Weekly Channel Summary
The Single Stock channel closed the week with $30.82B in AUM spread across 597 ETFs from 16 issuers. Net inflows totaled $692M for the five-day period, extending a robust $13,020M year-to-date gain and a $16,769M one-year total, underscoring sustained demand for single-name leveraged and income products. The weekly intake was concentrated in a handful of large funds tied to mega-cap technology names, with the bulk of flows attached to one dominant underlying stock. Issuer-level data shows flows remain highly concentrated among a small number of providers despite the broad roster of names tracked.
This Week’s Performance Leaders and Laggards
Non-Traditional: Leverage | Inverse – Single Stock funds led category performance this week, advancing 6.05% even as the group remains deeply negative over three and six months (-26.41% and -40.99%, respectively) and up a modest 12.23% year-to-date. Currency Hedged – Single Stock products followed closely with a 5.70% weekly gain and the strongest YTD showing in the channel at 39.39%. Synthetic Income – Single Stock funds lagged, slipping 0.89% for the week despite a solid 20.28% YTD return. At the underlying stock level, AMD’s 18.93% weekly surge (now up 149.37% YTD) powered the single fund tracking it, while Tesla’s 8.93% advance and Meta’s 5.17% gain lifted related products; conversely, Alibaba’s 13.77% drop and Nvidia’s 12.75% decline weighed heavily on funds tied to those names.
Top & Bottom Underlying Stock Performance (WTD)
| Ticker | Underlying Stock | Week-To-Date Return | Year-To-Date Return | Number of Funds Following Stock |
|---|---|---|---|---|
| Top Performers | ||||
| AMD | Advanced Micro Devices Inc | 18.93% | 149.37% | 1 |
| TSLA | Tesla Inc | 8.93% | -13.23% | 10 |
| META | Meta Platforms Inc | 5.17% | -2.79% | 2 |
| AAPL | Apple Inc | 4.06% | 31.05% | 4 |
| JPM | Jpmorgan Chase & Co | 3.50% | 7.44% | 1 |
| Bottom Performers | ||||
| BABA | Alibaba Group Hldg Ltd Sponsored Ads | -13.77% | -35.61% | 1 |
| NVDA | Nvidia Corporation | -12.75% | -12.68% | 8 |
| MRNA | Moderna Inc | -12.12% | 657.44% | 1 |
| COIN | Coinbase Global Inc Shs | -5.28% | -43.55% | 2 |
| NFLX | Netflix Inc. | -1.99% | -33.71% | 1 |
Top & Bottom 5 ETFs by Weekly Performance
Fund-level dispersion was extreme, consistent with the leveraged nature of this channel. The Defiance Daily Target 2X Long LUNR ETF (LUNL) topped the list with a 50.00% weekly gain, followed closely by the Tradr 2X Long CORZ Daily ETF (COZX) at 49.54% and the T-REX 2X Long TTD Daily Target ETF (TTDU) at 43.48%. On the downside, the Tradr 2X Long LWLG Daily ETF (LWLX) fell 49.67%, while two HIMS-linked leveraged products, the Defiance Daily Target 2X Long HIMS ETF (HIMZ) and the Corgi HIMS 2x Daily ETF (HIMC), each dropped more than 46%. These swings highlight how daily-reset leverage amplified moves in underlying names such as HIMS and LWLG this week.
| Ticker | Fund Name | WTD Performance |
|---|---|---|
| Top Performers | ||
| LUNL | Defiance Daily Target 2X Long LUNR ETF | 50.00% |
| COZX | Tradr 2X Long CORZ Daily ETF | 49.54% |
| TTDU | T-REX 2X Long TTD Daily Target ETF | 43.48% |
| CBRG | Leverage Shares 2X Long CBRS Daily ETF | 43.05% |
| CBRX | Tradr 2X Long CBRS Daily ETF | 42.46% |
| Bottom Performers | ||
| LWLX | Tradr 2X Long LWLG Daily ETF | -49.67% |
| HIMZ | Defiance Daily Target 2X Long HIMS ETF | -46.66% |
| HIMC | Corgi HIMS 2x Daily ETF | -46.07% |
| VELL | Defiance Daily Target 2X Long VELO ETF | -45.76% |
| PLUL | Leverage Shares 2X Long PLUG Daily ETF | -45.06% |
Analyzing the Weekly Flows
The channel attracted $692M in net new assets over the week, driven almost entirely by Levered implementation funds, which pulled in $684M and account for the bulk of the channel’s $22.98B in levered AUM. Options Overlay products added a modest $15M, while Currency Hedged and Autocallable segments were roughly flat. Inverse funds were the lone source of outflows, shedding $7M for the week and extending steeper 30-day and 90-day redemptions of $497M and $493M, respectively. This pattern reflects continued investor preference for leveraged long exposure over inverse positioning in single-stock products.
