LITX is trading at $35.26, down 3.48% as profit-taking and weakness across technology and growth stocks pressure the fund.
- Brent crude moved above $100 amid escalating U.S.-Iran tensions, raising inflation and risk-aversion concerns.
- The decline is amplified by LITX’s 2x daily leverage and exposure linked to Lumentum’s optical and photonic infrastructure business.
- Broader Nasdaq weakness is reinforcing the sector pullback.