Weekly Channel Summary
The Single Stock ETF channel kicked off the year with a volatile mix of “risk-off” selling in the majors and explosive “risk-on” buying in niche themes. Total assets settled at $38 Billion across 407 ETFs from 17 Issuers. Despite the long-term trend remaining positive, traders took chips off the table this week, resulting in net outflows of ($403M). The 1-year flow picture remains robust at +$24.2B, but the immediate sentiment signaled a pause in the leverage party for big tech.
This Week’s Performance Leaders and Laggards
Defense and Energy stocks absolutely skyrocketed this week, leaving the usual tech darlings in the dust. Kratos Defense and AeroVironment surged over 40%, fueled by heightened geopolitical tensions and renewed sector rotation. Meanwhile, the clean energy trade roared back to life with Bloom Energy and nuclear play Oklo posting massive double-digit gains. On the flip side, eToro and NIO faced steep selling pressure, while semiconductor giant AMD stumbled, dragging down sentiment across the chip complex.
Top & Bottom Underlying Stock Performance (WTD)
| Ticker | Underlying Stock | Week-To-Date Return | Year-To-Date Return | Number of Funds Following Stock |
|---|---|---|---|---|
| Top Performers | ||||
| KTOS | Kratos Defense & Security Solutions, Inc. | 43.40% | 49.78% | 1 |
| AVAV | AeroVironment, Inc. | 42.47% | 50.89% | 1 |
| BE | Bloom Energy Corporation Class A | 35.85% | 54.30% | 2 |
| OKLO | Oklo Inc. Class A | 35.36% | 46.75% | 2 |
| APLD | Applied Digital Corporation | 34.04% | 53.67% | 1 |
| Bottom Performers | ||||
| ETOR | eToro Group Ltd. Class A | -11.38% | -9.99% | 1 |
| NIO | NIO Inc. Sponsored ADR Class A | -9.73% | -9.02% | 1 |
| RBLX | Roblox Corp. Class A | -9.49% | -9.58% | 1 |
| ALAB | Astera Labs, Inc. | -9.44% | -2.25% | 1 |
| AMD | Advanced Micro Devices, Inc. | -9.08% | -5.13% | 9 |
Weekly Performance: The Winners and Losers
The leverage effect was on full display this week. KTUP was the undisputed king, nearly doubling in value as Kratos Defense rallied, showcasing the explosive power of 2x leverage in a breakout tape. On the downside, betting against the nuclear renaissance was a painful trade, with OKLS (Short Oklo) cratering over 50% in just five days.
| Ticker | Fund Name | WTD Performance |
|---|---|---|
| Top Performers | ||
| KTUP | T-REX 2X Long KTOS Daily Target ETF | 97.61% |
| AVXX | Defiance Daily Target 2x Long AVAV ETF | 95.98% |
| BEX | Tradr 2X Long BE Daily ETF | 79.59% |
| BEG | Leverage Shares 2x Long BE Daily ETF | 79.41% |
| OKLL | Defiance Daily Target 2x Long OKLO ETF | 77.59% |
| Bottom Performers | ||
| OKLS | Defiance Daily Target 2X Short OKLO ETF | -51.58% |
| RKLZ | Defiance Daily Target 2x Short RKLB ETF | -23.04% |
| ETRL | GraniteShares 2x Long ETOR Daily ETF | -22.20% |
| LABX | Tradr 2X Long ALAB Daily ETF | -19.13% |
| NIOG | Leverage Shares 2X Long NIO Daily ETF | -19.06% |
Analyzing the Weekly Flows
Sentiment shifted decisively into “Risk Off” territory this week, or perhaps more accurately, “Profit Taking.” Every major category saw red, but the Levered bucket bled the most, shedding $320M as traders reduced exposure to high-beta names. Even Income strategies weren’t spared, signaling a broad-based retreat to the sidelines.
Where the Money Went This Week
| Category | Fund Count | AUM | 5 Day | 30 Day | 90 Day | YTD | 1 Year |
|---|---|---|---|---|---|---|---|
| Currency Hedged | 10 | $19.4M | $2M | ($5M) | ($6M) | $2M | $7M |
| Inverse | 46 | $1,297.9M | ($34M) | ($43M) | ($623M) | ($52M) | $1,405M |
| Synthetic Income | 101 | $10,015.6M | ($51M) | ($305M) | $2,211M | ($112M) | $14,110M |
| Levered | 244 | $26,210.7M | ($320M) | ($131M) | $5,564M | ($851M) | $8,669M |
Flow Leaders & Laggards: The ETF Tale of the Tape
The Tesla trade is back with a vengeance—TSLL pulled in a massive $423M this week, proving that conviction in Musk remains high despite broader volatility. In stark contrast, Nvidia bulls seem to be experiencing exhaustion; NVDL saw a staggering $321M walk out the door, the heaviest bleed in the channel.
| Ticker | Fund Name | 5-Day Flow |
|---|---|---|
| Inflows | ||
| TSLL | Direxion Daily TSLA Bull 2X Shares | $423M |
| PLTU | Direxion Daily PLTR Bull 2X Shares | $40M |
| RGTZ | Defiance Daily Target 2x Short RGTI ETF | $26M |
| TSLY | YieldMax TSLA Option Income Strategy ETF | $23M |
| RKLZ | Defiance Daily Target 2x Short RKLB ETF | $22M |
| Outflows | ||
| NVDL | GraniteShares 2x Long NVDA Daily ETF | ($321M) |
| GGLL | Direxion Daily GOOGL Bull 2X Shares | ($83M) |
| TSLR | GraniteShares 2x Long TSLA Daily ETF | ($80M) |
| ASTX | Tradr 2X Long ASTS Daily ETF | ($78M) |
| TSLQ | Tradr 2X Short TSLA Daily ETF | ($66M) |
Issuer League Table Update
Direxion solidified its dominance this week, commanding over 30% of market share and winning the flow war with a healthy $244M intake. GraniteShares took a heavy hit on the chin, with over $400M in outflows, largely driven by the sharp reversal in Nvidia sentiment.
The Heavyweights: Top 5 Issuers by AUM
| Brand | Fund Count | AUM | AUM Market Share |
|---|---|---|---|
| Direxion | 51 | $11.35B | 30.23% |
| GraniteShares | 56 | $8.33B | 22.17% |
| YieldMax | 41 | $7.83B | 20.85% |
| Defiance | 49 | $2.90B | 7.73% |
| T-Rex | 33 | $2.60B | 6.92% |
Weekly Flows: Issuer Edition
| Brand | 5-Day Flow |
|---|---|
| Inflows | |
| Direxion | $244M |
| Leverage Shares | $41M |
| Defiance | $18M |
| Outflows | |
| GraniteShares | ($428M) |
| Tradr | ($157M) |
| Roundhill | ($50M) |
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.
