JEDI is trading 4% up today as strength in the industrials sector, which accounts for over half of the ETF’s holdings, lifts the fund despite broader market weakness.
- Aerospace and defense names are gaining momentum following a 7% surge in Airbus shares, driven by a large buyback announcement and raised profit targets.
- While macro headwinds from higher yields and oil prices are weighing on the technology sector, the industrials segment remains resilient, supporting overall sentiment for the fund.