JEDI is trading 4.8% up today as its industrials-heavy, defense and aerospace-focused holdings rally on renewed Middle East tensions and strong U.S. manufacturing data.
- Geopolitical escalation around Iran is supporting defense contractors and drone/modern warfare names.
- Upbeat ISM manufacturing figures and a broad risk-on move in U.S. equities are further lifting industrials.
- JEDI is outperforming broader markets given its majority exposure to the industrials sector.