Tema Space Innovators ETF is trading at $33.34 (-5.38%) as profit-taking and a rotation out of cyclicals pressure the fund following its recent rally.
- The ETF is pulling back after a significant 12.80% jump on June 11, which left shares extended near short-term highs.
- A heavy 40.4% exposure to industrials makes the fund sensitive to sector-wide shifts, even without specific stock shocks.
- Broader market indices are currently mixed, suggesting this move is fund-specific rather than a broad market risk-off selloff.