USD is trading 4.9% down as traders extend profit taking and de-risk from high-beta chip and growth names after a sharp rebound over recent weeks.
- Renewed pressure on the technology and semiconductor complex, combined with broader volatility in AI-related plays, is weighing on this 2x leveraged fund.
- The fund's leveraged structure is amplifying sector moves as investors lock in gains and trim exposure to cyclical, rate-sensitive growth stocks.