Macro Summary
Broad market activity was moderately elevated at 105% of the 30-day average on a total volume of $272.08B. The session showed a balanced to slightly bearish tilt across most major asset classes. Non-Traditional, Multi-Asset, and Fixed Income ETFs saw the most elevated relative activity, while Commodities and Digital Assets experienced an unusually subdued trading day.
| Asset Class | Volume | 30D Avg. | % of 30D Avg. |
|---|---|---|---|
| Equity | $171.46B | $167.43B | 102% |
| Fixed Income | $33.25B | $28.91B | 115% |
| Commodities | $6.29B | $9.22B | 68% |
| Digital Asset | $2.92B | $4.31B | 68% |
| Currencies | $83.55M | $131.60M | 63% |
| Alternatives | $1.24B | $1.16B | 107% |
| Non-Traditional | $56.56B | $47.21B | 120% |
| Multi-Asset | $294.63M | $236.32M | 125% |
Equity
Equity volume reached $171.46B (102% of ADV), marked by a broadly negative session return averaging -0.69%. Highly elevated activity was observed across Information Technology, Thematic tech segments, and specific Asia-Pacific regional allocations.
High-Volume Categories
| Category | Activity vs ADV | $ Volume | 1-Day Return |
|---|---|---|---|
| Equity: Region – Asia-Pacific Ex-Japan | 188% | $301.08M | -1.07% |
| Equity: Thematic – Industrial Revolution | 181% | $790.11M | -1.12% |
| Equity: Region – Asia-Pacific | 149% | $150.19M | -0.45% |
| Equity: Sector – Information Technology | 142% | $18.88B | -0.55% |
| Equity: Thematic – Disruptive Tech | 141% | $2.81B | -0.62% |
High-Activity Ticker Outliers
| Ticker | Name | Activity vs ADV | $ Volume | 1D Return |
|---|---|---|---|---|
| IYJ | iShares U.S. Industrials ETF | 1590% | $136.60M | -1.24% |
| UTES | Virtus Reaves Utilities ETF | 1327% | $169.24M | +0.43% |
| IYK | iShares U.S. Consumer Staples ETF | 848% | $134.91M | -0.25% |
| IYF | iShares U.S. Financials ETF | 679% | $133.80M | -1.19% |
| IPAC | iShares Core MSCI Pacific ETF | 641% | $88.25M | -0.68% |
| JIRE | JPMorgan International Research Enhanced Equity ETF | 535% | $168.22M | -0.57% |
| AVIV | Avantis International Large Cap Value ETF | 497% | $47.32M | -0.74% |
| XPH | State Street SPDR S&P Pharmaceuticals ETF | 456% | $13.39M | -0.21% |
| SCHM | Schwab U.S. Mid-Cap ETF | 432% | $146.77M | -0.71% |
| ROBO | ROBO Global Robotics & Automation Index ETF | 413% | $52.55M | -2.04% |
Fixed Income
Fixed Income experienced elevated activity trading at 115% of ADV, accumulating $33.25B in volume. Interest focused heavily on Taxable categories, particularly Inflation Protected, International USD, and various Government durations.
High-Volume Categories
| Category | Activity vs ADV | $ Volume | 1-Day Return |
|---|---|---|---|
| Fixed Income: Taxable – Inflation Protected | 179% | $1.03B | -0.26% |
| Fixed Income: Taxable – International USD | 154% | $467.24M | -0.26% |
| Fixed Income: Taxable – Government Intermediate | 148% | $896.14M | -0.29% |
| Fixed Income: Taxable – Securitized | 145% | $614.92M | -0.27% |
| Fixed Income: Taxable – Government Long | 143% | $4.35B | -0.68% |
High-Activity Ticker Outliers
| Ticker | Name | Activity vs ADV | $ Volume | 1D Return |
|---|---|---|---|---|
| BBAG | JPMorgan BetaBuilders U.S. Aggregate Bond ETF | 740% | $29.91M | -0.32% |
| UITB | VictoryShares Core Intermediate Bond ETF | 585% | $35.80M | -0.36% |
| VTIP | Vanguard Short-Term Inflation-Protected Securities ETF | 441% | $494.29M | -0.14% |
| IBHF | iShares iBonds 2026 Term High Yield and Income ETF | 438% | $31.15M | +0.24% |
| CGCB | Capital Group Core Bond ETF | 436% | $121.71M | -0.33% |
| USTB | VictoryShares Short-Term Bond ETF | 379% | $43.05M | -0.07% |
| IBDX | iShares iBonds Dec 2032 Term Corporate ETF | 325% | $13.83M | -0.36% |
| PTRB | PGIM Total Return Bond ETF | 320% | $15.11M | -0.36% |
| LEMB | iShares J.P. Morgan EM Local Currency Bond ETF | 305% | $15.90M | -0.60% |
| BSCW | Invesco BulletShares 2032 Corporate Bond ETF | 289% | $16.16M | -0.43% |
Commodities
Trading in Commodities was noticeably subdued at 68% of ADV on $6.29B in volume. Broad Market strategies saw isolated pockets of activity despite the overall muted tone.
