Weekly Channel Summary
The Single Stock ETF channel continues its relentless expansion, with total Assets Under Management (AUM) now standing at a robust $34.3B across 413 ETFs managed by 18 issuers. This past week saw a net influx of $165M, pushing Year-To-Date (YTD) flows to $2.2B. The appetite for these non-traditional instruments remains insatiable, as evidenced by the staggering $23.3B piled into the channel over the past year. Levered strategies continue to be the primary engine of growth, effectively drowning out minor outflows in the synthetic income segment as traders seek high-octane exposure to market volatility.
This Week’s Performance Leaders and Laggards
Technology and Biotech were the dual engines of growth this week. Lumentum Holdings (LITE) skyrocketed 18.66% as AI-adjacent hardware demand continues to sizzle, while Moderna (MRNA) found a second wind, climbing 18.09%. On the flip side, the speculative “moonshot” space cratered; Upexi (UPXI) and Applied Digital (APLD) led the exodus, dropping nearly 20% and 18% respectively as the market pivoted away from high-beta names with shaky fundamentals.
Top & Bottom Underlying Stock Performance (WTD)
| Ticker | Underlying Stock | WTD Return | YTD Return | Fund Count |
|---|---|---|---|---|
| Top Performers | ||||
| LITE | Lumentum Holdings, Inc. | 18.66% | 81.17% | 1 |
| MRNA | Moderna, Inc. | 18.09% | 69.11% | 1 |
| FIG | Figma, Inc. Class A | 15.80% | -30.18% | 1 |
| ETOR | eToro Group Ltd. Class A | 13.55% | -11.24% | 1 |
| OPEN | Opendoor Technologies Inc | 12.49% | -14.24% | 2 |
| Bottom Performers | ||||
| UPXI | Upexi, Inc. | -19.62% | -63.21% | 1 |
| APLD | Applied Digital Corporation | -17.69% | 18.43% | 2 |
| OKTA | Okta, Inc. Class A | -14.86% | -14.09% | 1 |
| RIVN | Rivian Automotive, Inc. Class A | -13.87% | -22.53% | 1 |
| USAR | USA Rare Earth, Inc. Class A | -11.16% | 44.79% | 1 |
Weekly Performance: The Winners and Losers
The 2x levered space amplified this week’s stock movements to an extreme degree. APLZ took the crown for the bears, delivering a massive 42.27% gain for those betting against Applied Digital. Meanwhile, LITX capitalized on the Lumentum surge with a 37.91% return. However, it was a painful week for GEMG and PXIU, which cratered -42.59% and -36.67%, respectively. These staggering moves highlight the high-reward, high-risk nature of daily-reset ETFs in volatile conditions.
| Ticker | Fund Name | WTD Perf |
|---|---|---|
| Top ETF Performers | ||
| APLZ | Tradr 2X Short APLD Daily ETF | 42.27% |
| LITX | Tradr 2X Long LITE Daily ETF | 37.91% |
| FIGG | Leverage Shares 2x Long FIG Daily ETF | 32.81% |
| OPEG | Leverage Shares 2X Long OPEN Daily ETF | 24.96% |
| TEMT | Tradr 2X Long TEM Daily ETF | 24.73% |
| Bottom ETF Performers | ||
| GEMG | Leverage Shares 2X Long GEMI Daily ETF | -42.59% |
| PXIU | T-REX 2X Long UPXI Daily Target ETF | -36.67% |
| APLX | Tradr 2X Long APLD Daily ETF | -33.44% |
| OKTG | Leverage Shares 2X Long OKTA Daily ETF | -28.71% |
| RVNL | GraniteShares 2x Long RIVN Daily ETF | -26.58% |
Analyzing the Weekly Flows
Sentiment remained firmly “Risk On” this week as the Levered category swept $161M in net new money, indicating high conviction in current trends. Traders also hedged their bets with $34M into Inverse products. However, the Synthetic Income space saw a tactical -$31M retreat, suggesting investors might be prioritizing capital appreciation over yield in this current breakout environment.
Where the Money Went This Week
| Category | Fund Count | AUM | 5 Day | YTD |
|---|---|---|---|---|
| Levered | 256 | $25,355.0M | $161M | $3,130M |
| Inverse | 49 | $1,259.7M | $34M | ($171M) |
| Currency Hedged | 9 | $16.8M | $1M | $0M |
| Synthetic Income | 99 | $7,668.2M | ($31M) | ($763M) |
Flow Leaders & Laggards: The ETF Tale of the Tape
SNXX led the weekly inflow leaderboard with a massive $63M capture as Sandisk momentum accelerates. Coinbase bulls were also out in force, sending $40M into CONL. Conversely, Tesla bears took a breather as TSLL bled -$75M in assets, marking the largest single fund exodus of the week.
| Ticker | Fund Name | 5-Day Flow |
|---|---|---|
| Top ETF Inflows | ||
| SNXX | Tradr 2X Long SNDK Daily ETF | $63M |
| CONL | GraniteShares 2x Long COIN Daily ETF | $40M |
| RGTZ | Defiance Daily Target 2x Short RGTI ETF | $27M |
| MSFU | Direxion Daily MSFT Bull 2X Shares | $25M |
| NVDL | GraniteShares 2x Long NVDA Daily ETF | $24M |
| Top ETF Outflows | ||
| TSLL | Direxion Daily TSLA Bull 2X Shares | -$75M |
| MSTU | T-Rex 2X Long MSTR Daily Target ETF | -$25M |
| PTIR | GraniteShares 2x Long PLTR Daily ETF | -$19M |
| PLTZ | Defiance Daily Target 2x Short PLTR ETF | -$19M |
| AVGX | Defiance Daily Target 2X Long AVGO ETF | -$18M |
Issuer League Table Update
Direxion maintains its heavy-handed dominance in the channel with 33.35% market share, though Tradr and Defiance were the real flow winners of the week, pulling in a combined $182M. While the “Big Three” (Direxion, GraniteShares, and YieldMax) control nearly 75% of the channel’s assets, newer entrants are finding success by launching increasingly niche and aggressive daily target strategies.
The Heavyweights: Top 5 Issuers by AUM
| Brand | Fund Count | AUM | Market Share |
|---|---|---|---|
| Direxion | 55 | $11.45B | 33.35% |
| GraniteShares | 58 | $7.60B | 22.15% |
| YieldMax | 41 | $6.17B | 17.98% |
| Tradr | 54 | $2.54B | 7.40% |
| Defiance | 50 | $2.35B | 6.84% |
Weekly Flows: Issuer Edition
| Brand | 5-Day Flow |
|---|---|
| Top Brand Inflows | |
| Tradr | $126M |
| Defiance | $56M |
| GraniteShares | $52M |
| Top Brand Outflows | |
| Direxion | -$31M |
| Leverage Shares | -$9M |
| YieldMax | -$9M |
For a deeper dive into these trends, access our FREE, in-depth Thematic 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.
