Macro Summary
Overall market activity was muted in the latest session, recording $223.7B in total volume—representing just 72% of the 30-day average. Non-Traditional ETFs were the sole bright spot in terms of engagement, operating at 110% of their typical daily volume. Meanwhile, broader Equities and Fixed Income remained relatively quiet, trading at 68% and 62% of their respective average daily volumes.
| Asset Class | Volume | 30D Avg. | % of 30D Avg. |
|---|---|---|---|
| Equity | $141.6B | $207.4B | 68% |
| Fixed Income | $22.9B | $36.8B | 62% |
| Commodities | $7.0B | $16.1B | 43% |
| Digital Asset | $3.1B | $4.8B | 65% |
| Currencies | $104.4M | $172.4M | 61% |
| Alternatives | $1.2B | $1.6B | 72% |
| Non-Traditional | $47.6B | $43.4B | 110% |
| Multi-Asset | $161.7M | $230.1M | 70% |
Equity
Equity markets experienced lighter-than-usual trading, tallying $141.6B in volume (68% of ADV). Despite the muted volume, thematic spaces like Infrastructure and Evolving Consumer saw concentrated interest, alongside the Information Technology sector.
High-Volume Categories
| Category | Activity vs ADV | $ Volume | 1-Day Return |
|---|---|---|---|
| Equity: Thematic – Infrastructure | 163% | $852.0M | +0.07% |
| Equity: Thematic – Evolving Consumer | 135% | $801.2M | +1.47% |
| Equity: Sector – Information Technology | 134% | $14.8B | +3.14% |
High-Activity Ticker Outliers
| Ticker | Name | Activity vs ADV | $ Volume | 1D Return |
|---|---|---|---|---|
| RSPN | Invesco S&P 500 Equal Weight Industrials ETF | 3868% | $322.6M | -0.83% |
| FLCA | Franklin FTSE Canada ETF | 468% | $15.5M | +0.04% |
| GRID | First Trust Nasdaq Clean Edge Smart GRID Infrastructure Index | 359% | $387.6M | +1.23% |
| TPYP | Tortoise North American Pipeline ETF | 332% | $25.9M | +0.23% |
| SOXQ | Invesco PHLX Semiconductor ETF | 330% | $209.9M | +4.20% |
| VIOG | Vanguard S&P Small-Cap 600 Growth ETF | 323% | $8.2M | +0.72% |
| PWV | Invesco Large Cap Value ETF | 305% | $13.3M | -0.55% |
| FDN | First Trust Dow Jones Internet Index Fund | 289% | $350.7M | +1.23% |
| WTV | WisdomTree US Value Fund of Benef Interest | 280% | $61.6M | -0.03% |
| XSD | State Street SPDR S&P Semiconductor ETF | 279% | $44.5M | +6.34% |
Fixed Income
Fixed Income volume was subdued at $22.9B (62% of ADV). Despite the quiet tone, Securitized bonds managed to trade at 135% of their typical daily volume, revealing targeted allocations in an otherwise slow session.
High-Volume Categories
| Category | Activity vs ADV | $ Volume | 1-Day Return |
|---|---|---|---|
| Fixed Income: Taxable – Securitized | 135% | $657.9M | +0.17% |
High-Activity Ticker Outliers
| Ticker | Name | Activity vs ADV | $ Volume | 1D Return |
|---|---|---|---|---|
| AGGH | Simplify Aggregate Bond ETF | 980% | $38.0M | +0.07% |
| BBAG | JPMorgan BetaBuilders U.S. Aggregate Bond ETF | 759% | $37.2M | +0.12% |
| TUSI | Touchstone Ultra Short Income ETF | 483% | $24.8M | +0.04% |
| JSCP | JPMorgan Short Duration Core Plus ETF | 371% | $28.7M | +0.11% |
| SPAB | State Street SPDR Portfolio Aggregate Bond ETF | 259% | $289.6M | +0.08% |
| JSI | Janus Henderson Securitized Income ETF | 253% | $16.2M | +0.16% |
| MBB | iShares MBS ETF | 203% | $470.5M | +0.17% |
| PZA | Invesco National AMT-Free Municipal Bond ETF | 193% | $75.3M | +0.06% |
| TDTT | FlexShares iBoxx 3 Year Target Duration TIPS Index Fund | 180% | $8.9M | +0.21% |
| TAFM | AB Tax-Aware Intermediate Municipal ETF | 175% | $4.5M | +0.14% |
Commodities
Commodities registered a highly quiet session, processing just $7.0B in volume (43% of ADV). Broad market participation was sparse across the board.
High-Volume Categories
No items met the inclusion criteria for this session.
High-Activity Ticker Outliers
| Ticker | Name | Activity vs ADV | $ Volume | 1D Return |
|---|---|---|---|---|
| PDBA | Invesco Agriculture Commodity Strategy No K-1 ETF | 320% | $29.5M | -0.12% |
| DBB | Invesco DB Base Metals Fund | 165% | $18.7M | +0.08% |
Digital Asset
The Digital Asset class remained below typical trading ranges, with volume coming in at $3.1B (65% of ADV) alongside generally positive daily returns.
High-Volume Categories
No items met the inclusion criteria for this session.
High-Activity Ticker Outliers
| Ticker | Name | Activity vs ADV | $ Volume | 1D Return |
|---|---|---|---|---|
| BSOL | Bitwise Solana Staking ETF | 184% | $45.5M | +1.35% |
Currencies
Currency ETFs were quiet on the day with $104.4M trading hands, representing 61% of their 30-day average volume.
High-Volume Categories
No items met the inclusion criteria for this session.
High-Activity Ticker Outliers
| Ticker | Name | Activity vs ADV | $ Volume | 1D Return |
|---|---|---|---|---|
| FXF | Invesco CurrencyShares Swiss Franc Trust | 197% | $20.5M | +0.20% |
Alternatives
Alternative strategies recorded a muted $1.2B in volume (72% of ADV), reflecting the broader market’s lack of heavy directional positioning.
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 the primary source of elevated activity, pushing to $47.6B in volume—110% of their 30-day average. Tactical flows were largely concentrated in leveraged, inverse, and synthetic income single-stock exposures.
High-Volume Categories
No items met the inclusion criteria for this session.
High-Activity Ticker Outliers
| Ticker | Name | Activity vs ADV | $ Volume | 1D Return |
|---|---|---|---|---|
| TDVI | FT Vest Technology Dividend Target Income ETF | 1297% | $34.5M | +0.38% |
| EFAA | Invesco MSCI EAFE Income Advantage ETF | 571% | $22.1M | +0.33% |
| AMDL | GraniteShares 2x Long AMD Daily ETF | 490% | $822.8M | +28.22% |
| MVLL | GraniteShares 2x Long MRVL Daily ETF | 474% | $143.0M | -1.55% |
| SDVD | FT Vest SMID Rising Dividend Achievers Target Income ETF | 424% | $30.3M | +0.09% |
| FTQI | First Trust Nasdaq BuyWrite Income ETF | 397% | $30.8M | +0.91% |
| OMAH | VistaShares Target 15 Berkshire Select Income ETF | 318% | $26.6M | -0.67% |
| TSMX | Direxion Daily TSM Bull 2X ETF | 276% | $156.6M | +10.71% |
| FTHI | First Trust BuyWrite Income ETF | 273% | $42.4M | +0.08% |
| BUFZ | FT Vest Laddered Moderate Buffer ETF | 238% | $9.6M | +0.31% |
Multi-Asset
Multi-Asset ETFs saw a modest $161.7M traded, holding near 70% of their 30-day average volume with no significant outlier activity.
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.
