🔴 Leverage Shares 2X Long AVGO Daily ETF is trading 10% down today on Broadcom weakness and broader semiconductor selloff

Leverage Shares 2X Long AVGO Daily ETF is trading 10% down today as its 2x leveraged exposure to Broadcom (AVGO) magnifies the underlying stock's decline amid a broader market retreat.

• A hotter-than-expected May CPI print and renewed inflation concerns are weighing on the Nasdaq and growth-oriented AI names.
• Rising geopolitical tensions in the Middle East are further pressuring the semiconductor sector, dragging down Broadcom and amplifying losses for the leveraged ETF.