Weekly Channel Summary
The Single Stock ETF channel remains a hotbed of high-velocity trading action, currently boasting $43B in total AUM across 352 ETFs from 18 diverse issuers. This week, traders were decidedly risk-on, pouring a net $777M into the space. The conviction was clear: capital aggressively rotated into levered bets while simultaneously pulling back from inverse strategies, signaling a broader market optimism. Year-to-date, this channel has absorbed a massive $20.8B, cementing its role as a vital tactical tool for active traders.
This Week’s Performance Leaders and Laggards
It was a week defined by explosive moves in niche disruptors and significant pain for those caught on the wrong side of momentum. Underlying stocks like Lemonade (LMND) and Datadog (DDOG) skyrocketed, rewarding leveraged bulls with outsized gains. Conversely, names like Navitas Semiconductor (NVTS) and Celsius (CELH) cratered, dragging their associated levered ETFs into deep negative territory—a stark reminder of the double-edged sword of magnified exposure.
Top & Bottom 5 Underlying Stock Performance (WTD)
| Underlying Stock | Stock WTD | Levered ETF (WTD) | Inverse ETF (WTD) | Income ETF (WTD) |
|---|---|---|---|---|
| Top Performers | ||||
| Lemonade Inc (LMND) | 24.87% | 44.17% | N/A | N/A |
| Datadog, Inc. (DDOG) | 17.46% | 32.75% | N/A | N/A |
| Rivian Automotive (RIVN) | 12.23% | N/A | N/A | N/A |
| Lyft, Inc. (LYFT) | 7.72% | 14.27% | N/A | N/A |
| Eli Lilly and Company (LLY) | 7.13% | 14.19% | -10.09% | N/A |
| Bottom Performers | ||||
| Navitas Semiconductor (NVTS) | -41.75% | N/A | N/A | N/A |
| NuScale Power Corp (SMR) | -32.38% | -57.56% | N/A | N/A |
| Celsius Holdings, Inc. (CELH) | -31.06% | -58.14% | N/A | N/A |
| Archer Aviation Inc (ACHR) | -27.09% | -48.54% | N/A | N/A |
| Upexi, Inc. (UPXI) | -26.06% | -48.41% | N/A | N/A |
Weekly Performance: The Winners and Losers
The undisputed champion of the week was the Defiance Daily Target 2X Short SMCI ETF (SMCZ), which rocketed an astounding +60.98% as its underlying stock capitulated. On the flip side, the Tradr 2X Long CELH Daily ETF (CELT) and Tradr 2X Long SMR Daily ETF (SMU) suffered brutal losses, both shedding over 57% of their value in just five trading days. It’s critical to remember that daily resets in these products mean performance over time won’t perfectly mirror the underlying stock’s cumulative return due to compounding effects.
| Ticker | Fund Name | WTD Performance |
|---|---|---|
| Top Performers | ||
| SMCZ | Defiance Daily Target 2X Short SMCI ETF | 60.98% |
| CORD | T-REX 2X Inverse CRWV Daily Target ETF | 58.27% |
| RGTZ | Defiance Daily Target 2x Short RGTI ETF | 53.41% |
| LMNX | Defiance Daily Target 2x Long LMND ETF | 44.17% |
| QBTZ | Defiance Daily Target 2x Short QBTS ETF | 42.12% |
| Bottom Performers | ||
| CELT | Tradr 2X Long CELH Daily ETF | -58.14% |
| SMU | Tradr 2X Long SMR Daily ETF | -57.56% |
| SMUP | T-REX 2X Long SMR Daily Target ETF | -57.53% |
| ARCX | Tradr 2X Long ACHR Daily ETF | -48.54% |
| PXIU | T-REX 2X Long UPXI Daily Target ETF | -48.41% |
Analyzing the Weekly Flows
Money talks, and this week it screamed “risk-on.” The channel saw a robust $777M in total net inflows. Traders piled aggressively into Levered strategies, which captured $674M of that total, while Inverse strategies saw a clear exodus, shedding $146M. This divergence paints a clear picture of a market confident in continued upside momentum and willing to pay up for magnified exposure.
Where the Money Went This Week
| Category | Fund Count | AUM | 5 Day | 30 Day | 90 Day | YTD | 1 Year |
|---|---|---|---|---|---|---|---|
| Levered | 186 | $27,354.8M | $674M | $2,665M | $1,607M | $5,676M | $9,162M |
| Synthetic Income | 78 | $13,369.2M | $250M | $1,147M | $2,471M | $13,554M | $16,087M |
| Currency Hedged | 10 | $21.7M | $0M | ($2M) | ($4M) | $11M | $14M |
| Inverse | 41 | $1,496.8M | ($146M) | ($394M) | $355M | $1,642M | $2,114M |
Flow Leaders & Laggards: The ETF Tale of the Tape
Investors absolutely piled into the Direxion Daily META Bull 2X Shares (METU), which absorbed a massive $381M this week, signaling extreme bullish conviction on Meta Platforms. Meanwhile, the Direxion Daily AMZN Bull 2X Shares (AMZU) and GraniteShares 2x Long NVDA Daily ETF (NVDL) faced the heaviest selling pressure, bleeding $199M and $121M respectively as traders likely locked in profits or rotated exposure.
| Ticker | Fund Name | 5-Day Flow |
|---|---|---|
| Inflows | ||
| METU | Direxion Daily META Bull 2X Shares | $381M |
| CONL | GraniteShares 2x Long COIN Daily ETF | $127M |
| PLTU | Direxion Daily PLTR Bull 2X Shares | $88M |
| FBL | GraniteShares 2x Long META Daily ETF | $84M |
| PTIR | GraniteShares 2x Long PLTR Daily ETF | $53M |
| Outflows | ||
| AMZU | Direxion Daily AMZN Bull 2X Shares | ($199M) |
| GraniteShares 2x Long NVDA Daily ETF | GraniteShares 2x Long NVDA Daily ETF | ($121M) |
| MSTY | YieldMax MSTR Option Income Strategy ETF | ($84M) |
| TSLQ | Tradr 2X Short TSLA Daily ETF | ($72M) |
| AMDL | GraniteShares 2x Long AMD Daily ETF | ($46M) |
Issuer League Table Update
The heavyweight battle for Single Stock dominance continues, with Direxion holding the top spot at 28.83% market share, closely followed by YieldMax at 25.43%. Direxion flexed its muscle this week, leading all issuers with $263M in net inflows. Conversely, Tradr found itself at the bottom of the flow charts, seeing net outflows of $20M as traders rotated away from some of their key listings.
The Heavyweights: Top 5 Issuers by AUM
| Brand | Fund Count | AUM | AUM Market Share |
|---|---|---|---|
| Direxion | 46 | $12.25B | 28.83% |
| YieldMax | 38 | $10.81B | 25.43% |
| GraniteShares | 51 | $9.12B | 21.45% |
| T-Rex | 32 | $2.98B | 7.01% |
| Defiance | 40 | $2.90B | 6.83% |
Weekly Flows: Issuer Edition
| Brand | 5-Day Flow |
|---|---|
| Inflows | |
| Direxion | $263M |
| Defiance | $172M |
| Roundhill | $170M |
| Outflows | |
| Tradr | ($20M) |
| Bitwise | ($2M) |
| 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.
