Macro Summary
Overall ETF market volume closed at $320.6B, trading at 116% of its 30-day average. The day’s activity was characterized by a significant spike in defensive and hedged strategies. This was most evident in the Equity asset class, where the “Specialty – Hedged” category traded at an exceptional 224% of its average volume. This surge was driven by massive turnover in specific funds (such as HEGD at 2166% vs. avg), alongside notable high activity in other risk-specific categories like “Equity: Sector – Real Estate” (173% vs. avg), which fell 2.09% on the day, and “Multi-Asset: Target Risk – Moderate” (241% vs. avg), which declined 0.25%.
Asset Class Summary
| Asset Class | Volume | 30D Avg. | % of 30D Avg. |
|---|---|---|---|
| Equity | $219.5B | $184.4B | 119% |
| Fixed Income | $31.6B | $29.0B | 109% |
| Commodities | $11.7B | $13.6B | 85% |
| Crypto | $9.8B | $8.1B | 122% |
| Currencies | $107.0M | $74.9M | 143% |
| Alternatives | $1.3B | $1.4B | 94% |
| Non-Traditional | $46.4B | $38.7B | 120% |
| Multi-Asset | $226.3M | $168.2M | 134% |
Equity
The Equity asset class saw total volume of $219.5B, trading at 119% of its 30-day average. Activity was concentrated in key high-volume categories, including “U.S. Large Cap – Blend” (finishing the day down 0.43%) and “U.S. Large Cap – Growth” (which rose 0.16%). This activity was supported by significant turnover in specific tickers, such as HEGD (closing -0.02%) and IMCB (closing -0.64%), which were among the day’s most active outliers.
High-Volume Categories (>$100M Traded)
| Category | Activity vs ADV | $ Volume | 1-Day Return |
|---|---|---|---|
| Sector – Real Estate | 173% | $2.6B | -2.09% |
| Sector – Financials | 139% | $5.5B | -1.46% |
| Sector – Materials | 170% | $921.2M | -1.33% |
| Sector – Industrial | 156% | $2.9B | -0.07% |
| Sector – Consumer Staples | 157% | $1.6B | -2.32% |
High-Activity Ticker Outliers
| Ticker | Name | Activity vs ADV | $ Volume | 1D Return |
|---|---|---|---|---|
| HEGD | Swan Hedged Equity US Large Cap ETF | 2166% | $56.6M | -0.02% |
| IMCB | iShares Morningstar Mid-Cap ETF | 1242% | $57.2M | -0.64% |
| MFSI | MFS Active International ETF | 746% | $33.2M | -0.50% |
| BKDV | BNY Mellon Dynamic Value ETF | 688% | $27.6M | -0.34% |
| IFRA | iShares U.S. Infrastructure ETF | 666% | $65.4M | -0.67% |
| QLTY | GMO U.S. Quality ETF | 595% | $39.3M | -0.25% |
| DSTL | Distillate US Fundamental Stability & Value ETF | 505% | $21.4M | -2.02% |
| JIRE | JPMorgan International Research Enhanced Equity ETF | 471% | $138.3M | -0.67% |
| XSOE | WisdomTree Emerging Markets ex-State-Owned Enterprises Fund | 464% | $40.2M | +0.68% |
| TOPT | iShares Top 20 U.S. Stocks ETF | 427% | $57.1M | +0.13% |
Fixed Income
The Fixed Income asset class saw total volume of $31.6B, trading at 109% of its 30-day average. Activity was concentrated in key high-volume categories, including “Taxable – Government Long” (down 1.07%) and “Taxable – Government Ultrashort” (finishing flat on the day). This activity was supported by significant turnover in specific tickers, such as SEIX (0.00% return) and FEMB (-0.27% return), which were among the day’s most active outliers.
High-Volume Categories (>$100M Traded)
| Category | Activity vs ADV | $ Volume | 1-Day Return |
|---|---|---|---|
| Taxable – Government Long | 126% | $5.2B | -1.07% |
| Taxable – Emerging | 154% | $137.3M | -0.32% |
High-Activity Ticker Outliers
| Ticker | Name | Activity vs ADV | $ Volume | 1D Return |
|---|---|---|---|---|
| SEIX | Virtus Seix Senior Loan ETF | 786% | $22.2M | 0.00% |
| FEMB | First Trust Emerging Markets Local Currency Bond ETF | 446% | $12.5M | -0.27% |
| MTBA | Simplify MBS ETF | 430% | $42.5M | -0.27% |
| FSEC | Fidelity Investment Grade Securitized ETF | 330% | $27.5M | -0.82% |
| PULS | PGIM Ultra Short Bond ETF | 321% | $328.0M | -0.01% |
| VTEC | Vanguard California Tax-Exempt Bond ETF | 293% | $30.9M | +0.01% |
| GBIL | ACCESS TREASURY 0-1 YEAR ETF | 240% | $141.2M | -0.01% |
| XONE | BondBloxx Bloomberg One Year Target Duration US Treasury ETF | 238% | $9.5M | -0.05% |
| JSI | Janus Henderson Securitized Income ETF | 231% | $18.0M | -0.33% |
| TDTF | FlexShares iBoxx 5 Year Target Duration TIPS Index Fund | 231% | $7.6M | -0.53% |
Commodities
The Commodities asset class saw total volume of $11.7B, trading at 85% of its 30-day average. No categories reported exceptionally high volume today. This activity was supported by significant turnover in specific tickers, such as COMT (which gained 0.71%) and BAR (which fell 0.36%), which were among the day’s most active outliers.
