH is delivering outsized intraday percentage gains relative to these positive catalysts.