Macro Summary
Total market volume reached $251.90B during the session, registering at 70% of the trailing 30-day average. The broader market exhibited a muted and balanced trading environment across most major asset classes, with localized anomalous activity largely isolated to fixed income corporate targets, specific energy commodities, and leveraged thematic single-stock plays.
| Asset Class | Volume | 30D Avg. | % of 30D Avg. |
|---|---|---|---|
| Equity | $165.32B | $250.06B | 66% |
| Fixed Income | $33.60B | $36.51B | 92% |
| Commodities | $13.00B | $19.16B | 68% |
| Digital Asset | $4.76B | $6.46B | 74% |
| Currencies | $150.78M | $143.06M | 105% |
| Alternatives | $1.19B | $1.81B | 66% |
| Non-Traditional | $33.68B | $45.52B | 74% |
| Multi-Asset | $206.70M | $267.72M | 77% |
Equity
Equity volume totaled $165.32B, trailing the 30-day average at 66% relative activity. The session remained broadly subdued without top-level category breakouts, though idiosyncratic momentum and European exposures triggered notable spikes in specific large-cap ticker outliers.
High-Volume Categories
No items met the inclusion criteria for this session.
High-Activity Ticker Outliers
| Ticker | Name | Activity vs ADV | $ Volume | 1D Return |
|---|---|---|---|---|
| SPEU | State Street SPDR Portfolio Europe ETF | 1880% | $77.14M | +0.53% |
| KCE | State Street SPDR S&P Capital Markets ETF | 806% | $26.34M | +1.50% |
| LSGR | Natixis Loomis Sayles Focused Growth ETF | 453% | $29.46M | +0.08% |
| AFLG | First Trust Active Factor Large Cap ETF | 427% | $13.52M | +0.56% |
| JMOM | JPMorgan U.S. Momentum Factor ETF | 408% | $27.13M | +0.45% |
| FTGS | First Trust Growth Strength ETF | 305% | $16.36M | +0.31% |
| EWQ | iShares MSCI France ETF | 266% | $53.44M | +0.48% |
| EPI | WisdomTree India Earnings Fund | 249% | $96.20M | -0.18% |
| CLSE | Convergence Long/Short Equity ETF | 243% | $6.62M | +1.05% |
| USXF | iShares ESG Advanced MSCI USA ETF | 242% | $10.11M | +0.02% |
Fixed Income
Fixed Income captured $33.60B in aggregate volume, finishing closer to historical norms at 92% of its average. Taxable Corporate exposures experienced meaningful outperformance in activity metrics relative to broader core aggregates.
High-Volume Categories
| Category | Activity vs ADV | $ Volume | 1-Day Return |
|---|---|---|---|
| Fixed Income: Taxable – Corporate | 140% | $9.10B | +0.40% |
High-Activity Ticker Outliers
| Ticker | Name | Activity vs ADV | $ Volume | 1D Return |
|---|---|---|---|---|
| BKAG | BNY Mellon Core Bond ETF | 1549% | $79.50M | +0.26% |
| HYBB | iShares BB Rated Corporate Bond ETF | 1167% | $33.67M | +0.45% |
| BKUI | BNY Mellon Ultra Short Income ETF | 493% | $39.68M | 0.00% |
| MLN | VanEck Long Muni ETF | 404% | $18.57M | +0.06% |
| HYDB | iShares High Yield Systematic Bond ETF | 380% | $45.55M | +0.42% |
| MEAR | iShares Short Maturity Municipal Bond Active ETF | 366% | $24.75M | +0.03% |
| INMU | iShares Intermediate Muni Income Active ETF | 294% | $9.04M | -0.04% |
| VTC | Vanguard Total Corporate Bond ETF | 293% | $25.97M | +0.48% |
| BILZ | PIMCO Ultra Short Government Active Exchange-Traded Fund | 289% | $102.09M | +0.01% |
| TFLR | T. Rowe Price Floating Rate ETF | 281% | $18.39M | -0.09% |
Commodities
Commodity ETFs traded $13.00B, operating at 68% of the 30-day average. The overarching subdued trend masked concentrated, anomalous strength in Energy-focused exposures, which outperformed the space in volume multiples.
High-Volume Categories
| Category | Activity vs ADV | $ Volume | 1-Day Return |
|---|---|---|---|
| Commodity: Focused – Energy | 134% | $4.98B | +2.04% |
High-Activity Ticker Outliers
No items met the inclusion criteria for this session.
Digital Asset
Digital Assets generated $4.76B in overall volume, representing 74% of normal activity as directional trading cooled off relative to typical historical pacing across major protocols.
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
Currency ETFs recorded $150.78M in volume, coming in slightly elevated at 105% against the 30-day moving baseline. Activity coalesced around direct bullish US Dollar exposure.
High-Volume Categories
No items met the inclusion criteria for this session.
High-Activity Ticker Outliers
| Ticker | Name | Activity vs ADV | $ Volume | 1D Return |
|---|---|---|---|---|
| UUP | Invesco DB US Dollar Index Bullish Fund | 155% | $88.29M | -0.23% |
Alternatives
Alternative strategies processed $1.19B in trading volume, tracking below standard levels at 66% relative activity with flat execution across major absolute return and event-driven subsets.
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.
Non-Traditional
Non-Traditional products handled $33.68B in volume, hitting 74% of typical activity metrics. Despite average overall throughput, specific highly leveraged single-stock products exhibited massive volume displacement.
High-Volume Categories
No items met the inclusion criteria for this session.
High-Activity Ticker Outliers
| Ticker | Name | Activity vs ADV | $ Volume | 1D Return |
|---|---|---|---|---|
| DDM | ProShares Ultra Dow30 | 373% | $66.10M | +0.22% |
| BMNU | T-REX 2X Long BMNR Daily Target ETF | 245% | $514.95M | -0.58% |
| MSTX | Defiance Daily Target 2x Long MSTR ETF | 172% | $370.08M | +4.46% |
| IWMI | NEOS Russell 2000 High Income ETF | 160% | $36.46M | +0.62% |
| MUU | Direxion Daily MU Bull 2X ETF | 158% | $608.83M | +9.53% |
Multi-Asset
Multi-Asset funds saw $206.70M in transactions, equating to 77% of average activity for the session without meaningful structural category shifts.
High-Volume Categories
No items met the inclusion criteria for this session.
High-Activity Ticker Outliers
| Ticker | Name | Activity vs ADV | $ Volume | 1D Return |
|---|---|---|---|---|
| ALLW | State Street Bridgewater All Weather ETF | 153% | $44.15M | +0.45% |