Where the Money Went This Week
| Implementation | Fund Count | AUM | 5 Day | 30 Day | 90 Day | YTD | 1 Year |
|---|---|---|---|---|---|---|---|
| Levered | 404 | $22.98B | $684M | $1,517M | $109M | $11,720M | $14,327M |
| Options Overlay | 113 | $6.79B | $15M | $97M | $593M | $1,342M | $2,572M |
| Currency Hedged | 10 | $24M | $0M | -$5M | -$2M | $5M | -$1M |
| Autocallable | 8 | $34M | $0M | $3M | $22M | $32M | $32M |
| Inverse | 62 | $992M | -$7M | -$497M | -$493M | -$80M | -$161M |
Top & Bottom 5 ETFs by 5-Day Flow
Flows were dominated by Nvidia-linked products, with the GraniteShares 2x Long NVDA Daily ETF (NVDL) alone gathering $758M, by far the largest inflow in the channel, followed by the Direxion Daily NVDA Bull 2X ETF (NVDU) at $179M. On the outflow side, the Direxion Daily TSLA Bull 2X ETF (TSLL) lost $47M and the Direxion Daily MU Bull 2X ETF (MUU) shed $42M, the two largest redemptions for the week. The contrast between heavy NVDA-linked accumulation and TSLA/MU-linked withdrawals suggests traders rotated single-stock leveraged exposure toward Nvidia even as the underlying stock itself fell 12.75% for the week.
| Ticker | Fund Name | 5-Day Flow |
|---|---|---|
| Inflows | ||
| NVDL | GraniteShares 2x Long NVDA Daily ETF | $758M |
| NVDU | Direxion Daily NVDA Bull 2X ETF | $179M |
| NVDX | T-Rex 2X Long NVIDIA Daily Target ETF | $79M |
| NBIL | GraniteShares 2x Long NBIS Daily ETF | $55M |
| SNDQ | Tradr 2X Short SNDK Daily ETF | $38M |
| Outflows | ||
| TSLL | Direxion Daily TSLA Bull 2X ETF | -$47M |
| MUU | Direxion Daily MU Bull 2X ETF | -$42M |
| GGLL | Direxion Daily GOOGL Bull 2X ETF | -$34M |
| MSTU | T-Rex 2X Long MSTR Daily Target ETF | -$34M |
| SPCH | Leverage Shares 2X Long SPCX Daily ETF | -$30M |
Issuer League Table Update
Direxion remains the largest issuer by AUM with $9.98B and a 32.38% share, followed by GraniteShares at $6.57B and 21.31% share. GraniteShares was the clear leader in weekly inflows, pulling in $798M, far outpacing Roundhill and FT Vest, which each added $14M. Direxion saw the largest weekly outflow among issuers at $56M, with Defiance also notably negative at $31M. The divergence between Direxion’s scale-leading AUM and its outflow position this week highlights active rotation within the channel’s largest leveraged-ETF lineup.
Top 5 Issuers by AUM
| Brand | Fund Count | AUM | AUM Market Share |
|---|---|---|---|
| Direxion | 60 | $9.98B | 32.38% |
| GraniteShares | 73 | $6.57B | 21.31% |
| YieldMax | 43 | $5.40B | 17.52% |
| Tradr | 73 | $2.55B | 8.29% |
| Leverage Shares | 97 | $1.68B | 5.46% |
Top & Bottom 3 Issuers by 5-Day Flow
| Brand | 5-Day Flow |
|---|---|
| Inflows | |
| GraniteShares | $798M |
| Roundhill | $14M |
| FT Vest | $14M |
| Outflows | |
| Direxion | -$56M |
| Defiance | -$31M |
| Leverage Shares | -$15M |
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.
