MOAT is trading at $114.39 (-3.05%) during the open session as broad technology and semiconductor selling weighs on the ETF. - Investors are concerned election results could bring tighter scrutiny of AI and slow data-center construction. - Semiconductor stocks also fell after Qualcomm’s weak outlook; MOAT has a 25.3% information-technology allocation. - The decline is consistent with sharply weaker major indexes, rather than an isolated MOAT-specific catalyst.