🔴 Coherent 2X ETF (COHH) is trading 4.1% down in pre-market as optical names slide

COHH is trading at $6.12, down 4.08%, with optical-sector weakness the most likely driver.

• Reporting cited pre-market declines in Coherent, Lumentum, Credo, Corning and Marvell; no fresh company-specific catalyst was identified.
• COHH targets 2x Coherent’s daily performance, amplifying moves in its underlying stock.
• Broad futures are mixed, offering little confirmation of a broad-market explanation; the move appears more consistent with profit-taking than a new overnight announcement.