🔴 Leveraged Equity ETF (COHH) is trading 6.77% down in pre-market as Iran tensions pressure markets

COHH is trading at $5.51, down 6.77% in pre-market as Iran-related tensions and weaker U.S. equity futures and technology pressure markets.

• On September 28, rejection of a Strait of Hormuz proposal renewed Iran-related tensions, lifting oil and reversing some Friday’s diplomatic optimism.
• COHH targets 2x daily exposure to Coherent (COHR), so underlying weakness can magnify the move; supplied context does not establish a COHR-specific overnight trigger.
• No major U.S. data is scheduled before the Dallas Fed index later.