With total market volume clocking in at $254.9B (91% of the 30-day average), activity was concentrated in specific pockets of volatility rather than broad participation. The day’s most compelling volume story emerged in the Non-Traditional: Leverage | Inverse – Commodity category, which traded at 202% of its daily average (closing down -0.34%). This surge was largely driven by heavy turnover in BOIL (closing +8.54%) and AGQ (closing +4.82%), reflecting acute speculative interest in natural gas and silver.
Asset Class Summary
Asset Class
Volume
30D Avg.
% of 30D Avg.
Equity
$180.2B
$191.1B
94%
Fixed Income
$26.6B
$29.7B
90%
Commodity
$8.4B
$8.3B
102%
Digital Asset
$6.3B
$7.6B
83%
Non-Traditional
$32.2B
$41.1B
78%
Multi-Asset
$178.2M
$172.3M
103%
Currency
$89.8M
$80.2M
112%
Alternative
$817.4M
$1.4B
58%
Equity
Equities saw $180.2B in total volume, trading at 94% of the 30-day average. Activity was headlined by the Equity: Global Large Cap – Blend category (finishing the day up 0.24%) and significant flows into Equity: Region – Country Specific (closing +0.13%). This action was largely driven by heavy turnover in EWZ (closing -6.13%) and broad interest in ACWI (closing +0.09%).
Fixed Income volumes reached $26.6B, operating at 90% of the 30-day average. The day’s standout activity occurred in the Fixed Income: Taxable – Emerging category (closing down -0.09%) and Fixed Income: Municipal – High Yield (closing down -0.02%). This was largely driven by heavy turnover in EMLC (closing -0.47%) and HYD (closing -0.03%), indicating specific interest in higher-yielding and emerging market debt segments.
Commodities saw $8.4B in volume, trading slightly above the norm at 102% of the 30-day average. The day’s most notable action occurred in the Commodity: Focused – Energy category (finishing the day up +1.07%). This activity was largely driven by heavy turnover in UNG (closing +4.50%), signaling renewed momentum in energy markets.
First Trust Global Tactical Commodity Strategy Fund
158%
$11.1M
-0.07%
Crypto
Digital Assets recorded $6.3B in volume, trading at 83% of the 30-day average. There were no specific high-volume categories meeting the threshold today, and no significant individual ticker outliers were reported, suggesting a relatively muted session for the asset class.
High-Volume Categories (>$100M Traded)
Category
Activity vs ADV
$ Volume
1-Day Return
No categories met the high-volume criteria.
High-Activity Ticker Outliers
Ticker
Name
Activity vs ADV
$ Volume
1D Return
No high-activity ticker outliers for this asset class.
Currencies
Currencies traded $89.8M in total volume, reaching 112% of the 30-day average. While no categories met the $100M high-volume threshold, activity was notable in FXE (closing -0.02%), which saw elevated turnover relative to its norm.
Alternatives were quiet, with $817.4M in volume representing just 58% of the 30-day average. No categories exceeded the high-volume threshold, though QAI (closing +0.16%) stood out with higher-than-average trading activity.
Non-Traditional funds saw $32.2B in volume (78% of average). The session was defined by the Non-Traditional: Leverage | Inverse – Commodity category (closing down -0.34%) and Non-Traditional: Leverage | Inverse – Fixed Income (closing +0.30%). This activity was largely driven by heavy turnover in IQQQ (closing +0.39%) and BOIL (closing +8.54%), highlighting tactical positioning in income and commodity strategies.
High-Volume Categories (>$100M Traded)
Category
Activity vs ADV
$ Volume
1-Day Return
Non-Traditional: Leverage | Inverse – Commodity
202%
$2.0B
-0.34%
Non-Traditional: Leverage | Inverse – Fixed Income
Multi-Asset funds traded $178.2M (103% of average). While no major categories cleared the high-volume hurdle, AOM (closing 0.00%) and AOK (closing -0.04%) experienced unusually high activity.
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