🔴 Lumentum 2X ETF (LITX) is trading 3.29% down in pre-market after equity offering sparked dilution concerns

LITX is trading at $27.62 (-3.29%) pre-market after Lumentum fell alongside the broader AI-optics group.

• Applied Optoelectronics’ substantial equity offering raised dilution concerns, triggering sympathy selling across photonics stocks and pressuring LITX’s 2X daily exposure.
• Renewed U.S.-Iran hostilities, higher oil prices, rising global bond yields, and weaker technology futures are weighing on rate-sensitive growth assets.