Weekly Channel Summary
What a week in the Single Stock ETF universe! Traders are navigating massive crosscurrents across the 431 ETFs currently hunting for alpha in the channel. The space now commands a hefty $38 billion in total AUM spread across 16 active issuers. While year-to-date flows remain solidly green at nearly $3.0 billion and the 1-year mark shows a monstrous $16.8 billion influx, this week saw traders aggressively pull chips off the table. The channel suffered a net exodus of -$261 million over the past five days. Let’s dive into who caught the bids and who got dumped.
This Week’s Performance Leaders and Laggards
Quantum computing names absolutely skyrocketed this week! IONQ and D-Wave Quantum took the top spots, delivering explosive 60% and 52% gains, respectively, as traders piled into the next-gen tech narrative. Hims & Hers also staged a massive breakout, surging 48%. On the flip side, EV-maker Lucid Group cratered nearly 15%, while space-communications play AST SpaceMobile and streaming giant Netflix also stumbled, leaving growth traders nursing sudden losses.
Top & Bottom Underlying Stock Performance (WTD)
| Ticker | Underlying Stock | WTD Return | YTD Return | # of Funds |
|---|---|---|---|---|
| Top Performers | ||||
| IONQ | IonQ, Inc. | 60.09% | 2.72% | 4 |
| QBTS | D-Wave Quantum Inc. | 52.21% | -17.06% | 3 |
| HIMS | Hims & Hers Health, Inc. Class A | 48.33% | -11.24% | 3 |
| CRML | Critical Metals Corp. | 41.60% | 80.98% | 2 |
| SMR | NuScale Power Corporation Class A | 37.35% | -10.73% | 3 |
| Bottom Performers | ||||
| LCID | Lucid Group, Inc. | -14.92% | -30.94% | 1 |
| ASTS | AST SpaceMobile, Inc. Class A | -9.87% | 17.76% | 2 |
| NFLX | Netflix, Inc. | -5.53% | 3.79% | 6 |
| PBR | Petroleo Brasileiro SA | -4.93% | 72.57% | 1 |
| SHEL | Shell Plc Sponsored ADR | -4.77% | 20.62% | 1 |
Weekly Performance: The Winners and Losers
If you were holding levered quantum ETFs, congratulations on a face-melting week. GraniteShares’ 2x Long IONQ ETF (IONL) blasted off for a staggering 140% gain, while Defiance’s version (IONX) mirrored the fireworks. The flip side of daily leverage was brutal, though. The bears got caught in a vicious squeeze, with inverse plays like the Defiance 2x Short IONQ ETF (IONZ) getting absolutely obliterated, shedding over 71% of its value in just five days due to compounding losses.
| Ticker | Fund Name | WTD Performance |
|---|---|---|
| Top Performers | ||
| IONL | GraniteShares 2x Long IONQ Daily ETF | 140.11% |
| IONX | Defiance Daily Target 2X Long IONQ ETF | 139.76% |
| QBTX | Tradr 2X Long QBTS Daily ETF | 118.49% |
| HIMZ | Defiance Daily Target 2X Long HIMS ETF | 111.17% |
| CRMX | Tradr 2X Long CRML Daily ETF | 85.74% |
| Bottom Performers | ||
| IONZ | Defiance Daily Target 2x Short IONQ ETF | -71.96% |
| QBTZ | Defiance Daily Target 2x Short QBTS ETF | -67.83% |
| SMZ | Tradr 2X Short SMR Daily ETF | -53.70% |
| RGTZ | Defiance Daily Target 2x Short RGTI ETF | -51.26% |
| BEZ | Tradr 2X Short BE Daily ETF | -49.23% |
Analyzing the Weekly Flows
A clear “risk-off” and profit-taking sentiment swept the channel this week. The Levered category, the undisputed heavyweight with $29 billion in AUM, bled out a massive -$505 million wave of liquidations. Meanwhile, traders piled into Inverse strategies, hungry to short the market, pushing $241 million of fresh capital into bearish bets. Synthetic Income funds stayed relatively flat, barely keeping their heads above water with a tiny $4 million inflow.
Where the Money Went This Week
| Category | Fund Count | AUM | 5 Day | 30 Day | 90 Day | YTD | 1 Year |
|---|---|---|---|---|---|---|---|
| Inverse | 46 | $1,106.0M | $241M | $204M | $19M | -$57M | $1,317M |
| Synthetic Income | 100 | $7,749.4M | $4M | $223M | -$462M | -$571M | $10,387M |
| Currency Hedged | 9 | $19.9M | -$1M | -$4M | -$3M | $3M | $3M |
| Levered | 272 | $29,027.4M | -$505M | $137M | $4,249M | $3,573M | $5,086M |
Flow Leaders & Laggards: The ETF Tale of the Tape
Tradr’s 2X Long AAOI Daily ETF (AAOX) absorbed the biggest influx of cash, hauling in an impressive $147 million. Direxion’s Palantir bull fund (PLTU) also raked it in as traders chased the AI narrative. But the real story is the semiconductor exodus. GraniteShares’ 2x Long NVDA ETF (NVDL) watched a massive $415 million walk out the door, and levered AMD and Micron funds suffered a similar fate as profit-taking hit the chip sector hard.
| Ticker | Fund Name | 5-Day Flow |
|---|---|---|
| Inflows | ||
| AAOX | Tradr 2X Long AAOI Daily ETF | $147M |
| PLTU | Direxion Daily PLTR Bull 2X ETF | $104M |
| LITX | Tradr 2X Long LITE Daily ETF | $83M |
| MSFU | Direxion Daily MSFT Bull 2X ETF | $71M |
| TSLL | Direxion Daily TSLA Bull 2X ETF | $69M |
| Outflows | ||
| NVDL | GraniteShares 2x Long NVDA Daily ETF | -$415M |
| AMDL | GraniteShares 2x Long AMD Daily ETF | -$128M |
| MUU | Direxion Daily MU Bull 2X ETF | -$115M |
| MULL | GraniteShares 2x Long MU Daily ETF | -$104M |
| SNXX | Tradr 2X Long SNDK Daily ETF | -$60M |
Issuer League Table Update
Direxion remains the apex predator in the Single Stock ETF ecosystem, commanding over 30% of the market with $11.5 billion in assets. They also had a stellar week of flows, pulling in $156 million. Tradr punched above its weight class, winning the week’s flow battle with a $176 million haul. Conversely, GraniteShares took a heavy hit, hemorrhaging over half a billion dollars primarily driven by outflows from their massive semiconductor suite.
The Heavyweights: Top 5 Issuers by AUM
| Brand | Fund Count | AUM | AUM Market Share |
|---|---|---|---|
| Direxion | 51 | $11.54B | 30.43% |
| GraniteShares | 58 | $7.97B | 21.03% |
| YieldMax | 41 | $6.26B | 16.52% |
| Tradr | 57 | $4.36B | 11.51% |
| Defiance | 50 | $2.68B | 7.08% |
Weekly Flows: Issuer Edition
| Brand | 5-Day Flow |
|---|---|
| Inflows | |
| Tradr | $176M |
| Direxion | $156M |
| YieldMax | $21M |
| Outflows | |
| GraniteShares | -$527M |
| Leverage Shares | -$49M |
| Defiance | -$34M |
For a deeper dive into these trends, access our FREE, in-depth Thematic 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.
