🔴 Leverage Shares 2X Long AVGO Daily ETF is trading 5.5% down today as Broadcom pares yesterday’s rebound

Leverage Shares 2X Long AVGO Daily ETF is trading 5.5% down today as Broadcom pares gains from a recent semiconductor rebound amid broader tech sector weakness.

• The ETF, which targets 2x the daily move of Broadcom (AVGO), is facing amplified downside as AI and chip sentiment cools following a sharp rally on June 8.
• The pullback comes as the Nasdaq trades lower on renewed tech weakness, leaving the leveraged instrument vulnerable to profit-taking.
• While the Dow remains flat, the semiconductor sector is seeing a reversal of recent gains, impacting high-beta tech funds.