Single Stocks Recap: AMD’s Wild Ride Contrasts with QUBT’s Painful Plunge

Weekly Channel Summary

The Single Stock ETF channel continues its dynamic run, now commanding a massive $44.38 billion in total AUM across 287 unique ETFs from 17 different issuers. This week was a turbulent tale of profit-taking and strategic repositioning. While the channel saw a net exodus of $259 million over the last five days, the bigger picture reveals relentless growth. Year-to-date, an incredible $17.40 billion has flooded into these products, and the one-year figure is even more staggering, with a whopping $24.65 billion in net inflows, signaling ferocious and sustained trader appetite.

This Week’s Performance Leaders and Laggards

This week’s performance was a story of explosive gains in high-beta tech, where traders who bet big on semiconductors were handsomely rewarded. Advanced Micro Devices, Inc. (AMD) was the star, rocketing up over 30% and sending its leveraged ETFs into orbit with it. This incredible surge showcases the massive upside potential of these instruments. On the flip side, the pain was acute for those long Quantum Computing Inc. (QUBT), which cratered nearly 23%, demonstrating the brutal downside risk when a speculative bet goes wrong.

Top & Bottom 5 Underlying Stock Performance (WTD)

Weekly Performance: The Winners and Losers

The undisputed champion of the week was the Direxion Daily AMD Bull 2X Shares ETF (AMDU), which posted a staggering 60.69% gain. On the other end of the spectrum, the Tradr 2X Long QUBT Daily ETF (QUBX) was the biggest loser, plummeting an eye-watering 42.62%, followed closely by the T-REX 2X Long BULL Daily Target ETF (BULU), which shed 37.04%. It’s a stark reminder that due to the effects of daily resets and compounding, the performance of leveraged and inverse ETFs over time won’t be a perfect multiple of the underlying stock’s return.

Analyzing the Weekly Flows

The flow story for the week was a clear case of divergence in sentiment. While the channel experienced a net outflow of $259 million, the money was moving with purpose. Traders piled into Synthetic Income products, pouring in $198 million as they sought yield, while also adding $157 million to Inverse ETFs, a clear signal of hedging against potential downturns. The big story, however, was the massive exodus from Levered ETFs, which bled $615 million. This suggests significant profit-taking after the week’s strong performance in certain sectors and a broader move to reduce risk.

Where the Money Went This Week

Flow Leaders & Laggards: The ETF Tale of the Tape

Drilling down into individual ETFs, the Direxion Daily META Bull 2X Shares (METU) was the clear favorite, vacuuming up an impressive $150 million in new assets. Following closely, the behemoth Direxion Daily TSLA Bull 2X Shares (TSLL) pulled in a hefty $138 million. The outflow side tells a story of profit-taking from recent high-flyers. The GraniteShares 2x Long NVDA Daily ETF (NVDL) saw the largest exit, with $259 million leaving the fund, while the Defiance Daily Target 2x Long OKLO ETF (OKLL) wasn’t far behind, shedding $203 million as traders cashed in their chips.

Issuer League Table Update

The battle for dominance among issuers continues to heat up. YieldMax remains the heavyweight champion, commanding an impressive 27.17% of the market share, closely followed by Direxion at 26.15%. This week, Direxion was the undisputed flow king, gathering a massive $507 million in inflows. On the other side of the ledger, Defiance saw the largest weekly exodus among top issuers, with a significant $741 million heading for the exits as traders repositioned their portfolios.

The Heavyweights: Top 5 Issuers by AUM

Weekly Flows: Issuer Edition