COHH is trading at $7.74, down 8.5% in pre-market action, as the leveraged ETF continues to face pressure from a broader sell-off in the optical and semiconductor industries.
- The move follows several sessions of sharp declines for the underlying stock, Coherent Corp (COHR), amid a general shift away from hardware names.
- No specific company news was reported overnight; the decline is attributed to negative sector momentum and ongoing risk-off sentiment.