Macro Summary
Trading activity across the ETF landscape was notably quiet on Wednesday due to an early market close, with total volume clocking in at just 42% of the 30-day average. However, the Commodity asset class proved to be a distinct outlier, trading at 106% of its typical daily volume. This surge was primarily driven by the Commodity: Focused – Precious Metals category (which fell 0.90% on the day), seeing elevated interest despite the broader market lull. Specific weakness in palladium and platinum contributed to the volatility, exemplified by heavy turnover in abrdn Physical Platinum Shares ETF (closing -1.72%).
Asset Class Summary
| Asset Class | $ Volume | 30D Avg. | % of 30D Avg. |
|---|---|---|---|
| Equity | $77.4B | $200.6B | 39% |
| Fixed Income | $14.4B | $28.9B | 50% |
| Commodity | $9.6B | $9.0B | 106% |
| Digital Asset | $2.6B | $7.3B | 35% |
| Currency | $41.5M | $80.0M | 52% |
| Alternative | $318.8M | $1.3B | 24% |
| Non-Traditional | $14.9B | $38.4B | 39% |
| Multi-Asset | $116.3M | $178.4M | 65% |
Equity
The Equity asset class saw total trading volume of $77.4B, representing 39% of its 30-day average. Activity was notably driven by the Equity: Region – Asia-Pacific Ex-Japan category (finishing the day up 0.25%), largely driven by heavy turnover in iShares Asia 50 ETF (closing +0.60%). Additionally, the Equity: U.S. Small Cap – Value category (up 0.37%) saw significant interest, highlighted by activity in Vanguard Russell 2000 Value ETF (closing +0.38%).
High-Volume Categories (>$100M Traded)
| Category | Activity vs ADV | $ Volume | 1-Day Return |
|---|---|---|---|
| No categories met the high-volume criteria. | |||
High-Activity Ticker Outliers
| Ticker | Name | Activity vs ADV | $ Volume | 1D Return |
|---|---|---|---|---|
| VTWV | Vanguard Russell 2000 Value ETF | 766% | $19.5M | +0.38% |
| BBIN | JPMorgan BetaBuilders International Equity ETF | 730% | $62.5M | +0.09% |
| VTHR | Vanguard Russell 3000 ETF | 463% | $62.8M | +0.32% |
| ESGU | iShares ESG Aware MSCI USA ETF | 243% | $224.1M | +0.31% |
| PICK | iShares MSCI Global Metals & Mining Producers ETF | 200% | $40.4M | +0.44% |
| IEV | iShares Europe ETF | 184% | $21.2M | +0.23% |
| AIA | iShares Asia 50 ETF | 180% | $48.3M | +0.60% |
| MFSI | MFS Active International ETF | 180% | $9.5M | +0.16% |
| VNM | VanEck Vietnam ETF | 177% | $24.2M | -0.26% |
| IVOV | Vanguard S&P Mid-Cap 400 Value ETF | 174% | $5.5M | +0.18% |
Fixed Income
The Fixed Income asset class saw total trading volume of $14.4B, representing 50% of its 30-day average. Activity was notably driven by the Fixed Income: Municipal – Short category (finishing the day down 0.03%), largely driven by heavy turnover in JPMorgan Ultra-Short Municipal Income ETF (closing +0.01%). Additionally, the Fixed Income: Specialty – Defined Maturity category (up 0.17%) saw significant interest, highlighted by activity in iShares iBonds 2027 Term High Yield and Income ETF (closing +0.16%).
High-Volume Categories (>$100M Traded)
| Category | Activity vs ADV | $ Volume | 1-Day Return |
|---|---|---|---|
| No categories met the high-volume criteria. | |||
High-Activity Ticker Outliers
| Ticker | Name | Activity vs ADV | $ Volume | 1D Return |
|---|---|---|---|---|
| IBHG | iShares iBonds 2027 Term High Yield and Income ETF | 343% | $11.6M | +0.16% |
| GVI | iShares Intermediate Government/Credit Bond ETF | 332% | $53.1M | +0.19% |
| PSK | State Street SPDR ICE Preferred Securities ETF | 313% | $14.1M | +0.03% |
| XHLF | BondBloxx Bloomberg Six Month Target Duration US Treasury ETF | 247% | $56.7M | +0.04% |
| HFSI | Hartford Strategic Income ETF | 239% | $17.1M | +0.17% |
| IBTH | iShares iBonds Dec 2027 Term Treasury ETF | 206% | $26.1M | +0.03% |
| JMST | JPMorgan Ultra-Short Municipal Income ETF | 202% | $126.4M | +0.01% |
| ISHG | iShares 1-3 Year International Treasury Bond ETF | 192% | $7.1M | +0.07% |
| DFNM | Dimensional National Municipal Bond ETF | 189% | $15.8M | +0.01% |
| FTSD | Franklin Short Duration U.S. Government ETF | 177% | $6.0M | +0.18% |
Commodity
The Commodity asset class saw total trading volume of $9.6B, representing 106% of its 30-day average. Activity was notably driven by the Commodity: Focused – Precious Metals category (finishing the day down 0.90%), largely driven by heavy turnover in abrdn Physical Platinum Shares ETF (closing -1.72%). Additionally, the Commodity: Focused – Industrial Metals category (up 0.32%) saw significant interest.
