COHH is trading 9% up today as its underlying asset, Coherent Corporation (COHR), rebounds following recent selling pressure in the semiconductor and optical electronics sectors.
- As a 2x leveraged ETF, COHH is experiencing disproportionate gains driven by the recovery in growth and technology stocks.
- Broader market sentiment has stabilized ahead of key U.S. CPI data and major bank earnings, providing a supportive environment for the move.