ORBX is trading at $38.99, down 4.5%, as the industrials-focused ETF faces pressure from new U.S. tariffs and uncertainty surrounding the Federal Reserve’s upcoming meeting.

  • The fund is reacting to the July 24 tariff package on 60 trading partners, which weighs heavily on its industrial-sector concentration.
  • Sentiment is further dampened by a broader selloff in semiconductor and AI-related stocks, impacting the ETF's tech and communication exposures.