🔴 AMDY is trading 5.6% down today after YieldMax cut its weekly distribution

AMDY is trading 5.6% down at $46.85 after YieldMax reduced its latest weekly distribution payout.

• The July 15 payout is set at $0.8531 per share, down from the previous distribution of $0.8751.
• The ETF is facing selling pressure ahead of its July 16 ex-dividend date.
• Broader volatility across the technology and semiconductor sectors is contributing to the downward move.