🔴 2x Long COHR ETF (COHH) is trading 4.68% down in pre-market amid semiconductor weakness

COHH is trading at $6.52 (-4.68%) as semiconductor shares remain under pressure after the August 18 selloff.

• 30-year Treasury yields reached 5.33%, weighing on growth-stock valuations.
• Escalating U.S.-Iran tensions pushed oil above $90, reviving inflation concerns and reinforcing the global risk-off tone.
• COHH magnifies Coherent (COHR)’s daily move 2x, amplifying weakness in optical and semiconductor-related equities.