🟢 Inverse fuel-cell ETF (BEZ) is trading 3.35% up as Bloom Energy shares pull back

BEZ is trading at $4.49, up 3.35%, as Bloom Energy shares pull back.

• BEZ targets -200% of Bloom Energy’s daily share-price performance, so weakness in BE can lift the ETF.
• Rising Treasury yields and oil above $100 ahead of the Fed minutes added broad risk-off pressure.
• Reports of a sharp Bloom Energy rally on factory expansion and fuel-cell demand news were a counterforce; the immediate BE pullback is the more direct explanation for BEZ’s gain.