🔴 Coherent leveraged ETF (COHH) is trading 4.75% down as investors take profits after PhotonLink launch

COHH is trading at $6.21, down 4.75% on September 23, 2026, primarily due to profit-taking after Coherent’s PhotonLink launch, rather than a new negative company announcement.

• The decline extends the prior session’s pullback after a sharp multi-session rally.
• Coherent shares were also weaker in September 23 premarket trading, while broader indexes declined modestly.
• Post-catalyst consolidation in AI infrastructure and optical-networking exposure was amplified by COHH’s leveraged structure.