🔴 Leverage Shares 2X Long AVGO Daily ETF is trading 30.7% down today after Broadcom earnings and a reversal in AI momentum

Leverage Shares 2X Long AVGO Daily ETF is trading 30.7% down today as traders unwind leveraged exposure following Broadcom’s Q2 earnings and a reversal in recent AI-driven enthusiasm.

• The outsized decline is a result of the fund's 2x daily long leverage on Broadcom (AVGO), which magnified the underlying stock's pullback after the earnings event.
• The ETF became vulnerable to profit-taking and volatility compression following a multi-day surge leading up to the June 03, 2026 report.