Weekly Channel Summary
Boom! The single-stock ETF channel is officially massive, packing a jaw-dropping $34 billion in AUM across 442 ETFs from 18 ambitious issuers. But this week, traders hit the brakes. We saw a sudden exodus of capital as $169 million bled out over the past five days. Despite the short-term profit-taking, year-to-date flows still sit at a healthy $2.49 billion. Let’s dig into who crushed it, who cratered, and where the smart money is moving right now.
This Week’s Performance Leaders and Laggards
Talk about a rocket ride! Health and wellness disruptor HIMS absolutely skyrocketed this week, lifting its underlying stock by an eye-watering 57% and dragging its levered ETFs to the moon. Tech names also showed muscle, with Nebius Group (NBIS) and Sandisk (SNDK) racking up monster 25%+ gains. On the flip side, managed care provider Centene (CNC) stumbled hard, shedding 21% and taking a severe beating in the single-stock arena.
Top & Bottom Underlying Stock Performance (WTD)
| Ticker | Underlying Stock | WTD Return | YTD Return | Fund Count |
|---|---|---|---|---|
| Top Performers | ||||
| HIMS | Hims & Hers Health, Inc. Class A | 57.37% | -23.71% | 3 |
| NBIS | Nebius Group N.V. Class A | 26.44% | 34.94% | 4 |
| SNDK | Sandisk Corporation | 25.47% | 178.72% | 1 |
| UPXI | Upexi, Inc. | 23.33% | -33.93% | 1 |
| NVTS | Navitas Semiconductor Corporation | 23.17% | 41.46% | 1 |
| Bottom Performers | ||||
| CNC | Centene Corporation | -21.08% | -16.28% | 1 |
| AXON | Axon Enterprise Inc | -13.56% | -12.63% | 1 |
| ADBE | Adobe Inc. | -12.09% | -28.76% | 1 |
| SNAP | Snap, Inc. Class A | -11.63% | -43.49% | 1 |
| RBLX | Roblox Corp. Class A | -11.19% | -30.37% | 1 |
Weekly Performance: The Winners and Losers
The beauty (and terror) of levered single-stock ETFs is the compounding effect. When your underlying stock jumps 57%, your 2x long ETF doesn’t just double it—it goes nuclear. Case in point: HIMZ blasted higher by over 121% in just five days. Meanwhile, the shorts got absolutely scorched betting against Nebius Group, with NBIZ cratering over 44%. This is the raw power of daily resets on full display.
| Ticker | Fund Name | WTD Performance |
|---|---|---|
| Top Performers | ||
| HIMZ | Defiance Daily Target 2X Long HIMS ETF | 121.09% |
| NBIL | GraniteShares 2x Long NBIS Daily ETF | 55.44% |
| NEBX | Tradr 2X Long NBIS Daily ETF | 55.32% |
| NBIG | Leverage Shares 2X Long NBIS Daily ETF | 55.27% |
| SNXX | Tradr 2X Long SNDK Daily ETF | 53.31% |
| Bottom Performers | ||
| NBIZ | Tradr 2X Short NBIS Daily ETF | -44.12% |
| CNCG | Leverage Shares 2X Long CNC Daily ETF | -36.80% |
| AXUP | T-REX 2X Long AXON Daily Target ETF | -31.84% |
| BEZ | Tradr 2X Short BE Daily ETF | -27.40% |
| GEMG | Leverage Shares 2X Long GEMI Daily ETF | -26.48% |
Analyzing the Weekly Flows
Are traders taking chips off the table? The data says yes. The Levered category, usually the darling of the single-stock world, hemorrhaged $191 million this week—a classic “risk-off” or profit-taking maneuver. Interestingly, Synthetic Income funds managed to defy the gravity of the broader selloff, pulling in a cool $60 million as investors hunted for structured yield amidst the volatility.
Where the Money Went This Week
| Category | Fund Count | AUM | 5 Day | 30 Day | 90 Day | YTD | 1 Year |
|---|---|---|---|---|---|---|---|
| Synthetic Income | 101 | $7,582.4M | $60M | ($55M) | ($1,037M) | ($787M) | $11,064M |
| Currency Hedged | 9 | $18.5M | $2M | $3M | ($6M) | $3M | $4M |
| Inverse | 52 | $1,086.2M | ($40M) | ($87M) | ($248M) | ($290M) | $1,380M |
| Levered | 269 | $24,990.9M | ($191M) | $518M | $4,663M | $3,549M | $7,386M |
Flow Leaders & Laggards: The ETF Tale of the Tape
Money talks, and this week it was shouting about Tesla and Micron. Bulls piled heavily into TSLL, injecting a massive $95 million into the fund, while MUU saw a $75 million cash wave. But the pain trade was real in AI land: NVDL suffered a brutal $119 million outflow as traders aggressively booked profits on the semiconductor giant.
| Ticker | Fund Name | 5-Day Flow |
|---|---|---|
| Inflows | ||
| TSLL | Direxion Daily TSLA Bull 2X ETF | $95M |
| MUU | Direxion Daily MU Bull 2X ETF | $75M |
| LITX | Tradr 2X Long LITE Daily ETF | $40M |
| SNXX | Tradr 2X Long SNDK Daily ETF | $32M |
| ASTX | Tradr 2X Long ASTS Daily ETF | $32M |
| Outflows | ||
| NVDL | GraniteShares 2x Long NVDA Daily ETF | ($119M) |
| GGLL | Direxion Daily GOOGL Bull 2X ETF | ($56M) |
| PLTU | Direxion Daily PLTR Bull 2X ETF | ($48M) |
| AMDL | GraniteShares 2x Long AMD Daily ETF | ($34M) |
| PTIR | GraniteShares 2x Long PLTR Daily ETF | ($32M) |
Issuer League Table Update
The heavyweight battle for single-stock supremacy continues. Direxion maintains its iron grip on the top spot with over $10.5 billion in AUM, commanding nearly a third of the entire market. But the weekly flow war is where the real drama lives. Tradr crushed the competition this week, reeling in $86 million in fresh assets, while GraniteShares took it on the chin, shedding a painful $205 million.
The Heavyweights: Top 5 Issuers by AUM
| Brand | Fund Count | AUM | AUM Market Share |
|---|---|---|---|
| Direxion | 55 | $10.59B | 31.42% |
| GraniteShares | 58 | $7.70B | 22.86% |
| YieldMax | 41 | $6.12B | 18.16% |
| Tradr | 53 | $2.46B | 7.30% |
| Defiance | 50 | $2.27B | 6.72% |
Weekly Flows: Issuer Edition
| Brand | 5-Day Flow |
|---|---|
| Inflows | |
| Tradr | $86M |
| YieldMax | $60M |
| Leverage Shares | $14M |
| Outflows | |
| GraniteShares | -$205M |
| Defiance | -$60M |
| T-Rex | -$59M |
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.
