Latin America Equities Surge; Fixed Income Volume Muted by Veterans Day

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Macro Summary

Overall ETF market volume was subdued, totaling $213.2B, which is just 75% of the 30-day average. The day’s most significant activity was a pronounced surge in the Equity: Region – Latin America category, which saw trading volume spike to 253% of its recent average, as the category finished the day up +2.08%. This regional buying stood in contrast to an otherwise quiet session across most major asset classes.

Asset Class Summary

Asset Class Volume 30D Avg. % of 30D Avg.
Non-Traditional $33.1B $41.7B 79%
Equity $152.3B $187.0B 81%
Fixed Income $16.2B $31.1B 52%
Alternative $559.8M $1.5B 37%
Digital Asset $4.1B $8.7B 48%
Currency $69.3M $77.6M 89%
Multi-Asset $141.7M $179.9M 79%
Commodity $6.8B $13.3B 51%

Equity

Equity ETFs saw $152.3B in volume, trading at 81% of their 30-day average. Activity was concentrated in the Equity: Region – Latin America category (finishing +2.08%) and the Equity: Region – Africa-Middle East category (finishing -2.34%). This was evidenced by heavy turnover in ECH (closing +0.58%) and FLTW (closing -0.67%).

High-Volume Categories (>$100M Traded)

Category Activity vs ADV $ Volume 1-Day Return
Equity: Sector – Health Care 123% $4.3B +2.51%
Equity: Sector – Energy 136% $2.7B +1.43%
Equity: Sector – Consumer Staples 141% $1.6B +1.16%
Equity: Region – Latin America 253% $140.2M +2.08%

High-Activity Ticker Outliers

Ticker Name Activity vs ADV $ Volume 1D Return
ECH iShares MSCI Chile ETF 538% $111.5M +0.58%
FLTW Franklin FTSE Taiwan ETF 363% $24.0M -0.67%
RWL Invesco S&P 500 Revenue ETF 351% $60.9M +0.77%
IYZ iShares U.S. Telecommunications ETF 336% $111.5M +0.51%
ILF iShares Latin America 40 ETF 254% $139.2M +2.03%
PTNQ Pacer Trendpilot 100 ETF 249% $7.1M -0.30%
REZ iShares Residential and Multisector Real Estate ETF 244% $9.3M +1.15%
FDN First Trust Dow Jones Internet Index Fund 229% $345.9M +0.10%
SPGM SPDR Portfolio MSCI Global Stock Market ETF 226% $10.3M +0.29%
SPEM SPDR Portfolio Emerging Markets ETF 225% $214.5M +0.09%

Fixed Income

Fixed Income ETFs saw $16.2B in volume, trading at 52% of their 30-day average. Activity was concentrated in the Fixed Income: Specialty – Defined Maturity category (finishing +0.18%). This was evidenced by heavy turnover in GOVI (closing +0.38%) and BSCP (closing +0.02%).

High-Volume Categories (>$100M Traded)

Category Activity vs ADV $ Volume 1-Day Return
Fixed Income: Specialty – Defined Maturity 149% $484.3M +0.18%

High-Activity Ticker Outliers

Ticker Name Activity vs ADV $ Volume 1D Return
GOVI Invesco Equal Weight 0-30 Year Treasury ETF 699% $63.6M +0.38%
BSCP Invesco Bulletshares 2025 Corporate Bond ETF 691% $129.5M +0.02%
BSCW Invesco BulletShares 2032 Corporate Bond ETF 603% $28.0M +0.36%
BBHY JPMorgan BetaBuilders USD High Yield Corporate Bond ETF 589% $21.4M +0.12%
BSCU Invesco BulletShares 2030 Corporate Bond ETF 461% $39.5M +0.24%
GTO Invesco Total Return Bond ETF 370% $30.5M +0.28%
GBIL ACCESS TREASURY 0-1 YEAR ETF 312% $203.1M +0.02%
SMTH ALPS/SMITH Core Plus Bond ETF 211% $18.4M +0.32%
SEIX Virtus Seix Senior Loan ETF 191% $8.0M +0.02%
TUSI Touchstone Ultra Short Income ETF 175% $5.1M +0.06%

Commodities

Commodity ETFs saw $6.8B in volume, trading at 51% of their 30-day average. Activity was subdued across the asset class, with no high-volume categories to report. Turnover was highest in BCI (closing +0.86%) and SDCI (closing +0.99%).

