🔴 Trading--Inverse Equity ETF (BEZ) is trading 11.1% down as Bloom Energy rises in pre-open trading

BEZ is trading at $6.38, down 11.14%, as Bloom Energy’s rebound pressures the inverse ETF.

• BEZ seeks -200% of Bloom Energy’s daily performance, so a rebound in the stock weighs on the ETF.
• Bloom Energy rose 5.0% in pre-open trading as investors positioned ahead of its October 22 earnings report and the stock recovered from the prior session’s sector selloff.
• Broad-market strength is a secondary factor.