Weekly Channel Summary
The Single Stock ETF channel, comprising 610 funds from 18 issuers, currently holds $43.42 billion in assets under management. This past week, the category experienced significant net outflows totaling $826 million, marking a notable reversal in sentiment. Despite the weekly withdrawals, flows remain strongly positive on a longer-term basis, with $12.23 billion in net inflows year-to-date and $22.67 billion over the past year.
This Week’s Performance Leaders and Laggards
The Non-Traditional: Leverage / Inverse category posted a substantial 12.06% gain for the week, dominating the performance landscape. In contrast, Synthetic Income and Currency Hedged strategies delivered more modest returns of 0.71% and 0.38%, respectively. The strong weekly result for leveraged and inverse products builds on a powerful trend, with the category now up 107.19% year-to-date.
Top & Bottom Underlying Stock Performance (WTD)
| Ticker | Underlying Stock | Week-To-Date Return | Year-To-Date Return | Number of Funds Following Stock |
|---|---|---|---|---|
| Top Performers | ||||
| MRNA | Moderna Inc | 7.01% | 114.72% | 1 |
| AMD | Advanced Micro Devices Inc | 6.42% | 140.19% | 1 |
| NFLX | Netflix Inc. | 5.42% | -16.64% | 1 |
| XYZ | Block Inc | 4.91% | 27.33% | 1 |
| XOM | Exxonmobil Holdings Corp Com Shs | 4.61% | 33.04% | 1 |
| Bottom Performers | ||||
| AMZN | Amazon Com Inc | -4.31% | 13.79% | 3 |
| BABA | Alibaba Group Hldg Ltd Sponsored Ads | -3.58% | -15.53% | 1 |
| COIN | Coinbase Global Inc Shs | -3.34% | -34.35% | 2 |
| GOOG | Alphabet Inc Cap Stk Cl C | -2.81% | 9.48% | 3 |
| AAPL | Apple Inc | -2.36% | 12.53% | 4 |
Top & Bottom 5 ETFs by Weekly Performance
Extreme volatility was on full display, with several funds linked to the same underlying stock delivering triple-digit returns. The Leverage Shares 2X Long NBIS Daily ETF (NBIG) led the pack with a 101.62% gain, closely followed by three similar products. Conversely, the Tradr 2X Short NBIS Daily ETF (NBIZ) plummeted -74.70%, illustrating the high-risk nature of these geared instruments.
| Ticker | Fund Name | WTD Performance |
|---|---|---|
| Top Performers | ||
| NBIG | Leverage Shares 2X Long NBIS Daily ETF | 101.62% |
| NBIL | GraniteShares 2x Long NBIS Daily ETF | 101.32% |
| NEBX | Tradr 2X Long NBIS Daily ETF | 101.09% |
| NBIC | Corgi NBIS 2x Daily ETF | 99.36% |
| SNDG | Leverage Shares 2X Long SNDK Daily ETF | 79.04% |
| Bottom Performers | ||
| NBIZ | Tradr 2X Short NBIS Daily ETF | -74.70% |
| SNDQ | Tradr 2X Short SNDK Daily ETF | -50.23% |
| SMCZ | Defiance Daily Target 2X Short SMCI ETF | -47.88% |
| DJTU | T-REX 2X Long DJT Daily Target ETF | -36.19% |
| CORD | T-REX 2X Inverse CRWV Daily Target ETF | -35.92% |
Analyzing the Weekly Flows
The channel’s $826 million net outflow was driven almost entirely by one implementation type. Levered funds saw more than $1.0 billion in net withdrawals, suggesting a significant reduction in bullish exposure among traders. Bucking this trend, Inverse funds attracted $201 million in new assets, indicating that some investors were positioning for downside in specific names. Options Overlay strategies saw minimal net inflows for the week.
Where the Money Went This Week
| Implementation | Fund Count | AUM | 5 Day | 30 Day | 90 Day | YTD | 1 Year |
|---|---|---|---|---|---|---|---|
| Inverse | 58 | $1.35B | $201M | $318M | $37M | $363M | $409M |
| Options Overlay | 106 | $7.40B | $4M | $331M | $979M | $745M | $4,436M |
| Autocallable | 8 | $15M | $0M | $3M | $9M | $10M | $10M |
| Currency Hedged | 10 | $28M | -$2M | -$5M | $3M | $7M | -$0M |
| Levered | 427 | $34.57B | -$1,029M | -$2,071M | $6,146M | $11,106M | $17,810M |
Top & Bottom 5 ETFs by 5-Day Flow
Despite broad outflows, bullish conviction in certain names remained, as the GraniteShares 2x Long NVDA Daily ETF (NVDL) attracted a segment-leading $214 million. On the other side of the ledger, redemptions were concentrated in funds like the Leverage Shares 2X Long SPCX Daily ETF (SPCH), which shed $156 million. The Tradr 2X Long SNDK Daily ETF (SNXX) also saw heavy outflows of $118 million.
| Ticker | Fund Name | 5-Day Flow |
|---|---|---|
| Inflows | ||
| NVDL | GraniteShares 2x Long NVDA Daily ETF | $214M |
| CONL | GraniteShares 2x Long COIN Daily ETF | $64M |
| SNDQ | Tradr 2X Short SNDK Daily ETF | $53M |
| COHX | Tradr 2X Long COHR Daily ETF | $40M |
| SKDD | GraniteShares 2x Short SK Hynix Daily ETF | $39M |
| Outflows | ||
| SPCH | Leverage Shares 2X Long SPCX Daily ETF | -$156M |
| SNXX | Tradr 2X Long SNDK Daily ETF | -$118M |
| PLTU | Direxion Daily PLTR Bull 2X ETF | -$101M |
| MUU | Direxion Daily MU Bull 2X ETF | -$99M |
| NBIL | GraniteShares 2x Long NBIS Daily ETF | -$77M |
Note: the following fund(s) were excluded from the flow totals above because the weekly flow exceeds 75% of the fund’s AUM and may be the result of a custom rebalance: NBIZ ($49M).
Issuer League Table Update
Direxion and GraniteShares continue to lead the issuer landscape, commanding market shares of 31.06% and 21.92%, respectively. However, their flow stories diverged this week, as GraniteShares led all issuers with $66 million in net inflows. In contrast, market leader Direxion experienced the largest net outflows, with investors pulling $380 million from its funds.
Top 5 Issuers by AUM
| Brand | Fund Count | AUM | AUM Market Share |
|---|---|---|---|
| Direxion | 60 | $13.49B | 31.06% |
| GraniteShares | 73 | $9.52B | 21.92% |
| YieldMax | 41 | $5.93B | 13.67% |
| Tradr | 74 | $5.57B | 12.82% |
| Defiance | 65 | $2.65B | 6.10% |
Top & Bottom 3 Issuers by 5-Day Flow
| Brand | 5-Day Flow |
|---|---|
| Inflows | |
| GraniteShares | $66M |
| Corgi | $12M |
| YieldMax | $3M |
| Outflows | |
| Direxion | -$380M |
| Leverage Shares | -$192M |
| Defiance | -$133M |
For a deeper dive into these trends, access our FREE, in-depth Single Stock ETF reports in the right side panel of this page.
Disclosures
This material is for informational purposes only and should not be considered investment advice. All investments, including ETFs, involve risk, including the possible loss of principal. Investors should consider their investment objectives, risks, charges, and expenses carefully before investing.
This analysis was developed by the team at ETF Action. We leverage advanced AI tools to assist in the drafting and refinement of our content, based on our expert prompts, direction, and final review.
