🔴 Coherent leveraged ETF (COHH) is trading 6.28% down today after profit-taking following Coherent’s PhotonLink launch

COHH is trading at $6.54 (-6.28%) on September 22, 2026, with the decline appearing primarily driven by profit-taking after Coherent’s September 21 PhotonLink launch.

• PhotonLink supports co-packaged optics, near-packaged optics, and chip-to-chip connectivity, lifting enthusiasm across photonics and semiconductor stocks.
• The broader market is not signaling a sector-wide selloff; the S&P 500, Nasdaq Composite, and Dow Jones are higher.
• The move is more consistent with leveraged retracement and position-taking than a new adverse macro catalyst.