COHH is trading 11.7% down today as geopolitical instability and a rotation out of high-growth technology stocks pressure the leveraged ETF.
- Escalating US-Iran conflict in the Strait of Hormuz and a spike in Brent crude prices are driving broad risk-off sentiment across global markets.
- The decline extends a shift out of AI and semiconductor names seen on July 13, with investors further de-risking ahead of looming June CPI data.
- As a leveraged equity ETF, COHH is amplifying the sharp multi-day selloff currently impacting high-growth and technology sectors.