High-Volume Categories (>$100M Traded)

Category Activity vs ADV $ Volume 1-Day Return
No categories met the high-volume criteria.

High-Activity Ticker Outliers

Ticker Name Activity vs ADV $ Volume 1D Return
BCI abrdn Bloomberg All Commodity Strategy K-1 Free ETF 185% $39.2M +0.86%
SDCI USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund 167% $4.8M +0.99%

Digital Asset

Digital Asset ETFs saw $4.1B in volume, trading at 48% of their 30-day average. Activity was led by the Digital Asset: Cryptocurrency – Multicoin category (finishing -2.75%). Otherwise, activity was subdued with no high-activity tickers to report.

High-Volume Categories (>$100M Traded)

Category Activity vs ADV $ Volume 1-Day Return
No categories met the high-volume criteria.

High-Activity Ticker Outliers

Ticker Name Activity vs ADV $ Volume 1D Return
No high-activity ticker outliers for this asset class.

Currencies

Currency ETFs saw $69.3M in volume, trading at 89% of their 30-day average. Activity was subdued across the asset class, with no high-volume categories or high-activity tickers to report.

High-Volume Categories (>$100M Traded)

Category Activity vs ADV $ Volume 1-Day Return
No categories met the high-volume criteria.

High-Activity Ticker Outliers

Ticker Name Activity vs ADV $ Volume 1D Return
No high-activity ticker outliers for this asset class.

Alternatives

Alternative ETFs saw $559.8M in volume, trading at 37% of their 30-day average. Activity was subdued across the asset class, with no high-volume categories or high-activity tickers to report.

High-Volume Categories (>$100M Traded)

Category Activity vs ADV $ Volume 1-Day Return
No categories met the high-volume criteria.

High-Activity Ticker Outliers

Ticker Name Activity vs ADV $ Volume 1D Return
No high-activity ticker outliers for this asset class.

Non-Traditional

Non-Traditional ETFs saw $33.1B in volume, trading at 79% of their 30-day average. Activity was subdued across the asset class, with no high-volume categories to report. Turnover was highest in USOI (closing +1.48%) and MUU (closing -7.74%).

High-Volume Categories (>$100M Traded)

Category Activity vs ADV $ Volume 1-Day Return
No categories met the high-volume criteria.

High-Activity Ticker Outliers

Ticker Name Activity vs ADV $ Volume 1D Return
USOI UBS AG ETRACS Crude Oil Shares Covered Call ETNs due April 24; 2037 217% $6.4M +1.48%
MUU Direxion Daily MU Bull 2X Shares 201% $148.4M -7.74%
UPRO ProShares UltraPro S&P500 193% $1.1B +0.94%
DDM ProShares Ultra Dow30 161% $48.0M +2.41%
SPXL Direxion Daily S&P 500 Bull 3x Shares 156% $1.1B +0.91%
BUFZ FT Vest Laddered Moderate Buffer ETF 151% $5.3M +0.04%

Multi-Asset

Multi-Asset ETFs saw $141.7M in volume, trading at 79% of their 30-day average. Activity was led by the Asset Allocation: Target Risk – Target Date category (finishing +0.32%). Otherwise, activity was subdued with no high-activity tickers to report.

High-Volume Categories (>$100M Traded)

Category Activity vs ADV $ Volume 1-Day Return
No categories met the high-volume criteria.

High-Activity Ticker Outliers

Ticker Name Activity vs ADV $ Volume 1D Return
No high-activity ticker outliers for this asset class.

Disclaimer: This AI-assisted commentary is for informational purposes only. The “High-Volume Categories” table includes categories with over $100M in volume and activity at least 125% of their 30-day average, limited to the top 5 by volume. The “High-Activity Ticker Outliers” table shows the top 10 ETFs from each asset class, sorted by the highest trading activity versus their 30-day average. All reported ETFs have AUM over $250M and an ADV greater than $2.5M.

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.