MTUM is trading 1.6% down today as China’s decision to halt helium exports weighs on the information technology sector, which represents 51.3% of the ETF's holdings.
- The export restriction aims to prioritize China's domestic AI and semiconductor production, clouding the supply and cost outlook for global chipmakers and advanced computing firms.
- Weakening sentiment across the broader tech sector and lower Nasdaq futures are driving profit-taking and de-risking in momentum-heavy names following recent strong gains.