Leverage Shares 2X Long AVGO Daily ETF is trading at $31.63 (+6.51%) following a broad risk-on rebound in growth and leveraged semiconductor exposure.
- The move follows the market fully pricing in the June 17 Fed decision, with a stronger Nasdaq tone and higher futures favoring leveraged tech ETFs.
- Underlying asset Broadcom (AVGO) remains firm, supporting the fund's exposure theme rather than a specific fund-level catalyst.
- The rally reflects a wider shift toward mega-cap tech and growth assets during pre-market trading.