🔴 LITX ETF (LITX) is trading 10.6% down as 200% Lumentum exposure magnifies weakness

LITX is trading at $28.35 (-10.60%) as its 200% daily exposure to Lumentum Holdings magnifies weakness in the underlying stock.

• Japan 10-year yields near 3% and higher U.S. Treasury yields are pressuring rate-sensitive technology and growth assets.
• Renewed U.S.-Iran tensions pushed Brent crude above $91, worsening inflation and risk-aversion concerns.
• The broader Nasdaq decline and weaker futures are reinforcing the selloff.