High-Volume Categories (>$100M Traded)
| No categories met the high-volume criteria. |
High-Activity Ticker Outliers
| Ticker | Name | Activity vs ADV | $ Volume | 1D Return |
|---|---|---|---|---|
| COMT | iShares U.S. ETF Trust iShares GSCI Commodity Dynamic Roll Strategy ETF | 726% | $21.9M | +0.71% |
| BAR | GraniteShares Gold Shares | 184% | $77.4M | -0.36% |
| AAAU | Goldman Sachs Physical Gold ETF | 151% | $214.4M | -0.43% |
Crypto
The Crypto asset class saw total volume of $9.8B, trading at 122% of its 30-day average. Activity was concentrated in key high-volume categories, including “Cryptocurrency – Bitcoin” (down 2.58%) and “Cryptocurrency – Ethereum” (down 3.46%). This activity was supported by significant turnover in specific tickers, such as BITB (closing -2.73%) and GBTC (closing -2.78%), which were among the day’s most active outliers.
High-Volume Categories (>$100M Traded)
| Category | Activity vs ADV | $ Volume | 1-Day Return |
|---|---|---|---|
| Cryptocurrency – Bitcoin | 131% | $7.4B | -2.58% |
High-Activity Ticker Outliers
| Ticker | Name | Activity vs ADV | $ Volume | 1D Return |
|---|---|---|---|---|
| BITB | Bitwise Bitcoin ETF Trust | 222% | $282.3M | -2.73% |
| GBTC | Grayscale Bitcoin Trust ETF | 185% | $737.9M | -2.78% |
| ARKB | ARK 21Shares Bitcoin ETF | 182% | $232.0M | -2.74% |
Currencies
The Currencies asset class saw total volume of $107.0M, trading at 143% of its 30-day average. No categories reported exceptionally high volume today. There were no significant high-activity ticker outliers for this asset class.
High-Volume Categories (>$100M Traded)
| No categories met the high-volume criteria. |
High-Activity Ticker Outliers
| No high-activity ticker outliers for this asset class. |
Alternatives
The Alternatives asset class saw total volume of $1.3B, trading at 94% of its 30-day average. Activity was concentrated in key high-volume categories, including “Volatility – Long” (which rose 1.50%) and “Volatility – Short” (which fell 1.55%). There were no significant high-activity ticker outliers for this asset class.
High-Volume Categories (>$100M Traded)
| No categories met the high-volume criteria. |
High-Activity Ticker Outliers
| No high-activity ticker outliers for this asset class. |
Non-Traditional
The Non-Traditional asset class saw total volume of $46.4B, trading at 120% of its 30-day average. Activity was concentrated in key high-volume categories, including “Leverage | Inverse – Equity” (down 0.06%) and “Synthetic Income – Equity” (down 0.38%). This activity was supported by significant turnover in specific tickers, such as BUFQ (closing -0.11%) and GGLL (closing +14.54%), which were among the day’s most active outliers.
High-Volume Categories (>$100M Traded)
| Category | Activity vs ADV | $ Volume | 1-Day Return |
|---|---|---|---|
| Leverage | Inverse – Equity | 128% | $25.5B | -0.06% |
| Synthetic Income – Equity | 139% | $2.6B | -0.38% |
High-Activity Ticker Outliers
| Ticker | Name | Activity vs ADV | $ Volume | 1D Return |
|---|---|---|---|---|
| BUFQ | FT Vest Laddered Nasdaq Buffer ETF | 617% | $28.1M | -0.11% |
| GGLL | Direxion Daily GOOGL Bull 2X Shares | 365% | $324.9M | +14.54% |
| FJUL | FT Vest U.S. Equity Buffer ETF – July | 287% | $12.1M | -0.08% |
| METU | Direxion Daily META Bull 2X Shares | 274% | $196.5M | -12.39% |
| NVDU | Direxion Daily NVDA Bull 2X Shares | 271% | $210.2M | +6.57% |
| JEPQ | JPMorgan NASDAQ Equity Premium Income ETF | 247% | $767.3M | +0.12% |
| ROM | ProShares Ultra Technology | 237% | $9.3M | +0.33% |
| BUFD | FT Vest Laddered Deep Buffer ETF | 217% | $11.7M | -0.14% |
| USD | ProShares Ultra Semiconductors | 215% | $102.9M | +5.56% |
| NVDY | YieldMax NVDA Option Income Strategy ETF | 205% | $253.1M | +2.44% |
Multi-Asset
The Multi-Asset asset class saw total volume of $226.3M, trading at 134% of its 30-day average. No categories reported exceptionally high volume today. This activity was supported by significant turnover in specific tickers, such as AOM (finishing -0.39%) and AOK (finishing -0.38%), which were among the day’s most active outliers.
High-Volume Categories (>$100M Traded)
| No categories met the high-volume criteria. |
High-Activity Ticker Outliers
| Ticker | Name | Activity vs ADV | $ Volume | 1D Return |
|---|---|---|---|---|
| AOM | iShares Core 40/60 Moderate Allocation ETF | 384% | $18.8M | -0.39% |
| AOK | iShares Core 30/70 Conservative Allocation ETF | 172% | $6.9M | -0.38% |
| ALLW | SPDR Bridgewater All Weather ETF | 153% | $21.8M | -0.81% |
