Weekly Channel Summary
The Single Stock ETF channel ended the week with $41.52 billion in assets under management across 604 funds from 17 issuers. Despite strong performance in underlying tech names, traders pulled a net $564 million from the channel over the last five days. This recent withdrawal contrasts with significant year-to-date inflows of $12.99 billion and one-year inflows totaling $22.88 billion.
This Week’s Performance Leaders and Laggards
Leverage and Inverse funds delivered powerful returns, with the category surging 16.69% for the week on the back of strong moves in underlying technology stocks. This weekly gain significantly outpaced the Synthetic Income category, which still posted a solid 7.26% return. Despite the strong week, both categories remain in negative territory over the past three months, highlighting the volatile nature of these trading instruments.
Top & Bottom Underlying Stock Performance (WTD)
| Ticker | Underlying Stock | Week-To-Date Return | Year-To-Date Return | Number of Funds Following Stock |
|---|---|---|---|---|
| Top Performers | ||||
| NVDA | Nvidia Corporation | 11.56% | 20.09% | 8 |
| MRNA | Moderna Inc | 7.94% | 100.64% | 1 |
| MSFT | Microsoft Corp | 7.59% | 3.38% | 2 |
| META | Meta Platforms Inc | 6.36% | -10.30% | 2 |
| TSLA | Tesla Inc | 5.58% | -26.94% | 10 |
| Bottom Performers | ||||
| XYZ | Block Inc | -2.76% | 21.37% | 1 |
| XOM | Exxonmobil Holdings Corp Com Shs | -1.54% | 27.17% | 1 |
| GOOG | Alphabet Inc Cap Stk Cl C | -0.89% | 12.64% | 3 |
| AMZN | Amazon Com Inc | 1.07% | 18.92% | 3 |
| AAPL | Apple Inc | 1.43% | 15.25% | 4 |
Top & Bottom 5 ETFs by Weekly Performance
Several leveraged long funds posted triple-digit gains, led by the T-REX 2X Long RDW Daily Target ETF (RDWU), which skyrocketed 135.63%. A cluster of funds offering 2x daily exposure to AXTI also more than doubled in value. Conversely, inverse funds suffered steep losses, with the Defiance Daily Target 2x Short PLTR ETF (PLTZ) falling nearly 66% for the week.
| Ticker | Fund Name | WTD Performance |
|---|---|---|
| Top Performers | ||
| RDWU | T-REX 2X Long RDW Daily Target ETF | 135.63% |
| AXTU | T-REX 2X Long AXTI Daily Target ETF | 105.09% |
| AXTC | Corgi AXTI 2x Daily ETF | 104.00% |
| AXTL | Leverage Shares 2X Long AXTI Daily ETF | 103.89% |
| AXTX | Tradr 2X Long AXTI Daily ETF | 102.72% |
| Bottom Performers | ||
| PLTZ | Defiance Daily Target 2x Short PLTR ETF | -65.98% |
| AAOZ | Tradr 2X Short AAOI Daily ETF | -63.09% |
| CORD | T-REX 2X Inverse CRWV Daily Target ETF | -47.32% |
| TTDU | T-REX 2X Long TTD Daily Target ETF | -46.62% |
| SPCQ | Defiance Daily Target 2X Short SpaceX ETF | -46.52% |
Analyzing the Weekly Flows
The channel experienced a net outflow of $564 million, driven entirely by redemptions from Levered products, which shed $694 million. This suggests traders were actively taking profits from long positions following a strong performance week. In a counter-trend move, Inverse ETFs attracted $135 million in new assets, indicating some investors may be positioning for a potential reversal or hedging existing gains.
Where the Money Went This Week
| Implementation | Fund Count | AUM | 5 Day | 30 Day | 90 Day | YTD | 1 Year |
|---|---|---|---|---|---|---|---|
| Inverse | 58 | $1.48B | $135M | $30M | -$121M | $97M | $241M |
| Autocallable | 8 | $14M | $1M | $4M | $8M | $10M | $10M |
| Currency Hedged | 10 | $33M | -$1M | -$2M | $4M | $8M | $4M |
| Options Overlay | 106 | $7.39B | -$5M | $367M | $1,104M | $741M | $4,497M |
| Levered | 421 | $32.52B | -$694M | -$1,945M | $8,215M | $12,135M | $18,124M |
Top & Bottom 5 ETFs by 5-Day Flow
The Tradr 2X Long SNDK Daily ETF (SNXX) was the week’s most popular fund, attracting $219 million in new capital. However, the bigger story was the significant outflows from some of the largest leveraged ETFs tracking popular tech stocks. The Direxion Daily MSFT Bull 2X ETF (MSFU) saw the largest redemption at $207 million, while the GraniteShares 2x Long NVDA Daily ETF (NVDL) lost $173 million.
| Ticker | Fund Name | 5-Day Flow |
|---|---|---|
| Inflows | ||
| SNXX | Tradr 2X Long SNDK Daily ETF | $219M |
| AMDL | GraniteShares 2x Long AMD Daily ETF | $106M |
| SSPC | Leverage Shares 2X Short SPCX Daily ETF | $94M |
| SPCH | Leverage Shares 2X Long SPCX Daily ETF | $87M |
| METU | Direxion Daily META Bull 2X ETF | $55M |
| Outflows | ||
| MSFU | Direxion Daily MSFT Bull 2X ETF | -$207M |
| NVDL | GraniteShares 2x Long NVDA Daily ETF | -$173M |
| TSLL | Direxion Daily TSLA Bull 2X ETF | -$140M |
| MUU | Direxion Daily MU Bull 2X ETF | -$122M |
| PLTU | Direxion Daily PLTR Bull 2X ETF | -$94M |
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: SNK ($82M).
Issuer League Table Update
Direxion and GraniteShares continue to dominate the Single Stock landscape, commanding 31.3% and 21.5% of the market share, respectively. However, these two market leaders also experienced the week’s largest outflows, shedding a combined $854 million. In contrast, Tradr led all issuers with $218 million in net inflows, largely on the strength of a single fund.
Top 5 Issuers by AUM
| Brand | Fund Count | AUM | AUM Market Share |
|---|---|---|---|
| Direxion | 60 | $13.01B | 31.34% |
| GraniteShares | 73 | $8.91B | 21.47% |
| YieldMax | 41 | $5.94B | 14.30% |
| Tradr | 71 | $4.97B | 11.98% |
| Defiance | 65 | $2.73B | 6.56% |
Top & Bottom 3 Issuers by 5-Day Flow
| Brand | 5-Day Flow |
|---|---|
| Inflows | |
| Tradr | $218M |
| Leverage Shares | $138M |
| ProShares | $22M |
| Outflows | |
| Direxion | -$587M |
| GraniteShares | -$267M |
| T-Rex | -$70M |
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.
