🔴 COHH is trading 8.3% down today on optical and semiconductor selloff

COHH is trading 8.3% down today as the leveraged ETF extends its recent slide amid a broader retreat in the optical and semiconductor sectors.

• The fund’s decline reflects continued weakness in its underlying asset, Coherent Corp (COHR), alongside profit-taking in AI-linked semiconductor stocks.
• A general risk-off tilt toward high-beta tech is being amplified by macro concerns regarding higher interest rates and elevated AI valuations.