JEDI is trading 4.1% down in after-hours trading as investors take profits in the defense and industrials sectors following a period of significant outperformance.
- The ETF's recent gains were driven by heightened Middle East tensions and robust U.S. manufacturing data, which provided a tailwind for its industrials-heavy technology holdings.
- Selling pressure has emerged as the initial surge in industrial stocks normalizes and geopolitical tensions involving Iran continue to evolve.
- The decline follows several strong sessions where defense and aerospace strength pushed the fund higher.