Macro Summary
The broader market experienced a muted session today, with total ETF trading volume reaching $256.68B, operating at just 81% of its 30-day average. Non-Traditional ETFs were a notable exception, sustaining above-average activity (118%), while core asset classes like Fixed Income (63%) and Commodities (49%) saw significantly depressed volumes.
| Asset Class | Volume | 30D Avg. | % of 30D Avg. |
|---|---|---|---|
| Equity | $167.46B | $212.61B | 79% |
| Fixed Income | $23.98B | $37.99B | 63% |
| Commodities | $8.17B | $16.74B | 49% |
| Digital Asset | $4.21B | $4.79B | 88% |
| Currencies | $115.43M | $173.84M | 66% |
| Alternatives | $1.63B | $1.62B | 101% |
| Non-Traditional | $50.89B | $43.18B | 118% |
| Multi-Asset | $217.16M | $234.22M | 93% |
Equity
Equities recorded $167.46B in total volume, tracking at a subdued 79% of the 30-day average as broader markets traded lower. However, strong localized activity concentrations were observed in thematic segments, specifically Sustainability and Information Technology products.
High-Volume Categories
| Category | Activity vs ADV | $ Volume | 1-Day Return |
|---|---|---|---|
| Equity: Thematic – Sustainability | 154% | $331.47M | +0.73% |
| Equity: Sector – Information Technology | 149% | $16.41B | -0.55% |
| Equity: Thematic – Health Innovation | 144% | $109.78M | -2.00% |
| Equity: Thematic – Infrastructure | 127% | $653.11M | +1.02% |
High-Activity Ticker Outliers
| Ticker | Name | Activity vs ADV | $ Volume | 1D Return |
|---|---|---|---|---|
| QCLN | First Trust Nasdaq Clean Edge Green Energy Index Fund | 1193% | $49.00M | +1.67% |
| FMAT | Fidelity MSCI Materials Index ETF | 1006% | $33.62M | -0.43% |
| FNCL | Fidelity MSCI Financials Index ETF | 893% | $83.99M | -0.74% |
| MSOS | AdvisorShares Pure US Cannabis ETF | 672% | $219.40M | -17.81% |
| FDIS | Fidelity MSCI Consumer Discretionary Index ETF | 605% | $46.69M | -0.99% |
| GSWO | Goldman Sachs ActiveBeta World Equity ETF | 566% | $23.57M | -0.71% |
| LRGF | iShares U.S. Equity Factor ETF | 540% | $89.38M | -0.70% |
| XSD | State Street SPDR S&P Semiconductor ETF | 518% | $72.47M | +2.21% |
| IDU | iShares U.S. Utilities ETF | 516% | $144.89M | +2.77% |
| VTWG | Vanguard Russell 2000 Growth ETF | 486% | $21.26M | -0.78% |
Fixed Income
Fixed Income trading was exceptionally quiet, posting $23.98B in volume (63% of ADV). Activity remained highly localized with isolated pockets of trading in specific short-duration and municipal vehicles.
High-Volume Categories
No items met the inclusion criteria for this session.
High-Activity Ticker Outliers
| Ticker | Name | Activity vs ADV | $ Volume | 1D Return |
|---|---|---|---|---|
| GVI | iShares Intermediate Government/Credit Bond ETF | 610% | $120.30M | -0.11% |
| BILZ | PIMCO Ultra Short Government Active Exchange-Traded Fund | 587% | $113.85M | +0.01% |
| FPEI | First Trust Institutional Preferred Securities & Income ETF | 277% | $25.46M | -0.03% |
| BMOP | BNY Mellon Municipal Opportunities ETF | 255% | $8.83M | +0.04% |
| BAB | Invesco Taxable Municipal Bond ETF | 189% | $8.16M | -0.31% |
| VTEL | Vanguard Long-Term Tax-Exempt Bond ETF | 188% | $5.69M | -0.04% |
| VSDB | Vanguard Short Duration Bond ETF | 187% | $6.15M | -0.04% |
| FLRT | Pacer Aristotle Pacific Floating Rate High Income ETF | 179% | $8.97M | -0.49% |
| PFXF | VanEck Preferred Securities ex Financials ETF | 177% | $18.73M | -0.11% |
| JFLX | JPMorgan Flexible Debt ETF | 171% | $6.84M | -0.12% |
Commodities
Commodities saw highly depressed volume at $8.17B (49% of ADV) despite slightly positive price action. Broad multi-sector and focused segments failed to attract notable 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 |
|---|---|---|---|---|
| CERY | State Street SPDR Bloomberg Enhanced Roll Yield Commodity Strategy No K-1 ETF | 218% | $14.76M | +0.79% |
Digital Asset
Digital Assets logged $4.21B in volume, operating below typical levels at 88% of average as major cryptocurrencies faced broad downward pressure during the session.
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 ETF volume was sparse, totaling $115.43M and running at just 66% of typical 30-day averages in a quiet session for foreign exchange.
High-Volume Categories
No items met the inclusion criteria for this session.
High-Activity Ticker Outliers
| Ticker | Name | Activity vs ADV | $ Volume | 1D Return |
|---|---|---|---|---|
| FXE | Invesco CurrencyShares Euro Trust | 182% | $48.77M | -0.13% |
Alternatives
Alternatives posted balanced activity, recording $1.63B in volume at 101% of the 30-day average, remaining stable amidst broader market quietness.
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 generated strong engagement, logging $50.89B in volume (118% of ADV). Activity was intensely driven by synthetic income products and leveraged single-stock exposures displaying massive outlier turnover.
High-Volume Categories
No items met the inclusion criteria for this session.
High-Activity Ticker Outliers
| Ticker | Name | Activity vs ADV | $ Volume | 1D Return |
|---|---|---|---|---|
| SDVD | FT Vest SMID Rising Dividend Achievers Target Income ETF | 1909% | $84.10M | +0.00% |
| FTQI | First Trust Nasdaq BuyWrite Income ETF | 1482% | $78.15M | -0.40% |
| FTHI | First Trust BuyWrite Income ETF | 728% | $92.62M | +0.19% |
| RDVI | FT Vest Rising Dividend Achievers Target Income ETF | 658% | $91.06M | -0.20% |
| KNG | FT Vest S&P 500 Dividend Aristocrats Target Income ETF | 535% | $84.71M | +0.72% |
| SBAR | Simplify Barrier Income ETF | 499% | $13.69M | -0.29% |
| BUYW | Main BuyWrite ETF | 365% | $16.39M | -0.66% |
| POCT | Innovator U.S. Equity Power Buffer ETF – October | 334% | $11.73M | -0.20% |
| ROM | ProShares Ultra Technology | 292% | $12.81M | -2.90% |
| IRE | Defiance Daily Target 2X Long IREN ETF | 270% | $242.82M | +15.41% |
Multi-Asset
Multi-Asset products saw muted to balanced trading, logging $217.16M in volume or 93% of typical 30-day levels.
High-Volume Categories
No items met the inclusion criteria for this session.
High-Activity Ticker Outliers
| Ticker | Name | Activity vs ADV | $ Volume | 1D Return |
|---|---|---|---|---|
| AOR | iShares Core 60/40 Balanced Allocation ETF | 156% | $37.76M | -0.42% |
