🔴 2X Short Bloom Energy ETF (BEZ) is trading 8.5% down in pre-market after S&P 500 inclusion

BEZ is trading 8.5% down in pre-market after Bloom Energy’s S&P 500 inclusion was announced.

• BEZ is designed to deliver approximately -200% of Bloom Energy’s daily performance.
• Bloom Energy rallied, creating expected passive-index buying ahead of the September 21 effective date.
• S&P 500 futures are down 0.40%; the modest decline does not explain BEZ’s outsized move, while index inclusion and continued stock momentum mechanically pressure the inverse ETF.