🟢 2X Short BE ETF (BEZ) is trading 13.31% up in pre-market on rate-driven Bloom Energy selling

BEZ is trading at $6.47 (+13.31%) as Bloom Energy and growth-oriented equities face rate-driven selling.

• Higher Treasury yields and rising expectations for a September Fed hike are pressuring growth-oriented equities.
• U.S. futures are broadly lower, while Middle East shipping disruptions have pushed Brent above $107, worsening risk sentiment.
• BEZ targets -200% daily exposure to Bloom Energy, so weakness in the underlying stock can amplify gains in the ETF.