Weekly Channel Summary
The Single Stock ETF channel continues its aggressive expansion, now boasting a massive $37 billion in total Assets Under Management across 404 ETFs from 17 innovative issuers. While the headline figure shows a ($247 million) net exodus over the last five days, the broader story remains one of staggering growth, with over $25.5 billion in fresh capital piling into the space over the past year. Despite a slight YTD flow cooling of ($610 million), the sheer volume of 103 new launches in just the last three months signals that the appetite for high-octane, single-stock exposure is far from satisfied.
This Week’s Performance Leaders and Laggards
Tech was a tale of two worlds this week. Chinese internet giant Baidu (BIDU) skyrocketed over 20%, leading a charge of high-growth names like Applied Digital (APLD) and AST SpaceMobile (ASTS) that left the broader market in the dust. On the flip side, momentum darling AppLovin (APP) cratered 13.43%, while the retail-heavy favorite Tesla (TSLA) stumbled 7.81%. Palantir (PLTR) also felt the pain, sliding 11% as traders seemingly hit the pause button on the recent AI frenzy.
Top & Bottom Underlying Stock Performance (WTD)
| Ticker | Underlying Stock | WTD Return | YTD Return | # Funds |
|---|---|---|---|---|
| Top Performers | ||||
| BIDU | Baidu, Inc. | 20.43% | 15.03% | 1 |
| APLD | Applied Digital Corporation | 16.88% | 14.64% | 1 |
| ASTS | AST SpaceMobile, Inc. | 16.01% | 14.93% | 1 |
| NVTS | Navitas Semiconductor | 13.24% | 17.37% | 1 |
| QBTS | D-Wave Quantum Inc. | 11.23% | 7.57% | 3 |
| Bottom Performers | ||||
| APP | AppLovin Corp. | -13.43% | -8.24% | 1 |
| PLTR | Palantir Technologies | -11.05% | -5.56% | 14 |
| CVNA | Carvana Co. | -8.72% | -5.16% | 2 |
| MDB | MongoDB, Inc. | -8.31% | -4.78% | 1 |
| SHOP | Shopify, Inc. | -7.98% | -2.34% | 1 |
Weekly Performance: The Winners and Losers
Leverage was a double-edged sword this week. The KBDU (KraneShares 2x Long BIDU) delivery was legendary, posting a staggering 41.98% gain. Meanwhile, APLX and ASTX also flexed their muscles with 30%+ returns. However, the downside was just as intense; APPX (Tradr 2X Long APP) bled out 25.91%, illustrating the brutal reality of daily resets when the underlying stock turns south.
| Ticker | Fund Name | WTD Performance |
|---|---|---|
| Top 5 ETFs | ||
| KBDU | KraneShares 2x Long BIDU Daily ETF | 41.98% |
| APLX | Tradr 2X Long APLD Daily ETF | 33.65% |
| ASTX | Tradr 2X Long ASTS Daily ETF | 31.56% |
| NVTX | Tradr 2X Long NVTS Daily ETF | 24.90% |
| PLTZ | Defiance Daily Target 2x Short PLTR ETF | 24.75% |
| Bottom 5 ETFs | ||
| APPX | Tradr 2X Long APP Daily ETF | -25.91% |
| BMNZ | Defiance Daily Target 2X Short BMNR ETF | -24.21% |
| PLTA | ProShares Ultra PLTR | -21.48% |
| PLTG | Leverage Shares 2X Long PLTR Daily ETF | -21.46% |
| PLTU | Direxion Daily PLTR Bull 2X Shares | -21.43% |
Analyzing the Weekly Flows
Sentiment turned decidedly “risk-active” this week as investors piled into Levered ETFs to the tune of $60 million, while executing a massive $200 million exodus from Synthetic Income strategies. This rotation suggests a “Taking Profit” mentality in income-generating wrappers, coupled with a tactical hunt for upside in the most volatile names. Inverse funds also saw $109 million in outflows, hinting that the bears might be hibernating—for now.
Where the Money Went This Week
| Category | Funds | AUM | 5 Day | 30 Day | YTD |
|---|---|---|---|---|---|
| Levered | 233 | $25,612M | $60M | $27M | ($531M) |
| Currency Hedged | 10 | $16.4M | $2M | ($8M) | $0M |
| Inverse | 46 | $1,363M | ($109M) | $21M | ($18M) |
| Synthetic Income | 101 | $9,974M | ($200M) | $454M | ($60M) |
Flow Leaders & Laggards: The ETF Tale of the Tape
Investors were all over Micron Technology (MU) this week, with MUU grabbing $99 million in fresh cash. Conversely, the giants of the space, NVDL and TSLL, were hit by a wave of profit-taking, shedding a combined $287 million. It seems the “Magnificent” crowd is being trimmed in favor of broader tech themes.
| Ticker | Fund Name | 5-Day Flow |
|---|---|---|
| Top Inflows | ||
| MUU | Direxion Daily MU Bull 2X Shares | $99M |
| TSLR | GraniteShares 2x Long TSLA Daily ETF | $71M |
| NVDX | T-Rex 2X Long NVIDIA Daily Target ETF | $58M |
| MSTU | T-Rex 2X Long MSTR Daily Target ETF | $39M |
| IONX | Defiance Daily Target 2X Long IONQ ETF | $32M |
| Bottom Outflows | ||
| NVDL | GraniteShares 2x Long NVDA Daily ETF | ($169M) |
| TSLL | Direxion Daily TSLA Bull 2X Shares | ($118M) |
| MSTY | YieldMax MSTR Option Income Strategy ETF | ($76M) |
| GGLL | Direxion Daily GOOGL Bull 2X Shares | ($34M) |
| NVDY | YieldMax NVDA Option Income Strategy ETF | ($31M) |
Issuer League Table Update
Direxion remains the undisputed heavyweight champion of the channel with over $11 billion in AUM, though the battle for second place is heating up between GraniteShares and YieldMax. This week, T-Rex emerged as the flow king, securing $76 million in net inflows. On the opposite end of the spectrum, YieldMax and GraniteShares faced a combined $304 million in weekly outflows as traders repositioned away from their core products.
The Heavyweights: Top 5 Issuers by AUM
| Brand | Fund Count | AUM | Market Share |
|---|---|---|---|
| Direxion | 51 | $11.30B | 30.57% |
| GraniteShares | 56 | $8.74B | 23.65% |
| YieldMax | 41 | $7.78B | 21.03% |
| T-Rex | 33 | $2.47B | 6.69% |
| Defiance | 46 | $2.47B | 6.68% |
Weekly Flows: Issuer Edition
| Brand | 5-Day Flow |
|---|---|
| Weekly Flow Leaders | |
| T-Rex | $76M |
| Leverage Shares | $57M |
| Tradr | $16M |
| Weekly Flow Laggards | |
| YieldMax | ($174M) |
| GraniteShares | ($130M) |
| Direxion | ($86M) |
For a deeper dive into these trends, access our FREE, in-depth Single Stock 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.
