COHH is trading at $9.15 (-8.68%) following weakness in its underlying asset, Coherent Corp. (COHR), and daily leveraged reset effects.
- As a 2x daily leveraged ETF, the fund is designed to amplify the price movements of COHR, resulting in outsized losses during single-stock pullbacks.
- Broader market pressure and uneven performance across growth and technology sectors have added further weight to this semiconductor-linked product.