🔴 LITE-leveraged ETF (LITX) is trading 3.46% down in after-hours trading as Lumentum shares face valuation pressure

LITX is trading at $26.80, down 3.46%, as weakness in Lumentum directly pressures the ETF, which seeks 2× the stock’s daily performance.

• Lumentum remained under pressure amid a broader repricing of AI optical-networking stocks; reporting linked the pullback to valuation and sentiment, not weaker company demand.
• Hotter-than-expected September CPI and pressure on technology shares may have added to the risk-off backdrop.