High-Volume Categories
No items met the inclusion criteria for this session.
High-Activity Ticker Outliers
| Ticker | Name | Activity vs ADV | $ Volume | 1D Return |
|---|---|---|---|---|
| COM | Direxion Auspice Broad Commodity Strategy ETF | 199% | $11.50M | -0.16% |
| PIT | VanEck Commodity Strategy ETF | 153% | $4.08M | +0.50% |
Digital Asset
The Digital Asset class witnessed a very quiet session, securing only 68% of its 30-day average activity with $2.92B traded. Broad market metrics showed mild negative returns across key crypto segments.
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 traded quietly with total volume coming in at $83.55M, representing just 63% of the 30-day average. The class experienced marginal negative returns across the board.
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
Alternative strategies performed slightly above normal volumes, tracking at 107% of ADV with $1.24B traded. Managed Futures dominated the activity outlier flow.
High-Volume Categories
| Category | Activity vs ADV | $ Volume | 1-Day Return |
|---|---|---|---|
| Alternative: Absolute Return – Managed Futures | 222% | $169.99M | +0.20% |
High-Activity Ticker Outliers
| Ticker | Name | Activity vs ADV | $ Volume | 1D Return |
|---|---|---|---|---|
| DBMF | iMGP DBi Managed Futures Strategy ETF | 284% | $117.34M | +0.03% |
Non-Traditional
Non-Traditional ETFs experienced a highly active session, trading $56.56B or 120% of their 30-day average. Leveraged and Inverse strategies tied to Fixed Income and Equity indices were significant drivers of the volume surge.
High-Volume Categories
| Category | Activity vs ADV | $ Volume | 1-Day Return |
|---|---|---|---|
| Non-Traditional: Leverage | Inverse – Fixed Income | 205% | $351.23M | +0.10% |
| Non-Traditional: Leverage | Inverse – Equity | 139% | $38.33B | -0.43% |
High-Activity Ticker Outliers
| Ticker | Name | Activity vs ADV | $ Volume | 1D Return |
|---|---|---|---|---|
| GMAY | FT Vest U.S. Equity Moderate Buffer ETF – May | 326% | $17.08M | -0.39% |
| TBT | ProShares UltraShort 20+ Year Treasury | 304% | $50.22M | +1.72% |
| SLVO | UBS AG ETRACS Silver Shares Covered Call ETNs | 286% | $23.27M | -1.68% |
| PMAY | Innovator U.S. Equity Power Buffer ETF – May | 275% | $36.24M | -0.27% |
| FMAY | FT Vest U.S. Equity Buffer Fund – May | 266% | $7.90M | -0.36% |
| TZA | Direxion Daily Small Cap Bear 3X ETF | 254% | $2.46B | +3.07% |
| RKLX | Defiance Daily Target 2X Long RKLB ETF | 221% | $361.54M | -5.83% |
| SOXS | Direxion Daily Semiconductor Bear 3X ETF | 211% | $5.25B | -0.75% |
| KORU | Direxion Daily MSCI South Korea Bull 3X ETF | 195% | $816.55M | -3.16% |
| TMF | Direxion Daily 20+ Year Treasury Bull 3X ETF | 190% | $224.05M | -1.96% |
Multi-Asset
The Multi-Asset class saw resilient momentum, managing $294.63M in volume and clocking in at 125% of its 30-day average activity, led distinctly by Target Risk strategies.
High-Volume Categories
| Category | Activity vs ADV | $ Volume | 1-Day Return |
|---|---|---|---|
| Asset Allocation: Target Risk – Growth | 191% | $130.64M | -0.48% |
High-Activity Ticker Outliers
| Ticker | Name | Activity vs ADV | $ Volume | 1D Return |
|---|---|---|---|---|
| CGBL | Capital Group Core Balanced ETF | 253% | $105.46M | -0.64% |
| ALLW | State Street Bridgewater All Weather ETF | 198% | $44.75M | -0.79% |
