Macro Summary
Overall market volume checked in at $191.97B during this session, operating at a muted 60% of the 30-day average. Activity was broadly subdued across the major asset classes, with Digital Assets standing out as the relative bright spot by matching 99% of its historical volume baseline.
| Asset Class | Volume | 30D Avg. | % of 30D Avg. |
|---|---|---|---|
| Equity | $122.22B | $214.80B | 57% |
| Fixed Income | $20.47B | $38.67B | 53% |
| Commodities | $6.14B | $17.11B | 36% |
| Digital Asset | $4.75B | $4.79B | 99% |
| Currencies | $61.72M | $176.79M | 35% |
| Alternatives | $778.27M | $1.65B | 47% |
| Non-Traditional | $37.36B | $43.31B | 86% |
| Multi-Asset | $187.40M | $236.62M | 79% |
Equity
Equity trading volume totaled $122.22B, marking a muted session at 57% of its 30-day average. Despite the subdued broader environment, distinct anomalous activity emerged in thematic sustainability segments and targeted single-country and value strategies.
High-Volume Categories
| Category | Activity vs ADV | $ Volume | 1-Day Return |
|---|---|---|---|
| Equity: Thematic – Sustainability | 173% | $363.38M | +2.05% |
High-Activity Ticker Outliers
| Ticker | Name | Activity vs ADV | $ Volume | 1D Return |
|---|---|---|---|---|
| FDV | Federated Hermes U.S. Strategic Dividend ETF | 1427% | $57.28M | -0.24% |
| MSOS | AdvisorShares Pure US Cannabis ETF | 1155% | $276.83M | +19.95% |
| LSGR | Natixis Loomis Sayles Focused Growth ETF | 649% | $39.75M | +1.49% |
| FLBR | Franklin FTSE Brazil ETF | 584% | $43.49M | -0.31% |
| DBJP | Xtrackers MSCI Japan Hedged Equity ETF | 567% | $18.31M | +0.58% |
| PJP | Invesco Pharmaceuticals ETF | 533% | $14.24M | +0.24% |
| FLTW | Franklin FTSE Taiwan ETF | 442% | $89.96M | +3.48% |
| AIS | VistaShares Artificial Intelligence Supercycle ETF | 439% | $41.73M | +4.47% |
| IDEQ | Lazard International Dynamic Equity ETF | 432% | $45.48M | +1.07% |
| LRGC | AB US Large Cap Strategic Equities ETF | 411% | $43.33M | +1.06% |
Fixed Income
Fixed Income recorded a muted session with $20.47B in total volume, operating at 53% of its historical baseline. Category-level volumes remained restrained, though specific active securitized and corporate ETFs generated isolated spikes in trading activity.
High-Volume Categories
No items met the inclusion criteria for this session.
High-Activity Ticker Outliers
| Ticker | Name | Activity vs ADV | $ Volume | 1D Return |
|---|---|---|---|---|
| SECU | iShares Securitized Income Active ETF | 3708% | $123.00M | +0.34% |
| QLTA | iShares Aaa-A Rated Corporate Bond ETF | 914% | $145.90M | +0.12% |
| TFLR | T. Rowe Price Floating Rate ETF | 459% | $17.64M | +0.03% |
| FLHY | Franklin High Yield Corporate ETF | 415% | $42.17M | +0.08% |
| IGEB | iShares Investment Grade Systematic Bond ETF | 319% | $41.17M | +0.06% |
| FPEI | First Trust Institutional Preferred Securities & Income ETF | 315% | $27.13M | +0.08% |
| PFXF | VanEck Preferred Securities ex Financials ETF | 261% | $24.37M | +1.06% |
| SMTH | ALPS/SMITH Core Plus Bond ETF | 254% | $17.72M | +0.08% |
| DCRE | DoubleLine Commercial Real Estate Debt ETF | 244% | $6.84M | +0.01% |
| CLOZ | Eldridge BBB-B CLO ETF | 240% | $20.03M | +0.44% |
Commodities
Commodities experienced exceptionally muted trading, with $6.14B in volume reflecting just 36% of the 30-day average. Broad market commodity funds provided the only notable highlights in an otherwise quiet session.
High-Volume Categories
No items met the inclusion criteria for this session.
High-Activity Ticker Outliers
| Ticker | Name | Activity vs ADV | $ Volume | 1D Return |
|---|---|---|---|---|
| USCI | United States Commodity Index Fund | 414% | $10.36M | +1.15% |
| COMT | iShares U.S. ETF Trust iShares GSCI Commodity Dynamic Roll Strategy ETF | 188% | $65.13M | +1.11% |
| PDBA | Invesco Agriculture Commodity Strategy No K-1 ETF | 170% | $15.67M | -0.14% |
Digital Asset
Digital Assets delivered a balanced session, logging $4.75B in volume to match 99% of its 30-day average. Trading activity was highly consistent with historical norms, presenting no significant anomalous outliers.
High-Volume Categories
No items met the inclusion criteria for this session.
High-Activity Ticker Outliers
No items met the inclusion criteria for this session.
Currencies
Currency ETFs had a notably muted session, tracking just $61.72M in volume or 35% of their typical 30-day activity. The asset class remained structurally quiet with no outsized trading behavior to report.
High-Volume Categories
No items met the inclusion criteria for this session.
High-Activity Ticker Outliers
No items met the inclusion criteria for this session.
Alternatives
The Alternatives space was muted, generating $778.27M in total volume at 47% of its average. Trading remained dispersed and light without concentrated pockets of elevated activity across strategies.
High-Volume Categories
No items met the inclusion criteria for this session.
High-Activity Ticker Outliers
No items met the inclusion criteria for this session.
Non-Traditional
Non-Traditional strategies saw a relatively balanced session, with $37.36B in volume capturing 86% of the trailing average. Activity was punctuated by synthetic fixed income segments and highly concentrated leverage targeting individual stocks.
High-Volume Categories
| Category | Activity vs ADV | $ Volume | 1-Day Return |
|---|---|---|---|
| Non-Traditional: Synthetic Income – Fixed Income | 158% | $125.25M | +0.09% |
High-Activity Ticker Outliers
| Ticker | Name | Activity vs ADV | $ Volume | 1D Return |
|---|---|---|---|---|
| BALI | iShares U.S. Large Cap Premium Income Active ETF | 2122% | $148.03M | +0.79% |
| FAPR | FT Vest U.S. Equity Buffer ETF – April | 646% | $18.44M | +0.54% |
| ROM | ProShares Ultra Technology | 401% | $15.69M | +4.37% |
| MSTU | T-Rex 2X Long MSTR Daily Target ETF | 266% | $491.65M | +17.61% |
| AMDL | GraniteShares 2x Long AMD Daily ETF | 233% | $348.01M | +13.15% |
| GAPR | FT Vest U.S. Equity Moderate Buffer Fund – Apr | 207% | $6.48M | +0.52% |
| DFEN | Direxion Daily Aerospace & Defense Bull 3X ETF | 205% | $36.74M | -4.71% |
| MSTX | Defiance Daily Target 2x Long MSTR ETF | 203% | $275.66M | +17.81% |
| TSMX | Direxion Daily TSM Bull 2X ETF | 199% | $107.93M | +10.43% |
| SBAR | Simplify Barrier Income ETF | 191% | $5.29M | +0.31% |
Multi-Asset
Multi-Asset funds concluded a muted session with $187.40M in traded volume, running at 79% of the baseline average. The category remained well within normal trading parameters.
High-Volume Categories
No items met the inclusion criteria for this session.
High-Activity Ticker Outliers
No items met the inclusion criteria for this session.