High-Volume Categories (>$100M Traded)
| Category | Activity vs ADV | $ Volume | 1-Day Return |
|---|---|---|---|
| No categories met the high-volume criteria. | |||
High-Activity Ticker Outliers
| Ticker | Name | Activity vs ADV | $ Volume | 1D Return |
|---|---|---|---|---|
| PPLT | abrdn Physical Platinum Shares ETF | 784% | $724.3M | -1.72% |
| PALL | abrdn Physical Palladium Shares ETF | 428% | $248.6M | -7.77% |
| SLV | iShares Silver Trust | 169% | $3.8B | +0.52% |
Digital Asset
The Digital Asset asset class saw total trading volume of $2.6B, representing 35% of its 30-day average. Activity was notably driven by the Digital Asset: Cryptocurrency – Multicoin category (finishing the day down 2.16%).
High-Volume Categories (>$100M Traded)
| Category | Activity vs ADV | $ Volume | 1-Day Return |
|---|---|---|---|
| No categories met the high-volume criteria. | |||
High-Activity Ticker Outliers
| Ticker | Name | Activity vs ADV | $ Volume | 1D Return |
|---|---|---|---|---|
| No high-activity ticker outliers for this asset class. | ||||
Currency
The Currency asset class saw total trading volume of $41.5M, representing 52% of its 30-day average. Activity was notably driven by the Currency category (finishing the day up 0.08%).
High-Volume Categories (>$100M Traded)
| Category | Activity vs ADV | $ Volume | 1-Day Return |
|---|---|---|---|
| No categories met the high-volume criteria. | |||
High-Activity Ticker Outliers
| Ticker | Name | Activity vs ADV | $ Volume | 1D Return |
|---|---|---|---|---|
| No high-activity ticker outliers for this asset class. | ||||
Alternative
The Alternative asset class saw total trading volume of $318.8M, representing 24% of its 30-day average. Activity was notably driven by the Alternative: Absolute Return – Event Driven category (finishing the day down 2.56%).
High-Volume Categories (>$100M Traded)
| Category | Activity vs ADV | $ Volume | 1-Day Return |
|---|---|---|---|
| No categories met the high-volume criteria. | |||
High-Activity Ticker Outliers
| Ticker | Name | Activity vs ADV | $ Volume | 1D Return |
|---|---|---|---|---|
| No high-activity ticker outliers for this asset class. | ||||
Non-Traditional
The Non-Traditional asset class saw total trading volume of $14.9B, representing 39% of its 30-day average. Activity was notably driven by the Non-Traditional: Buffer – Equity category (finishing the day down 0.01%), largely driven by heavy turnover in FT Vest U.S. Equity Buffer ETF – October (closing +0.20%). Additionally, the Non-Traditional: Currency Hedged – Single Stock category (up 0.16%) saw significant interest.
High-Volume Categories (>$100M Traded)
| Category | Activity vs ADV | $ Volume | 1-Day Return |
|---|---|---|---|
| Non-Traditional: Buffer – Equity | 143% | $442.6M | -0.01% |
High-Activity Ticker Outliers
| Ticker | Name | Activity vs ADV | $ Volume | 1D Return |
|---|---|---|---|---|
| FOCT | FT Vest U.S. Equity Buffer ETF – October | 1211% | $46.6M | +0.20% |
| FNOV | FT Vest U.S. Equity Buffer ETF – November | 923% | $48.0M | +0.15% |
| GDEC | FT Vest U.S. Equity Moderate Buffer ETF – December | 901% | $41.6M | +0.20% |
| ASTX | Tradr 2X Long ASTS Daily ETF | 326% | $170.3M | -17.64% |
| CSHI | NEOS Enhanced Income 1-3 Month T-Bill ETF | 177% | $20.1M | -0.27% |
| USOI | UBS AG ETRACS Crude Oil Shares Covered Call ETNs due April 24; 2037 | 175% | $7.7M | -0.16% |
| AGQ | ProShares Ultra Silver | 160% | $647.5M | +0.91% |
Multi-Asset
The Multi-Asset asset class saw total trading volume of $116.3M, representing 65% of its 30-day average. Activity was notably driven by the Asset Allocation: Target Risk – Global Macro category (finishing the day down 0.14%).
High-Volume Categories (>$100M Traded)
| Category | Activity vs ADV | $ Volume | 1-Day Return |
|---|---|---|---|
| No categories met the high-volume criteria. | |||
High-Activity Ticker Outliers
| Ticker | Name | Activity vs ADV | $ Volume | 1D Return |
|---|---|---|---|---|
| No high-activity ticker outliers for this asset class. | ||||
