Macro Summary
Total market volume reached $308.0B during today’s session, registering a muted aggregate activity level at 84% of the 30-day average. Trading was broadly subdued across major asset classes, with Currencies touching 100% of historical average volume, while Multi-Asset lagged at 68%.
| Asset Class | Volume | 30D Avg. | % of 30D Avg. |
|---|---|---|---|
| Equity | $207.3B | $252.6B | 82% |
| Fixed Income | $37.5B | $39.5B | 95% |
| Commodities | $17.0B | $20.0B | 85% |
| Digital Asset | $4.3B | $5.5B | 78% |
| Currencies | $157.9M | $157.7M | 100% |
| Alternatives | $1.5B | $1.9B | 78% |
| Non-Traditional | $40.0B | $45.0B | 89% |
| Multi-Asset | $180.8M | $264.1M | 68% |
Equity
Equity experienced a quiet session with total volume of $207.3B, operating at 82% of its 30-day average. Underlying participation highlighted momentum in select mid and small-cap pockets despite broader market restraint.
High-Volume Categories
| Category | Activity vs ADV | $ Volume | 1-Day Return |
|---|---|---|---|
| Equity: U.S. Mid Cap – Growth | 279% | $720.1M | +0.93% |
| Equity: U.S. Small Cap – Value | 180% | $975.4M | +0.74% |
High-Activity Ticker Outliers
| Ticker | Name | Activity vs ADV | $ Volume | 1D Return |
|---|---|---|---|---|
| IJK | iShares S&P Mid-Cap 400 Growth ETF | 2006% | $487.1M | +1.02% |
| IJS | iShares S&P Small-Cap 600 Value ETF | 1409% | $482.7M | +1.08% |
| ESML | iShares ESG Aware MSCI USA Small-Cap ETF | 923% | $70.0M | +0.90% |
| IYM | iShares U.S. Basic Materials ETF | 727% | $229.6M | +2.22% |
| FXN | First Trust Energy AlphaDEX Fund | 454% | $71.9M | +0.67% |
| SLYV | State Street SPDR S&P 600 Small Cap Value ETF | 364% | $84.8M | +1.03% |
| SEIE | SEI Select International Equity ETF | 360% | $12.6M | +1.46% |
| FTA | First Trust Large Cap Value AlphaDEX Fund | 358% | $11.6M | +0.49% |
| ARGT | Global X MSCI Argentina ETF | 332% | $51.6M | +1.67% |
| MDYG | State Street SPDR S&P 400 Mid Cap Growth ETF | 309% | $21.2M | +1.01% |
Fixed Income
Fixed Income demonstrated moderate resilience with $37.5B in total volume, standing at 95% of its 30-day average. High Yield and Single State Municipal bonds were the primary drivers of outsized activity.
High-Volume Categories
| Category | Activity vs ADV | $ Volume | 1-Day Return |
|---|---|---|---|
| Fixed Income: Municipal – Single State | 131% | $117.9M | +0.17% |
| Fixed Income: Municipal – High Yield | 126% | $164.0M | +0.32% |
High-Activity Ticker Outliers
| Ticker | Name | Activity vs ADV | $ Volume | 1D Return |
|---|---|---|---|---|
| AGGH | Simplify Aggregate Bond ETF | 1684% | $44.9M | +0.49% |
| MFSB | MFS Active Core Plus Bond ETF | 1133% | $51.4M | +0.42% |
| TUA | Simplify Short Term Treasury Futures Strategy ETF | 597% | $73.7M | +0.53% |
| HTRB | Hartford Total Return Bond ETF | 590% | $66.1M | +0.40% |
| UTWO | US Treasury 2 Year Note ETF | 562% | $21.4M | +0.08% |
| SPTS | State Street SPDR Portfolio Short Term Treasury ETF | 486% | $170.5M | +0.09% |
| LQDH | iShares Interest Rate Hedged Corporate Bond ETF | 385% | $16.9M | +0.07% |
| HYEM | VanEck Emerging Markets High Yield Bond ETF | 343% | $16.0M | +0.69% |
| VTES | Vanguard Short-Term Tax Exempt Bond ETF | 250% | $43.1M | +0.16% |
| EMHY | iShares J.P. Morgan EM High Yield Bond ETF | 241% | $13.6M | +0.84% |
Commodities
Commodities ended the session muted at 85% of their average activity, seeing total volume reach $17.0B, with specific traction noted solely in Agricultural products.
