🔴 EUAD ETF is trading 4.7% down today on profit-taking after a multi-day aerospace and defense rally

EUAD ETF is trading 4.7% down today as investors take profits following a strong multi-day rally in European aerospace and defense stocks.

• The fund had previously gained on sustained strength from key holdings including Rolls-Royce, Safran, Airbus, Rheinmetall, and BAE Systems amid heightened defense spending and geopolitical tensions.
• The pullback appears to be a normalization move following significant sector outperformance, occurring while broader U.S. equity futures remain modestly higher with no major macro data or Fed events scheduled.