Markets were generally quiet on Tuesday, with total ETF volume coming in at $244.0B, or just 86% of the 30-day average. Despite the lackluster activity at the broad level, specific pockets of the market saw outsized attention. Most notably, the U.S. Mid Cap – Value category saw a significant surge in turnover, trading 217% of its average daily volume while finishing the day down 0.40%. This anomalous activity was largely driven by heavy volume in VOE (Vanguard Mid-Cap Value ETF), which saw trading activity reach 662% of its average (closing -0.35%).
Asset Class Summary
Asset Class
Volume
30D Avg.
% of 30D Avg.
Equity
$165.3B
$191.8B
86%
Fixed Income
$28.3B
$29.8B
95%
Commodity
$8.1B
$9.6B
84%
Digital Asset
$7.3B
$7.8B
94%
Currency
$76.9M
$77.4M
99%
Alternative
$906.2M
$1.5B
61%
Non-Traditional
$33.8B
$41.4B
81%
Multi-Asset
$162.9M
$172.4M
95%
Equity
Equity ETFs traded $165.3B on the day, reaching just 86% of their 30-day average. Activity was concentrated in the U.S. Mid Cap – Value category (finishing the day down 0.40%), which saw volumes spike to 217% of average, largely driven by heavy turnover in VOE (closing -0.35%). The Health Care sector also saw elevated interest (144% of avg), weighed down by PINK (closing -1.32%).
Fixed Income ETFs traded $28.3B on the day, reaching 95% of their 30-day average. Activity was concentrated in the Taxable – Emerging USD category (finishing the day up 0.29%), which saw volume reach 159% of average, highlighted by buying in VWOB (closing -0.18%). The Specialty – Defined Maturity space also saw notable flow (139% of avg), with specific interest in IBDZ (closing +0.15%).
Commodity ETFs traded $8.1B on the day, reaching 84% of their 30-day average. Activity was relatively muted across the board, with no specific categories breaching the high-volume thresholds. However, there was some individual ticker action, such as IGE (closing -1.37%), which saw activity rise to 313% of its average.
Digital Asset ETFs traded $7.3B on the day, reaching 94% of their 30-day average. While activity levels were near normal, the asset class saw strong performance across the board. No individual categories met the high-volume outlier criteria, and activity was spread evenly without significant single-ticker outliers.
High-Volume Categories (>$100M Traded)
No categories met the high-volume criteria.
High-Activity Ticker Outliers
No high-activity ticker outliers for this asset class.
Currencies
Currency ETFs traded $76.9M on the day, reaching 99% of their 30-day average. The session was quiet with no categories exceeding the high-volume threshold. Activity was dispersed, with no significant single-ticker outliers driving the flow.
High-Volume Categories (>$100M Traded)
No categories met the high-volume criteria.
High-Activity Ticker Outliers
No high-activity ticker outliers for this asset class.
Alternatives
Alternative ETFs traded $906.2M on the day, reaching just 61% of their 30-day average. The session saw very light volumes, with no categories meeting the high-volume criteria. Similarly, ticker-level activity was subdued, with no notable outliers reported.
High-Volume Categories (>$100M Traded)
No categories met the high-volume criteria.
High-Activity Ticker Outliers
No high-activity ticker outliers for this asset class.
Non-Traditional
Non-Traditional ETFs traded $33.8B on the day, reaching 81% of their 30-day average. Activity was concentrated in the Leverage | Inverse – Commodity category (finishing the day up 0.40%), which saw volume hit 127% of average, influenced by trading in AGQ (closing +2.66%). There was also notable single-stock volatility, with MSTX seeing elevated turnover (208% of avg) while rising 10.25%.
Multi-Asset ETFs traded $162.9M on the day, reaching 95% of their 30-day average. The session was generally quiet with no broad categories meeting the high-volume criteria. However, AOR (closing +0.11%) did see elevated interest, trading at 159% of its average daily volume.
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