Macro Summary
Total market volume for the session reached $229.81B, trading at 87% of its 30-day average. The broader tape demonstrated a muted and balanced tone, with most major asset classes operating below their typical baseline activity. A notable exception emerged in Non-Traditional assets, which saw elevated volume driven primarily by leveraged single-stock positioning.
| Asset Class | Volume | 30D Avg. | % of 30D Avg. |
|---|---|---|---|
| Equity | $147.47B | $173.32B | 85% |
| Fixed Income | $22.41B | $31.02B | 72% |
| Commodities | $6.20B | $10.97B | 56% |
| Digital Asset | $3.05B | $4.25B | 72% |
| Currencies | $57.2M | $145.4M | 39% |
| Alternatives | $848.3M | $1.25B | 68% |
| Non-Traditional | $49.56B | $43.53B | 114% |
| Multi-Asset | $197.6M | $233.9M | 84% |
Equity
Equity volume remained subdued at $147.47B (85% of average). While overall trading was light, outsized activity materialized in targeted thematic areas including Health Innovation and Industrial Revolution. Regionally, Asia-Pacific Ex-Japan strategies also attracted distinct flows.
High-Volume Categories
| Category | Activity vs ADV | $ Volume | 1-Day Return |
|---|---|---|---|
| Equity: Thematic – Health Innovation | 266% | $194.9M | -0.22% |
| Equity: Region – Asia-Pacific Ex-Japan | 146% | $231.6M | +1.80% |
| Equity: Thematic – Industrial Revolution | 130% | $419.5M | +2.45% |
| Equity: Global Ex-U.S. Large Cap – Value | 127% | $884.3M | +0.84% |
High-Activity Ticker Outliers
| Ticker | Name | Activity vs ADV | $ Volume | 1D Return |
|---|---|---|---|---|
| MISL | First Trust Indxx Aerospace & Defense ETF | 866% | $108.6M | +1.97% |
| MOO | VanEck Agribusiness ETF | 639% | $212.2M | +0.09% |
| OPPJ | WisdomTree Japan Opportunities Fund | 591% | $21.8M | +0.41% |
| IGPT | Invesco AI and Next Gen Software ETF | 451% | $26.2M | +6.34% |
| IVLU | iShares MSCI Intl Value Factor ETF | 449% | $189.0M | +1.07% |
| FTXR | First Trust Nasdaq Transportation ETF | 439% | $16.0M | +0.87% |
| PDP | Invesco Dorsey Wright Momentum ETF | 391% | $16.8M | +0.17% |
| RONB | Baron First Principles ETF | 377% | $28.8M | -0.70% |
| IXN | iShares Global Tech ETF | 305% | $79.0M | +5.11% |
| VIOO | Vanguard S&P Small-Cap 600 ETF | 292% | $36.4M | +0.42% |
Fixed Income
Fixed income trading logged a quiet session with total volume of $22.41B, trailing the 30-day average by nearly 30%. Action was largely muted across major taxable and municipal composites.
High-Volume Categories
No items met the inclusion criteria for this session.
High-Activity Ticker Outliers
| Ticker | Name | Activity vs ADV | $ Volume | 1D Return |
|---|---|---|---|---|
| FISR | State Street Fixed Income Sector Rotation ETF | 1671% | $51.7M | +0.27% |
| IBDZ | iShares iBonds Dec 2034 Term Corporate ETF | 566% | $27.0M | +0.33% |
| BSCX | Invesco BulletShares 2033 Corporate Bond ETF | 543% | $20.2M | +0.33% |
| WIP | State Street SPDR FTSE International Government Inflation-Protected Bond ETF | 482% | $21.3M | +0.44% |
| LONZ | PIMCO Senior Loan Active Exchange-Traded Fund | 437% | $14.4M | +0.07% |
| SMTH | ALPS/SMITH Core Plus Bond ETF | 340% | $23.3M | +0.23% |
| BKUI | BNY Mellon Ultra Short Income ETF | 338% | $12.2M | +0.02% |
| HYBL | State Street Blackstone High Income ETF | 257% | $8.3M | +0.12% |
| BWX | State Street SPDR Bloomberg International Treasury Bond ETF | 243% | $24.9M | +0.38% |
| SPAB | State Street SPDR Portfolio Aggregate Bond ETF | 239% | $246.9M | +0.24% |
Commodities
Commodities logged minimal relative activity, trading just 56% of typical 30-day volume. Total volume came in at $6.20B.
