Macro Summary
The total market volume for the session settled at $268.3B, marking a generally muted trading day at 80% of the 30-day average. Activity across the board remained restrained, though underlying shifts within Fixed Income and select Equity thematic categories suggested targeted positioning rather than broad-based directional conviction.
| Asset Class | Volume | 30D Avg. | % of 30D Avg. |
|---|---|---|---|
| Equity | $187.0B | $221.0B | 85% |
| Fixed Income | $29.6B | $32.0B | 92% |
| Commodity | $13.8B | $29.5B | 47% |
| Digital Asset | $3.6B | $6.9B | 53% |
| Currency | $83.0M | $118.5M | 70% |
| Alternative | $929.6M | $1.3B | 69% |
| Non-Traditional | $33.0B | $42.4B | 78% |
| Multi-Asset | $234.7M | $239.5M | 98% |
Equity
Equity trading hit $187.0B across the session, representing 85% of its 30-day average. Thematic – Sustainability and Global Ex-U.S. Small & Mid Cap categories were the standout segments, showing targeted inflows amidst a broader market consolidation.
High-Volume Categories
| Category | Activity vs ADV | $ Volume | 1-Day Return |
|---|---|---|---|
| Equity: Thematic – Sustainability | 209% | $433.5M | +1.36% |
| Equity: Global Ex-U.S. Small | Mid Cap | 131% | $432.0M | +0.30% |
High-Activity Ticker Outliers
| Ticker | Name | Activity vs ADV | $ Volume | 1D Return |
|---|---|---|---|---|
| SPYX | State Street SPDR S&P 500 Fossil Fuel Reserves Free ETF | 1269% | $114.7M | +0.76% |
| DSI | iShares ESG MSCI KLD 400 ETF | 945% | $114.7M | +0.89% |
| IXG | iShares Global Financials ETF | 736% | $19.7M | -2.09% |
| ILOW | AB International Low Volatility Equity ETF | 581% | $31.7M | +0.09% |
| BUG | Global X Cybersecurity ETF | 522% | $120.3M | +0.15% |
| IETC | iShares U.S. Tech Independence Focused ETF | 510% | $35.9M | +1.07% |
| PXF | Invesco RAFI Developed Markets ex-U.S. ETF | 474% | $45.1M | +0.62% |
| TXUE | Thornburg International Equity ETF | 472% | $12.2M | +0.55% |
| IYM | iShares U.S. Basic Materials ETF | 452% | $95.9M | +0.90% |
| MXI | iShares Global Materials ETF | 447% | $15.8M | +0.96% |
Fixed Income
At $29.6B, Fixed Income volume reached a steady 92% of average. Notably, credit-sensitive sectors caught bids, with Taxable – Bank Loans moving at double their standard pace and High Yield strategies seeing sustained turnover amidst generally flat daily returns.
High-Volume Categories
| Category | Activity vs ADV | $ Volume | 1-Day Return |
|---|---|---|---|
| Fixed Income: Taxable – Bank Loans | 201% | $1.4B | -0.17% |
| Fixed Income: Taxable – High Yield | 130% | $5.7B | -0.07% |
High-Activity Ticker Outliers
| Ticker | Name | Activity vs ADV | $ Volume | 1D Return |
|---|---|---|---|---|
| VSDB | Vanguard Short Duration Bond ETF | 2589% | $151.4M | -0.04% |
| SYFI | AB Short Duration High Yield ETF | 685% | $29.8M | 0.00% |
| FLBL | Franklin Senior Loan ETF Franklin Liberty Senior Loan Fund | 398% | $39.1M | -0.26% |
| CLOX | Eldridge AAA CLO ETF | 360% | $9.7M | -0.02% |
| XAGG | Eaton Vance Income Opportunities ETF | 342% | $40.4M | +0.16% |
| VWOB | Vanguard Emerging Markets Government Bond ETF | 322% | $162.2M | -0.12% |
| GOVI | Invesco Equal Weight 0-30 Year Treasury ETF | 298% | $55.0M | +0.09% |
| LEMB | iShares J.P. Morgan EM Local Currency Bond ETF | 270% | $29.8M | +0.02% |
| FLHY | Franklin High Yield Corporate ETF | 247% | $12.3M | -0.08% |
| JBBB | Janus Henderson B-BBB CLO ETF | 236% | $43.7M | -0.43% |
Commodity
It was an exceptionally quiet day for commodities, logging just $13.8B in volume (47% of its normal average). Activity remained light across the spectrum, with scarce rotation among focused sub-groups.
