WARP is trading at $20.10 after hours, down 9.26% from its August 18, 2026 regular-session close of $22.15, following a broad risk-off selloff as the U.S.-Iran ceasefire memorandum expired.

  • Brent crude rose above $90, while the 30-year Treasury yield reached 5.33%.
  • Higher energy costs, financing concerns, supply-chain risks, and pressure on technology and industrial holdings are weighing on the ETF.
  • Weak equity futures and continued AI-related selling add to the downside.