High-Volume Categories
No items met the inclusion criteria for this session.
High-Activity Ticker Outliers
| Ticker | Name | Activity vs ADV | $ Volume | 1D Return |
|---|---|---|---|---|
| BCD | abrdn Bloomberg All Commodity Longer Dated Strategy K-1 Free ETF | 178% | $4.7M | -1.88% |
| BAR | GraniteShares Gold Shares | 169% | $21.7M | +0.43% |
Digital Asset
Digital Asset ETFs recorded $3.05B in volume (72% of ADV). Despite the broader lull, Altcoin strategies sparked localized activity and notable positive returns.
High-Volume Categories
| Category | Activity vs ADV | $ Volume | 1-Day Return |
|---|---|---|---|
| Digital Asset: Cryptocurrency – Altcoin | 162% | $104.5M | +3.66% |
High-Activity Ticker Outliers
| Ticker | Name | Activity vs ADV | $ Volume | 1D Return |
|---|---|---|---|---|
| BSOL | Bitwise Solana Staking ETF | 155% | $34.5M | +4.70% |
Currencies
Currency funds saw very light trading, generating $57.2M in aggregate volume, roughly 39% of their 30-day average.
High-Volume Categories
No items met the inclusion criteria for this session.
High-Activity Ticker Outliers
No items met the inclusion criteria for this session.
Alternatives
Alternative strategies were subdued with $848.3M in traded volume, running at just 68% of their recent average.
High-Volume Categories
No items met the inclusion criteria for this session.
High-Activity Ticker Outliers
No items met the inclusion criteria for this session.
Non-Traditional
Non-Traditional funds bucked the broader market trend, exceeding their 30-day average volume by 14% to total $49.56B. Action was heavily concentrated in Leveraged & Inverse single-stock strategies which witnessed outsized liquidity and volatile intraday swings.
High-Volume Categories
| Category | Activity vs ADV | $ Volume | 1-Day Return |
|---|---|---|---|
| Non-Traditional: Leverage | Inverse – Single Stock | 158% | $18.90B | +1.90% |
High-Activity Ticker Outliers
| Ticker | Name | Activity vs ADV | $ Volume | 1D Return |
|---|---|---|---|---|
| POCT | Innovator U.S. Equity Power Buffer ETF – October | 807% | $29.9M | +0.30% |
| INTW | GraniteShares 2x Long INTC Daily ETF | 467% | $562.3M | +27.75% |
| PMAY | Innovator U.S. Equity Power Buffer ETF – May | 427% | $37.2M | +0.38% |
| IRE | Defiance Daily Target 2X Long IREN ETF | 397% | $483.9M | +16.58% |
| AAOX | Tradr 2X Long AAOI Daily ETF | 324% | $356.9M | -10.64% |
| AMDL | GraniteShares 2x Long AMD Daily ETF | 317% | $1.13B | +23.46% |
| SNXX | Tradr 2X Long SNDK Daily ETF | 283% | $2.26B | +32.10% |
| MUU | Direxion Daily MU Bull 2X ETF | 258% | $1.49B | +30.25% |
| MULL | GraniteShares 2x Long MU Daily ETF | 249% | $205.8M | +30.82% |
| EFAA | Invesco MSCI EAFE Income Advantage ETF | 248% | $10.4M | +0.51% |
Multi-Asset
Multi-Asset ETFs recorded $197.6M in volume, operating at 84% of their typical baseline with minimal standout action across sub-categories.
High-Volume Categories
No items met the inclusion criteria for this session.
High-Activity Ticker Outliers
No items met the inclusion criteria for this session.
