Total market volume was $282.9B, trading at 93% of the 30-day average. The primary theme of the day was concentrated activity in core and high-yield fixed income. The Fixed Income asset class, as a whole, traded at 109% of its average volume, driven heavily by the Fixed Income: Taxable – Core category which saw activity 138% of its average, and finished with a positive return of +0.03%. This was supported by notable trading in the Fixed Income: Taxable – High Yield category, which finished the day up +0.29%.
Asset Class Summary
Asset Class
Volume
30D Avg.
% of 30D Avg.
Equity
$193.1B
$205.1B
94%
Fixed Income
$34.5B
$31.6B
109%
Commodity
$7.8B
$12.0B
65%
Digital Asset
$6.0B
$8.6B
70%
Currency
$81.6M
$75.0M
109%
Alternative
$1.3B
$1.7B
73%
Non-Traditional
$40.0B
$44.6B
90%
Multi-Asset
$134.4M
$184.1M
73%
Equity
The Equity asset class recorded $193.1B in total volume, representing 94% of its 30-day average. The relative activity was concentrated in the Equity: Region – Asia-Pacific Ex-Japan category (up +0.45%), which traded at 144% of its average volume. Elevated volume was also seen in Equity: Specialty – Long | Short (closing up +0.34%) and Equity: Specialty – Hedged (up +0.67%). High-activity outliers like the CAOS ETF (closing -0.06%) drove the activity in specialty equity, while international focus was evident with high volume in FDT (up +0.71%) in the Global Ex-U.S. Large Cap – Blend category.
Fixed Income activity exceeded its average, posting $34.5B in total volume at 109% of its 30-day average. Leading the volume surge were the Fixed Income: Taxable – Core category, trading at 138% of average and returning +0.03%, and the Fixed Income: Taxable – High Yield category, with 119% of average volume and a +0.29% return. Activity was also strong in Fixed Income: Taxable – Emerging USD (up +0.10%). Significant individual activity was seen in core bond products such as AGG (up +0.18%) and high-yield focused ETFs like SJNK (closing up +0.22%).
Commodity volume was $7.8B, well below average at 65% of the 30-day average. The only category with high relative volume was Commodity: Specialty – Shipping Freight, trading at 161% of its average and returning +1.44%. The broader Commodity: Focused – Precious Metals category dominated in total volume but was significantly below its average activity at 63%. There were no high-activity ticker outliers that met the specified criteria.
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.
Digital Asset
The Digital Asset class volume was $6.0B, at 70% of its 30-day average. The relative activity was concentrated in the Digital Asset: Cryptocurrency – Bitcoin category, which traded at 77% of its average and fell -1.85%. The only high-activity outlier, HODL (down -2.30%), recorded activity 203% of its average, suggesting concentrated interest within the Bitcoin sub-segment despite the overall lower asset class volume.
Currency recorded $81.6M in total volume, trading at 109% of its 30-day average. The single category, Currency, traded at 109% of its average volume and returned +0.06%. This activity was largely driven by the high-activity outlier FXE, the Invesco CurrencyShares Euro Trust, which saw activity 214% of its average and finished the day up +0.33%.
The Alternative asset class finished with $1.3B in volume, approximately 73% of its 30-day average. The relative activity was concentrated in the Alternative: Volatility – Short category, which traded at 70% of its average volume and was up +0.47%. No categories met the high-volume filter criteria. There were no high-activity ticker outliers that met the specified criteria for this asset class.
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 activity was below average at 90% of the 30-day average, with $40.0B in total volume. Within the Leverage | Inverse composite, the Non-Traditional: Leverage | Inverse – Fixed Income category showed the most relative strength at 105% of its average volume, despite returning -0.09%. No categories met the high-volume criteria. High-activity tickers such as GGLL (up +2.49%) and DDM (up +3.08%) show highly concentrated activity within the Leverage | Inverse – Single Stock and Leverage | Inverse – Equity categories, respectively.
Multi-Asset volume totaled $134.4M, at 73% of its 30-day average. The only category exceeding its average activity was Asset Allocation: Target Risk – Target Date, which traded at 196% of its average volume and returned +0.81%. The highest volume category was Asset Allocation: Target Risk – Growth with $42.5M in trading, but only 81% of its average volume. No categories met the high-volume filter criteria. There were no high-activity ticker outliers that met the specified criteria for this asset class.
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.
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