Weekly Channel Summary
The Single Stock ETF channel continues its relentless expansion, crashing through the $51B AUM milestone across a whopping 453 funds and 15 issuers. But what’s truly staggering is the sheer velocity of the capital entering this space: investors piled $950M into these geared and yield-focused vehicles over just the last five days. That pushes the 30-day net flow to an impressive $1.73B and the Year-To-Date haul to $5.03B. The appetite for magnified single-stock exposure has never been hungrier.
This Week’s Performance Leaders and Laggards
This week’s underlying stock action was a masterclass in massive sector rotation. Optics, networking, and space themes completely stole the show, with Applied Optoelectronics (AAOI) skyrocketing nearly 28% for the week, cementing an absurd +446% YTD gain. Redwire (RDW) and Nebius Group (NBIS) also posted monstrous 24%+ weekly pops. On the flip side, the bears took a heavy toll on fintech and nuclear energy names, with Bullish (BLSH) cratering over -18% and Oklo (OKLO) plunging -14%, dragging down the funds tracking them.
Top & Bottom Underlying Stock Performance (WTD)
| Ticker | Underlying Stock | Week-To-Date Return | Year-To-Date Return | Number of Funds Following Stock |
|---|---|---|---|---|
| Top Performers | ||||
| AAOI | Applied Optoelectronics, Inc. | 27.81% | 446.07% | 1 |
| RDW | Redwire Corp | 27.01% | 85.00% | 1 |
| NBIS | Nebius Group N.V. Class A | 24.22% | 162.76% | 4 |
| CSCO | Cisco Systems, Inc. | 22.41% | 55.11% | 2 |
| PLUG | Plug Power Inc. | 21.15% | 91.88% | 1 |
| Bottom Performers | ||||
| BLSH | Bullish | -18.32% | -5.84% | 1 |
| RKT | Rocket Companies, Inc. Class A | -14.91% | -31.04% | 1 |
| OKLO | Oklo Inc. Class A | -14.15% | -13.25% | 2 |
| UUUU | Energy Fuels Inc. | -13.89% | 26.62% | 1 |
| CVNA | Carvana Co. Class A | -13.82% | -20.42% | 2 |
Weekly Performance: The Winners and Losers
When the underlying stocks rip, the leveraged ETFs absolutely roar. RDWU (tracking Redwire) delivered a staggering +53.37% over just five days, thanks to compounding and a wildly strong week for the space stock. Close behind were NBIL and NEBX, each pulling down roughly 50% returns for traders on the right side of the tape. Conversely, inverse bets against high-flyers like NBIS proved utterly lethal, with NBIZ cratering -42.00% in the same period.
| Ticker | Fund Name | WTD Performance |
|---|---|---|
| Top Performers | ||
| RDWU | T-REX 2X Long RDW Daily Target ETF | 53.37% |
| NBIL | GraniteShares 2x Long NBIS Daily ETF | 49.98% |
| NEBX | Tradr 2X Long NBIS Daily ETF | 49.96% |
| NBIG | Leverage Shares 2X Long NBIS Daily ETF | 49.87% |
| CSCL | Direxion Daily CSCO Bull 2X ETF | 47.22% |
| Bottom Performers | ||
| NBIZ | Tradr 2X Short NBIS Daily ETF | -42.00% |
| BLSG | Leverage Shares 2X Long BLSH Daily ETF | -34.60% |
| RKLZ | Defiance Daily Target 2x Short RKLB ETF | -34.40% |
| RKTL | Defiance Daily Target 2X Long RKT ETF | -29.03% |
| ASTN | Defiance Daily Target 2X Short ASTS ETF | -28.44% |
Analyzing the Weekly Flows
The verdict from traders is clear: Risk is absolutely ON. Levered funds dominated the flow board, raking in a massive $661M across 271 products, significantly outpacing every other category. Inverse funds saw modest inflows of $87M as traders tried to time the top on high-fliers, while Synthetic Income products picked up $77M from yield-hungry investors looking to harvest option premiums. The persistent momentum into Levered ETFs suggests traders are highly confident in continued market upside and are utilizing single-stock vehicles to maximize those bets.
Where the Money Went This Week
| Category | Fund Count | AUM | 5 Day Flow | 30 Day Flow | 90 Day Flow | YTD Flow | 1 Year Flow |
|---|---|---|---|---|---|---|---|
| Levered | 271 | $41,159.6M | $661M | $877M | $1,815M | $4,846M | $7,999M |
| Inverse | 48 | $1,121.3M | $87M | $375M | $473M | $268M | $934M |
| Synthetic Income | 103 | $8,441.5M | $77M | $325M | $482M | -$250M | $9,234M |
| Currency Hedged | 9 | $22.3M | $0M | -$1M | $3M | $3M | $7M |
Flow Leaders & Laggards: The ETF Tale of the Tape
Looking under the hood, Micron and Sandisk levered bulls won big. Traders aggressively deployed capital into MUU, capturing an eye-popping $494M, while SNXX scooped up $344M. On the other end of the spectrum, the Tesla faith wavered; investors pulled a massive -$254M out of the TSLL bull fund. Tech heavyweights like Rocket Lab (RKLX) and Intel (INTW) also saw significant cash exits as traders presumably took profits.
| Ticker | Fund Name | 5-Day Flow |
|---|---|---|
| Inflows | ||
| MUU | Direxion Daily MU Bull 2X ETF | $494M |
| SNXX | Tradr 2X Long SNDK Daily ETF | $344M |
| AAOX | Tradr 2X Long AAOI Daily ETF | $175M |
| GGLL | Direxion Daily GOOGL Bull 2X ETF | $88M |
| LINT | Direxion Daily INTC Bull 2X ETF | $56M |
| Outflows | ||
| TSLL | Direxion Daily TSLA Bull 2X ETF | -$254M |
| RKLX | Defiance Daily Target 2X Long RKLB ETF | -$152M |
| INTW | GraniteShares 2x Long INTC Daily ETF | -$140M |
| LITX | Tradr 2X Long LITE Daily ETF | -$119M |
| IONX | Defiance Daily Target 2X Long IONQ ETF | -$68M |
Issuer League Table Update
The single stock ETF heavyweight title remains firmly with Direxion, commanding over 31% of the market with a massive $15.95B asset base. GraniteShares and YieldMax complete the top three. But the real story this week is the flow fight. Tradr absolutely dominated the field, vacuuming up $539M in net new money in just five days. Meanwhile, GraniteShares, despite its second-place market share rank, bled the most assets, coughing up nearly -$100M as traders reallocated.
The Heavyweights: Top 5 Issuers by AUM
| Brand | Fund Count | AUM | AUM Market Share |
|---|---|---|---|
| Direxion | 51 | $15.95B | 31.22% |
| GraniteShares | 65 | $11.36B | 22.24% |
| YieldMax | 41 | $6.83B | 13.36% |
| Tradr | 58 | $6.72B | 13.16% |
| Defiance | 55 | $3.79B | 7.43% |
Weekly Flows: Issuer Edition
| Brand | 5-Day Flow |
|---|---|
| Inflows | |
| Tradr | $539M |
| Direxion | $407M |
| Leverage Shares | $115M |
| Outflows | |
| GraniteShares | -$99M |
| Defiance | -$74M |
| T-Rex | -$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.
