🔴 MTUM is trading 3.75% down today amid a broad technology selloff and AI spending concerns

MTUM is trading at $289.51 (-3.75%) driven by a broad information technology selloff and a weak NASDAQ opening risk-off tone.

• Chipmakers are under pressure from renewed worries regarding AI spending, competition, and valuation.
• The ETF is seeing amplified losses due to its heavy concentration in momentum names, with nearly half of the MTUM portfolio allocated to the information technology sector.