🔴 Trading--Leveraged Equity ETF (COHH) is trading 5.01% down in pre-market amid Coherent's sharp weekly decline

COHH is trading at $3.23, down 5.01%, amid renewed concern about AI-infrastructure financing and weakness in optical and semiconductor shares.

• COHH targets 2x the daily move in Coherent (COHR), so pressure on its underlying can be amplified.
• These risks contributed to Coherent’s sharp weekly decline.
• Broad index futures are nearly flat, so the drop appears more consistent with underlying- and sector-specific volatility than a broad market selloff; housing data are due later this morning.