WGMI is trading 2% lower today despite a broader rebound in information technology stocks following cooler-than-expected June CPI data, which reduced near-term Fed rate hike odds.
- The ETF’s tech-heavy portfolio is currently digesting volatility driven by profit-taking in high-valuation AI and semiconductor holdings.
- Geopolitical tensions continue to weigh on the fund's performance even as the Nasdaq and broader tech sector move higher on improving inflation data and macro sentiment.