High-Volume Categories
No items met the inclusion criteria for this session.
High-Activity Ticker Outliers
| Ticker | Name | Activity vs ADV | $ Volume | 1D Return |
|---|---|---|---|---|
| CMDT | PIMCO Commodity Strategy Active Exchange-Traded Fund | 236% | $11.0M | +0.07% |
Digital Asset
Activity contracted notably in the Digital Asset space, finishing at $3.6B or 53% of its usual 30-day clip. Investors stepped back from immediate deployment across major cryptocurrencies, allowing prices to drift marginally lower across the complex.
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.
Currency
FX ETFs continued a trend of sparse engagement, registering just $83.0M on the day (70% of ADV) without material positional pivots drawing attention.
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.
Alternative
Trading in Alternatives was broadly muted at $929.6M (69% of average), lacking the catalyst needed to drive elevated absolute return or volatility positioning strategies today.
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 strategies processed $33.0B in trades (78% of ADV). Despite the overarching lull, option-based buffers, single-stock leverage, and synthetic income strategies maintained relatively healthy granular action.
High-Volume Categories
No items met the inclusion criteria for this session.
High-Activity Ticker Outliers
| Ticker | Name | Activity vs ADV | $ Volume | 1D Return |
|---|---|---|---|---|
| ZALT | Innovator U.S. Equity 10 Buffer ETF – Quarterly | 368% | $19.2M | +0.31% |
| SDVD | FT Vest SMID Rising Dividend Achievers Target Income ETF | 276% | $12.4M | +1.36% |
| KORU | Direxion MSCI Daily South Korea Bull 3X Shares | 234% | $199.2M | +10.15% |
| USDX | SGI Enhanced Core ETF | 227% | $5.9M | -0.04% |
| FTQI | First Trust Nasdaq BuyWrite Income ETF | 212% | $12.0M | +0.99% |
| AMDL | GraniteShares 2x Long AMD Daily ETF | 204% | $417.4M | +17.63% |
| CHPY | YieldMax Semiconductor Portfolio Option Income ETF | 193% | $34.9M | +1.75% |
| MLPI | NEOS MLP & Energy Infrastructure High Income ETF | 175% | $22.0M | -0.31% |
| BALT | Innovator Defined Wealth Shield ETF | 167% | $19.5M | +0.18% |
| BUYW | Main BuyWrite ETF | 165% | $10.0M | +0.21% |
Multi-Asset
Multi-Asset funds came closest to baseline norms, finishing at 98% of ADV on $234.7M in volume. Tactical allocations within real assets and moderate target-risk profiles led the marginal action today.
High-Volume Categories
No items met the inclusion criteria for this session.
High-Activity Ticker Outliers
| Ticker | Name | Activity vs ADV | $ Volume | 1D Return |
|---|---|---|---|---|
| RLY | State Street Multi-Asset Real Return ETF | 329% | $19.1M | +0.38% |
| YYY | Amplify CEF High Income ETF | 220% | $8.1M | +0.04% |
| AOM | iShares Core 40/60 Moderate Allocation ETF | 167% | $11.7M | +0.51% |
Disclaimer: This AI-assisted commentary is for informational purposes only. The “High-Volume Categories” table includes categories with over $100M in volume and activity at least 125% of their 30-day average, limited to the top 5 by activity percentage. The “High-Activity Ticker Outliers” table shows the top 10 ETFs from each asset class, sorted by the highest trading activity versus their 30-day average. All reported ETFs have AUM over $250M and an ADV greater than $2.5M.
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.
