LITX is trading at $42.98, down 6.26%, as weakness in Lumentum can have an amplified effect on the ETF through its 2× daily exposure. - LITE was down 2.59% in pre-market trading after a strong prior-session gain, consistent with a pullback after a sharp run-up. - U.S. stocks are lower ahead of the 2:00 p.m. ET FOMC minutes; rebounding Treasury yields and weaker chip shares pressure growth and technology stocks, but are not LITX-specific triggers.