Weekly Channel Summary
The Single Stock ETF channel, comprising 520 products from 18 issuers, closed the week with total assets under management of $54.31 billion. Investors demonstrated continued interest in the space, adding a net $738 million over the past five trading days. This recent activity contributes to a strong year-to-date inflow of $14.61 billion. Over the past year, the channel has attracted a substantial $26.07 billion in net new assets.
This Week’s Performance Leaders and Laggards
Performance across Single Stock categories was divergent this week. Synthetic Income funds led the way, posting a collective gain of 5.23%, adding to their year-to-date return of 5.48%. In contrast, the much larger Leverage and Inverse category, which accounts for the majority of funds, experienced a weekly decline of 7.26%. Despite the weekly drop, this category maintains a remarkable 169.99% gain year-to-date.
Top & Bottom Underlying Stock Performance (WTD)
| Ticker | Underlying Stock | Week-To-Date Return | Year-To-Date Return | Number of Funds Following Stock |
|---|---|---|---|---|
| Top Performers | ||||
| MRNA | Moderna Inc | 18.57% | 170.46% | 1 |
| COIN | Coinbase Global Inc Shs | 11.02% | -26.82% | 2 |
| AAPL | Apple Inc | 8.76% | 13.53% | 4 |
| GOOG | Alphabet Inc Cap Stk Cl C | 6.42% | 13.51% | 3 |
| META | Meta Platforms Inc | 5.93% | -11.69% | 2 |
| Bottom Performers | ||||
| AMD | Advanced Micro Devices Inc | -0.72% | 141.79% | 1 |
| XOM | Exxonmobil Holdings Corp Com Shs | 0.40% | 13.92% | 1 |
| NVDA | Nvidia Corporation | 1.19% | 4.47% | 8 |
| XYZ | Block Inc | 1.30% | 21.11% | 1 |
| BABA | Alibaba Group Hldg Ltd Sponsored Ads | 1.40% | -34.41% | 1 |
Top & Bottom 5 ETFs by Weekly Performance
Individual fund performance highlighted the extreme volatility inherent in leveraged single-name strategies. The Defiance Daily Target 2x Long AVAV ETF (AVXX) was the week’s top performer, surging by an impressive 82.63%. Other notable gainers included the T-REX 2X Long MSTR Daily Target ETF (MSTU), which climbed 46.26%. On the other end of the spectrum, the Defiance Daily Target 2x Long KEEL ETF (KEEX) registered the steepest decline, falling 43.74% for the week.
| Ticker | Fund Name | WTD Performance |
|---|---|---|
| Top Performers | ||
| AVXX | Defiance Daily Target 2x Long AVAV ETF | 82.63% |
| FGRU | T-REX 2X Long FIGR Daily Target ETF | 54.86% |
| MSTU | T-Rex 2X Long MSTR Daily Target ETF | 46.26% |
| LMNX | Defiance Daily Target 2x Long LMND ETF | 45.64% |
| MSTX | Defiance Daily Target 2x Long MSTR ETF | 45.41% |
| Bottom Performers | ||
| KEEX | Defiance Daily Target 2x Long KEEL ETF | -43.74% |
| CIFG | Leverage Shares 2X Long CIFR Daily ETF | -42.31% |
| RIOX | Defiance Daily Target 2X Long RIOT ETF | -41.52% |
| CIFU | T-REX 2X Long CIFR Daily Target ETF | -41.24% |
| ASTN | Defiance Daily Target 2X Short ASTS ETF | -41.00% |
Analyzing the Weekly Flows
Investors directed a net $738 million into the Single Stock channel this week, showcasing a clear preference for bullish positioning. Levered strategies were the primary beneficiaries, attracting $868 million in fresh capital. Conversely, Inverse funds, which bet against individual stocks, experienced net redemptions totaling $149 million. Options Overlay products also saw modest demand, gathering $19 million in net inflows.
Where the Money Went This Week
| Implementation | Fund Count | AUM | 5 Day | 30 Day | 90 Day | YTD | 1 Year |
|---|---|---|---|---|---|---|---|
| Levered | 348 | $44.91B | $868M | $8,093M | $9,361M | $14,045M | $18,880M |
| Options Overlay | 100 | $7.42B | $19M | $197M | $888M | $372M | $6,643M |
| Autocallable | 8 | $11M | $0M | $1M | $5M | $6M | $6M |
| Currency Hedged | 10 | $32M | $0M | $5M | $3M | $8M | $9M |
| Inverse | 53 | $1.22B | -$149M | -$267M | $542M | $179M | $534M |
Top & Bottom 5 ETFs by 5-Day Flow
At the fund level, flows were concentrated in a few specific technology names. The Tradr 2X Long SNDK Daily ETF (SNXX) led all products, pulling in a significant $325 million. On the other hand, some popular leveraged tech funds saw considerable profit-taking or shifts in sentiment. The Direxion Daily TSLA Bull 2X ETF (TSLL) recorded the largest outflow of the week at $239 million, closely followed by the GraniteShares 2x Long MRVL Daily ETF (MVLL) which shed $233 million.
| Ticker | Fund Name | 5-Day Flow |
|---|---|---|
| Inflows | ||
| SNXX | Tradr 2X Long SNDK Daily ETF | $325M |
| MUU | Direxion Daily MU Bull 2X ETF | $218M |
| SNDU | T-REX 2X Long SNDK Daily Target ETF | $138M |
| AAOX | Tradr 2X Long AAOI Daily ETF | $88M |
| MSFU | Direxion Daily MSFT Bull 2X ETF | $84M |
| Outflows | ||
| TSLL | Direxion Daily TSLA Bull 2X ETF | -$239M |
| MVLL | GraniteShares 2x Long MRVL Daily ETF | -$233M |
| AMDL | GraniteShares 2x Long AMD Daily ETF | -$112M |
| SPCH | Leverage Shares 2X Long SPCX Daily ETF | -$51M |
| AVGX | Defiance Daily Target 2X Long AVGO ETF | -$39M |
Note: the following fund(s) were excluded from the flow totals above because the weekly flow exceeds 75% of the fund’s AUM and may be the result of a custom rebalance: RAM ($827M).
Issuer League Table Update
Direxion and GraniteShares continue to dominate the Single Stock landscape, commanding 33.09% and 20.56% of the market share, respectively. However, Tradr was the week’s biggest asset gatherer, attracting a substantial $661 million in net new money. In contrast, GraniteShares faced the largest redemptions among issuers, with net outflows totaling $199 million for the week.
Top 5 Issuers by AUM
| Brand | Fund Count | AUM | AUM Market Share |
|---|---|---|---|
| Direxion | 52 | $17.97B | 33.09% |
| GraniteShares | 67 | $11.17B | 20.56% |
| Tradr | 62 | $9.09B | 16.74% |
| YieldMax | 40 | $5.91B | 10.89% |
| Defiance | 63 | $2.98B | 5.49% |
Top & Bottom 3 Issuers by 5-Day Flow
| Brand | 5-Day Flow |
|---|---|
| Inflows | |
| Tradr | $661M |
| T-Rex | $168M |
| Direxion | $88M |
| Outflows | |
| GraniteShares | -$199M |
| Defiance | -$57M |
| Simplify | -$1M |
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.
