JEDI is trading 3.22% down in pre-market amid broad risk-off pressure; no company-specific catalyst was confirmed.

  • Renewed U.S.-Iran tensions disrupted Strait of Hormuz shipping, lifting Brent crude toward $90 and long-term Treasury yields to multi-year highs.
  • U.S. futures fell, led by Nasdaq futures; the Dow and industrial shares also declined.
  • JEDI’s 54.1% industrials weighting underscores cyclical exposure; July U.S. housing starts and building permits were scheduled for 8:30 a.m. EST.