Leverage Shares 2X Long ARM Daily ETF is trading 7.6% down today as the recent AI-chip momentum trade continues to normalize following extreme gains in late May and early June.
- The decline reflects amplified downside in underlying Arm Holdings (ARM) as traders lock in profits and volatility remains elevated following Tuesday’s pullback.
- Broader U.S. equity markets are showing modest weakness and softening risk appetite, further weighing on high-beta leveraged instruments tied to the semiconductor sector.