🔴 COHH is trading 11.7% down today on continued Coherent (COHR) selloff and optical sector weakness

COHH is trading 11.7% down today as persistent selling pressure on its underlying asset, Coherent Corp (COHR), is compounded by a broader risk-off sentiment in the optical and semiconductor sectors.

• The decline reflects ongoing downside momentum in the optical and hardware space, which has faced several sessions of sharp pullbacks.
• As a 2x leveraged ETF, COHH is seeing its losses significantly amplified relative to the daily performance of COHR.
• Market sentiment remains cautious toward semiconductor-related names, contributing to the continued volatility in leveraged equity instruments.