Macro Summary
The trading session concluded with muted overall activity, as total market volume reached $324.06B, representing just 88% of the 30-day average. Non-Traditional, Currencies, and Multi-Asset ETF classes saw elevated interest, while broader Equity and Fixed Income markets remained subdued.
| Asset Class | Volume | 30D Avg. | % of 30D Avg. |
|---|---|---|---|
| Equity | $213.54B | $252.07B | 85% |
| Fixed Income | $39.30B | $42.73B | 92% |
| Commodities | $16.96B | $20.40B | 83% |
| Digital Asset | $4.32B | $5.39B | 80% |
| Currencies | $237.71M | $181.09M | 131% |
| Alternatives | $1.69B | $2.03B | 83% |
| Non-Traditional | $47.71B | $46.29B | 103% |
| Multi-Asset | $307.69M | $259.14M | 119% |
Equity
Equity ETF volume totaled $213.54B, trailing the 30-day average at 85%. Thematic Evolving Consumer and U.S. Small Cap Growth segments drove the localized high-volume action, pushing into positive territory amid an otherwise balanced session.
High-Volume Categories
| Category | Activity vs ADV | $ Volume | 1-Day Return |
|---|---|---|---|
| Equity: Thematic – Evolving Consumer | 132% | $910.62M | +2.96% |
| Equity: U.S. Small Cap – Growth | 126% | $401.79M | +3.19% |
High-Activity Ticker Outliers
| Ticker | Name | Activity vs ADV | $ Volume | 1D Return |
|---|---|---|---|---|
| IMFL | Invesco International Developed Dynamic Multifactor ETF | 1149% | $32.57M | +3.20% |
| FYX | First Trust Small Cap Core Alphadex Fund | 1050% | $33.82M | +2.50% |
| DTH | WisdomTree International High Dividend Fund | 880% | $27.85M | +2.67% |
| EUSA | iShares MSCI USA Equal Weighted ETF | 686% | $27.47M | +2.30% |
| IWLG | NYLI Winslow Large Cap Growth ETF | 567% | $17.98M | +2.99% |
| RPV | Invesco S&P 500 Pure Value ETF | 508% | $87.44M | +0.83% |
| FLKR | Franklin FTSE South Korea ETF | 461% | $126.42M | +9.58% |
| FLTW | Franklin FTSE Taiwan ETF | 434% | $88.01M | +6.45% |
| DIVB | iShares Core Dividend ETF | 427% | $23.63M | +1.72% |
| FLJP | Franklin FTSE Japan ETF | 411% | $259.40M | +4.64% |
Fixed Income
Fixed Income trading was balanced but below average, logging $39.30B in volume (92% of ADV). Interest Rate Volatility products experienced a dramatic surge, trading at 331% of normal levels.
High-Volume Categories
| Category | Activity vs ADV | $ Volume | 1-Day Return |
|---|---|---|---|
| Fixed Income: Specialty – Interest Rate Volatility | 331% | $238.52M | -0.18% |
| Fixed Income: Municipal – Single State | 135% | $133.64M | +0.31% |
| Fixed Income: Municipal – Intermediate | 130% | $1.43B | +0.28% |
High-Activity Ticker Outliers
| Ticker | Name | Activity vs ADV | $ Volume | 1D Return |
|---|---|---|---|---|
| IVOL | KraneShares Quadratic Interest Rate Volatility and Inflation Hedge ETF | 2487% | $120.79M | -0.30% |
| GOVI | Invesco Equal Weight 0-30 Year Treasury ETF | 1987% | $152.31M | +0.30% |
| FLHY | Franklin High Yield Corporate ETF | 1950% | $134.15M | +0.62% |
| IFLN | Invesco Bloomberg Enhanced Fallen Angels ETF | 1933% | $65.37M | +0.74% |
| HYS | PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund | 581% | $73.55M | +0.71% |
| ULST | State Street Ultra Short Term Bond ETF | 564% | $24.21M | +0.02% |
| LDUR | PIMCO Enhanced Low Duration Active ETF | 516% | $49.12M | +0.13% |
| PCY | Invesco Emerging Markets Sovereign Debt ETF | 425% | $39.74M | +1.38% |
| YEAR | AB Ultra Short Income ETF | 410% | $35.50M | -0.01% |
| IBD | Inspire Corporate Bond ETF | 362% | $11.63M | +0.15% |
Commodities
Commodities saw a quiet session with $16.96B in volume (83% of ADV). Broad Market strategies dominated the elevated activity segments but suffered notable losses.
