BEZ is trading at $6.85, up 11.56%, as Bloom Energy shares fell more than 4% overnight ahead of its October 22 earnings report after the close.
- BEZ seeks 2x inverse daily exposure to Bloom Energy (BE), meaning weakness in BE can lift the ETF.
- Broader risk-off sentiment, including tech-stock pressure and rising oil amid Middle East tensions, added headwinds. BEZ had fallen 14.48% on October 21, consistent with a sharp reversal in its daily direction.