🔴 Coherent 2X Long ETF (COHH) is trading 10.77% down in pre-market after Coherent earnings beat

COHH is trading at $8.53, down -10.77%, after Coherent’s earnings reaction pressured the leveraged ETF.

• COHH is designed to deliver 2x the daily performance of Coherent (COHR), amplifying the underlying stock’s earnings reaction.
• Coherent reported fiscal fourth-quarter revenue of $2.05 billion and non-GAAP EPS of $1.74, beating estimates; COHR fell about 4.57%, likely on profit-taking or outlook concerns.
• U.S. futures were modestly higher ahead of July PPI; the decline appears company-linked within AI-photonics.