High-Volume Categories
| Category | Activity vs ADV | $ Volume | 1-Day Return |
|---|---|---|---|
| Commodity: Focused – Agriculture | 148% | $114.9M | +0.30% |
High-Activity Ticker Outliers
| Ticker | Name | Activity vs ADV | $ Volume | 1D Return |
|---|---|---|---|---|
| DBA | Invesco DB Agriculture Fund | 189% | $61.9M | +0.22% |
Digital Asset
Digital Assets registered a quiet day at $4.3B in volume, hitting just 78% of its 30-day average. Broad inactivity limited identifiable outlier momentum.
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
Currencies represented the strongest participation relative to history across asset classes, achieving 100% of average volume and tallying $157.9M in daily value traded.
High-Volume Categories
No items met the inclusion criteria for this session.
High-Activity Ticker Outliers
| Ticker | Name | Activity vs ADV | $ Volume | 1D Return |
|---|---|---|---|---|
| FXY | Invesco Currencyshares Japanese Yen Trust | 245% | $23.4M | -0.34% |
Alternatives
Alternatives reported $1.5B in trading volume (78% of average), punctuated by active flows into Managed Futures strategies despite the broad softness.
High-Volume Categories
| Category | Activity vs ADV | $ Volume | 1-Day Return |
|---|---|---|---|
| Alternative: Absolute Return – Managed Futures | 155% | $131.5M | +0.11% |
High-Activity Ticker Outliers
| Ticker | Name | Activity vs ADV | $ Volume | 1D Return |
|---|---|---|---|---|
| CTA | Simplify Managed Futures Strategy ETF | 402% | $76.3M | -0.51% |
Non-Traditional
Non-Traditional products exhibited volume of $40.0B (89% of average), significantly buoyed by highly elevated positioning within specific defined-outcome Equity Buffer products.
High-Volume Categories
| Category | Activity vs ADV | $ Volume | 1-Day Return |
|---|---|---|---|
| Non-Traditional: Buffer – Equity | 239% | $814.4M | +0.36% |
High-Activity Ticker Outliers
| Ticker | Name | Activity vs ADV | $ Volume | 1D Return |
|---|---|---|---|---|
| FMAR | FT Vest US Equity Buffer ETF – March | 1731% | $50.0M | +0.37% |
| FJAN | FT Vest US Equity Buffer ETF – January | 1537% | $48.1M | +0.44% |
| FFEB | FT Vest U.S. Equity Buffer Fund – February | 1153% | $47.9M | +0.37% |
| GMAR | FT Vest U.S. Equity Moderate Buffer ETF – March | 1065% | $27.5M | +0.23% |
| SNXX | Tradr 2X Long SNDK Daily ETF | 188% | $731.0M | -7.83% |
| DGP | DB Gold Double Long Exchange Traded Notes | 172% | $27.8M | +6.96% |
| RDVI | FT Vest Rising Dividend Achievers Target Income ETF | 167% | $25.4M | -0.08% |
| BALI | iShares U.S. Large Cap Premium Income Active ETF | 161% | $10.1M | +0.55% |
| ASTX | Tradr 2X Long ASTS Daily ETF | 157% | $135.3M | +20.70% |
| SPDN | Direxion Daily S&P 500 Bear 1X ETF | 154% | $1.1B | -0.56% |
Multi-Asset
Multi-Asset lagged significantly behind broader market engagement, recording only $180.8M in volume. The segment operated at just 68% of its trailing 30-day average.
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.
