🔴 2X Short Bloom Energy ETF (BEZ) is trading 3.3% down in after-hours trading after index inclusion

BEZ is trading at $5.64 (-3.34%); the decline reflects BEZ’s -200% daily inverse exposure to Bloom Energy after Bloom strengthened on S&P 500 inclusion confirmation.

• Bloom will enter the S&P 500 before the market opens on September 21.
• The inclusion is supporting index-related buying in Bloom shares.
• This has outweighed rate pressure from the Federal Reserve’s 25-basis-point hike and elevated Treasury yields.