🔴 Leverage Shares 2X Long ARM Daily ETF is trading 11% down today on Broadcom-led semiconductor selloff

Leverage Shares 2X Long ARM Daily ETF is trading 11% down at $47.75 today, primarily driven by a Broadcom-led semiconductor selloff that is pressuring ARM and related AI chip names.

• The decline extends a steep multi-day reversal from gains recorded in late May as market sentiment shifts.
• Weaker Nasdaq futures and a broader risk-off rotation away from high-valuation technology stocks are adding further downward pressure on the leveraged ETF.