🔴 COHH is trading 3% down today on profit-taking in tech and semiconductor sectors

COHH is trading at $5.44, down approximately 3% from its July 31 close of $5.61, as investors lock in gains following a sharp rally in the technology and semiconductor sectors.

• The pullback follows a two-day surge in the broader tech complex fueled by strong earnings from Microsoft and Amazon.
• Despite firmer index futures and pre-market strength in individual chip names, traders appear to be trimming leveraged exposure to the ETF.
• COHH provides leveraged exposure to Coherent (COHR) and the semiconductor industry, making it highly sensitive to shifts in tech sentiment.