🔴 Optical Networking ETF (COHH) is trading 6.04% down in pre-market as Coherent falls about 4%

COHH is trading at $6.94 (-6.04%), with weakness in Coherent (COHR) potentially magnified by the fund’s 2x daily exposure.

• COHR fell about 4% on October 7 as AI optical-networking shares retreated and Treasury yields rose; broader market weakness and oil-related inflation concerns added pressure.
• Lower equity futures and ongoing bond-market and geopolitical concerns point to a risk-off backdrop, though reported index declines are smaller than COHH’s move.