High-Volume Categories
| Category | Activity vs ADV | $ Volume | 1-Day Return |
|---|---|---|---|
| Commodity: Multi-Sector – Broad Market | 157% | $772.36M | -2.35% |
| Commodity: Focused – Agriculture | 126% | $142.98M | -0.90% |
High-Activity Ticker Outliers
| Ticker | Name | Activity vs ADV | $ Volume | 1D Return |
|---|---|---|---|---|
| PALL | abrdn Physical Palladium Shares ETF | 224% | $87.51M | +7.09% |
| DBC | Invesco DB Commodity Index Tracking Fund | 189% | $96.84M | -3.03% |
| BCI | abrdn Bloomberg All Commodity Strategy K-1 Free ETF | 185% | $88.72M | -3.92% |
| GSG | iShares S&P GSCI Commodity Indexed Trust | 178% | $91.68M | -5.31% |
| CMDY | iShares Bloomberg Roll Select Commodity Strategy ETF | 167% | $8.56M | -3.40% |
| PDBC | Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF | 164% | $319.66M | -2.80% |
| HGER | Harbor Commodity All-Weather Strategy ETF | 159% | $67.22M | -1.37% |
Digital Asset
Digital Asset ETFs recorded a muted session with $4.32B in volume (80% of ADV). Despite the low relative turnover, the asset class posted strong positive returns across its categories.
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 experienced an anomalous session, trading $237.71M to reach 131% of their 30-day average, ending with modest positive returns.
High-Volume Categories
| Category | Activity vs ADV | $ Volume | 1-Day Return |
|---|---|---|---|
| Currency | 131% | $237.71M | +0.24% |
High-Activity Ticker Outliers
No items met the inclusion criteria for this session.
Alternatives
Alternative strategies posted a quiet session with $1.69B in volume (83% of ADV), weighed down by significant negative returns in Volatility-focused segments.
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 ETFs were among the most active, trading $47.71B to slightly exceed their 30-day average (103%). Leverage and Inverse Single Stock products drove significant outlier activity.
High-Volume Categories
No items met the inclusion criteria for this session.
High-Activity Ticker Outliers
| Ticker | Name | Activity vs ADV | $ Volume | 1D Return |
|---|---|---|---|---|
| METU | Direxion Daily META Bull 2X ETF | 320% | $251.09M | +13.09% |
| FTQI | First Trust Nasdaq BuyWrite Income ETF | 269% | $12.04M | +2.02% |
| SDVD | FT Vest SMID Rising Dividend Achievers Target Income ETF | 257% | $10.63M | +3.01% |
| DGP | DB Gold Double Long Exchange Traded Notes | 256% | $56.38M | -0.12% |
| KNG | FT Vest S&P 500 Dividend Aristocrats Target Income ETF | 241% | $38.26M | +1.99% |
| ROM | ProShares Ultra Technology | 191% | $6.22M | +6.58% |
| SCO | ProShares UltraShort Bloomberg Crude Oil | 187% | $644.35M | +2.59% |
| USD | ProShares Ultra Semiconductors | 182% | $75.28M | +8.44% |
| TSMX | Direxion Daily TSM Bull 2X ETF | 171% | $74.60M | +12.11% |
| QQA | Invesco QQQ Income Advantage ETF | 170% | $10.01M | +2.14% |
Multi-Asset
Multi-Asset ETFs logged elevated interest, generating $307.69M in volume to hit 119% of their typical average. Real Assets and Multi-Asset Income strategies featured prominently among the 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 |
|---|---|---|---|---|
| RLY | State Street Multi-Asset Real Return ETF | 286% | $26.21M | +0.41% |
| RSSB | Return Stacked Global Stocks & Bonds ETF | 272% | $7.27M | +3.09% |
| HECA | Hedgeye Capital Allocation ETF | 193% | $22.54M | -2.11% |
| YYY | Amplify CEF High Income ETF | 167% | $8.64M | +1.58% |
