Weekly Channel Summary
The Single Stock ETF channel, encompassing 600 funds from 17 issuers, closed the week with $37.44 billion in assets under management. The segment experienced net outflows of $144 million over the past five trading days. This recent redemption activity contrasts with the channel’s longer-term trend, which has seen it attract $13.58 billion year-to-date and nearly $24.0 billion over the past year.
This Week’s Performance Leaders and Laggards
Performance across Single Stock categories was negative this week, with Synthetic Income funds leading by declining the least, down just -0.36%. In contrast, the dominant Leverage | Inverse category posted the weakest results, falling -5.60% for the week. Despite the weekly drop, Leverage | Inverse funds maintain a substantial year-to-date gain of 63.50%, far outpacing other strategies in the channel.
Top & Bottom Underlying Stock Performance (WTD)
| Ticker | Underlying Stock | Week-To-Date Return | Year-To-Date Return | Number of Funds Following Stock |
|---|---|---|---|---|
| Top Performers | ||||
| MSFT | Microsoft Corp | 21.75% | -3.91% | 2 |
| AMZN | Amazon Com Inc | 17.00% | 17.66% | 3 |
| GOOG | Alphabet Inc Cap Stk Cl C | 11.77% | 13.66% | 3 |
| BABA | Alibaba Group Hldg Ltd Sponsored Ads | 9.02% | -16.60% | 1 |
| XYZ | Block Inc | 5.30% | 24.81% | 1 |
| Bottom Performers | ||||
| AMD | Advanced Micro Devices Inc | -8.77% | 122.33% | 1 |
| COIN | Coinbase Global Inc Shs | -7.60% | -35.32% | 2 |
| AAPL | Apple Inc | -7.24% | 13.63% | 4 |
| META | Meta Platforms Inc | -6.47% | -15.66% | 2 |
| NVDA | Nvidia Corporation | -2.94% | 7.64% | 8 |
Top & Bottom 5 ETFs by Weekly Performance
Leveraged funds tracking Microsoft dominated the performance leaderboard, as the underlying stock surged over 21%. The Corgi MSFT 2x Daily ETF (MSFC) led the pack with a remarkable 45.57% weekly gain, closely followed by several other bullish Microsoft products. On the other end of the spectrum, the T-REX 2X Long RBLX Daily Target ETF (RBLU) was the worst performer, plummeting -52.12%.
| Ticker | Fund Name | WTD Performance |
|---|---|---|
| Top Performers | ||
| MSFC | Corgi MSFT 2x Daily ETF | 45.57% |
| MSFU | Direxion Daily MSFT Bull 2X ETF | 45.11% |
| MSFL | GraniteShares 2x Long MSFT Daily ETF | 44.98% |
| MSFX | T-Rex 2X Long Microsoft Daily Target ETF | 44.59% |
| AXTX | Tradr 2X Long AXTI Daily ETF | 42.52% |
| Bottom Performers | ||
| RBLU | T-REX 2X Long RBLX Daily Target ETF | -52.12% |
| AMKL | Defiance Daily Target 2X Long AMKR ETF | -49.33% |
| AMKX | Corgi AMKR 2x Daily ETF | -47.83% |
| LMNX | Defiance Daily Target 2x Long LMND ETF | -42.07% |
| BEZ | Tradr 2X Short BE Daily ETF | -41.83% |
Analyzing the Weekly Flows
The Single Stock channel registered net outflows of $144 million for the week, driven primarily by redemptions from leveraged and inverse strategies. Levered funds, the largest segment by assets, shed $148 million, while Inverse funds saw outflows of $10 million. Options Overlay products were the sole bright spot, attracting a modest $16 million in new assets.
Where the Money Went This Week
| Implementation | Fund Count | AUM | 5 Day | 30 Day | 90 Day | YTD | 1 Year |
|---|---|---|---|---|---|---|---|
| Options Overlay | 106 | $6.99B | $16M | $402M | $1,193M | $746M | $4,967M |
| Autocallable | 8 | $13M | $0M | $3M | $7M | $8M | $8M |
| Currency Hedged | 10 | $31M | -$1M | $2M | $5M | $10M | $8M |
| Inverse | 58 | $1.38B | -$10M | -$273M | -$9M | -$15M | $136M |
| Levered | 418 | $29.03B | -$148M | -$1,240M | $9,173M | $12,828M | $18,879M |
Top & Bottom 5 ETFs by 5-Day Flow
Flows at the fund level were concentrated in a few large leveraged products, with traders showing strong conviction on both sides. The Direxion Daily TSLA Bull 2X ETF (TSLL) was the clear favorite, pulling in $265 million in new capital. Conversely, significant redemptions hit the Direxion Daily MU Bull 2X ETF (MUU) and the Direxion Daily MSFT Bull 2X ETF (MSFU), which saw outflows of $259 million and $228 million, respectively, suggesting some profit-taking in the latter after its strong weekly performance.
| Ticker | Fund Name | 5-Day Flow |
|---|---|---|
| Inflows | ||
| TSLL | Direxion Daily TSLA Bull 2X ETF | $265M |
| SKUU | GraniteShares 2x Long SK Hynix Daily ETF | $54M |
| SNDU | T-REX 2X Long SNDK Daily Target ETF | $46M |
| BEX | Tradr 2X Long BE Daily ETF | $42M |
| NEBX | Tradr 2X Long NBIS Daily ETF | $33M |
| Outflows | ||
| MUU | Direxion Daily MU Bull 2X ETF | -$259M |
| MSFU | Direxion Daily MSFT Bull 2X ETF | -$228M |
| AMDW | Roundhill AMD WeeklyPay ETF | -$79M |
| INTW | GraniteShares 2x Long INTC Daily ETF | -$69M |
| NOWL | GraniteShares 2x Long NOW Daily ETF | -$62M |
Issuer League Table Update
Direxion and GraniteShares continue to dominate the Single Stock landscape, commanding a combined market share of over 53%. Despite its leading position, Direxion experienced the largest outflows of any issuer this week, with investors pulling $290 million from its funds. In contrast, Leverage Shares led the pack in asset gathering, successfully attracting $80 million in net new investment.
Top 5 Issuers by AUM
| Brand | Fund Count | AUM | AUM Market Share |
|---|---|---|---|
| Direxion | 59 | $12.22B | 32.62% |
| GraniteShares | 73 | $7.95B | 21.23% |
| YieldMax | 41 | $5.64B | 15.07% |
| Tradr | 71 | $4.06B | 10.85% |
| Defiance | 65 | $2.19B | 5.84% |
Top & Bottom 3 Issuers by 5-Day Flow
| Brand | 5-Day Flow |
|---|---|
| Inflows | |
| Leverage Shares | $80M |
| YieldMax | $79M |
| Defiance | $75M |
| Outflows | |
| Direxion | -$290M |
| Roundhill | -$71M |
| GraniteShares | -$60M |
For a deeper dive into these trends, access our FREE, in-depth Single Stock 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.
