🔴 2X Short Bloom Energy ETF (BEZ) is trading 7.86% down in pre-market on S&P inclusion

BEZ is trading at $5.39 (-7.86%) as Bloom Energy’s continued strength pressures the inverse ETF.

• Bloom Energy’s confirmed S&P 500 addition is effective before the September 21 open; index-tracking funds are expected to buy shares.
• BEZ targets -200% daily inverse exposure to Bloom Energy; gains in the underlying pressure the ETF.
• Decline extends 8.31% from September 16; higher pre-market futures contrast with a Bloom-specific move. Prior Federal Reserve hike and elevated yields remain secondary risks.