COHH is trading 4.4% down today as early strength in global chip stocks and optical electronics fades, reversing gains from the previous session.
- The pullback follows a sharp rebound in the sector on July 14 driven by gains in South Korean and U.S. semiconductor names, with today’s move reflecting profit-taking and normalization.
- As a leveraged ETF tied to Coherent and the broader semiconductor space, the fund remains sensitive to shifting sentiment across global chip markets.