Macro Summary
Total market volume reached $254.6B, operating at 100% of the 30-day average. The session exhibited a muted baseline of engagement across core equities and fixed income, structurally balanced by concentrated pockets of outsized activity in Digital Assets and Non-Traditional strategies.
| Asset Class | Volume | 30D Avg. | % of 30D Avg. |
|---|---|---|---|
| Equity | $162.6B | $164.3B | 99% |
| Fixed Income | $24.6B | $28.3B | 87% |
| Commodities | $5.4B | $7.6B | 72% |
| Digital Asset | $5.1B | $4.0B | 128% |
| Currencies | $131.6M | $114.3M | 115% |
| Alternatives | $824.9M | $1.1B | 78% |
| Non-Traditional | $55.6B | $48.7B | 114% |
| Multi-Asset | $233.9M | $247.5M | 95% |
Equity
Equity volume registered $162.6B, operating at 99% of its 30-day average. Outsized activity was anchored by U.S. Small Cap Value and specific regional allocations, indicating targeted thematic rotation rather than broad-market repositioning.
High-Volume Categories
| Category | Activity vs ADV | $ Volume | 1-Day Return |
|---|---|---|---|
| Equity: U.S. Small Cap – Value | 201% | $1.0B | -1.14% |
| Equity: Region – Latin America | 182% | $184.7M | -1.75% |
| Equity: Thematic – FinTech | 139% | $157.3M | -2.48% |
| Equity: U.S. Mid Cap – Growth | 138% | $332.0M | -0.59% |
| Equity: Sector – Communication Services | 133% | $784.4M | -0.86% |
High-Activity Ticker Outliers
| Ticker | Name | Activity vs ADV | $ Volume | 1D Return |
|---|---|---|---|---|
| IJS | iShares S&P Small-Cap 600 Value ETF | 1278% | $536.4M | -1.19% |
| EUSA | iShares MSCI USA Equal Weighted ETF | 1063% | $33.5M | -0.65% |
| SPGM | State Street SPDR Portfolio MSCI Global Stock Market ETF | 808% | $84.7M | -0.87% |
| PABU | iShares Paris-Aligned Climate Optimized MSCI USA ETF | 610% | $15.4M | -1.32% |
| FELG | Fidelity Enhanced Large Cap Growth ETF | 517% | $79.7M | -1.10% |
| SKYY | First Trust Cloud Computing ETF | 373% | $158.4M | -3.50% |
| BRIE | MFS Blended Research International Equity ETF | 350% | $12.9M | -1.25% |
| DMXF | iShares ESG Advanced MSCI EAFE ETF | 350% | $30.8M | -0.61% |
| JMOM | JPMorgan U.S. Momentum Factor ETF | 349% | $21.7M | -0.17% |
| BKDV | BNY Mellon Dynamic Value ETF | 343% | $38.5M | -0.26% |
Fixed Income
Fixed Income observed a subdued session, generating $24.6B in volume, which equated to 87% of the 30-day average. Activity was broadly restrained, though select ultra-short duration and credit-focused vehicles captured targeted liquidity.
High-Volume Categories
No items met the inclusion criteria for this session.
High-Activity Ticker Outliers
| Ticker | Name | Activity vs ADV | $ Volume | 1D Return |
|---|---|---|---|---|
| XBOX | Roundhill Ultra Short Duration No Dividend Target ETF | 1520% | $55.0M | -0.06% |
| RAVI | FlexShares Ultra-Short Income Fund | 1139% | $37.4M | +0.02% |
| SKOR | FlexShares Credit-Scored US Corporate Bond Index Fund | 601% | $17.6M | -0.13% |
| FTRB | Federated Hermes Total Return Bond ETF | 497% | $20.9M | -0.22% |
| LGOV | First Trust Long Duration Opportunities ETF | 396% | $12.7M | -0.58% |
| TUSI | Touchstone Ultra Short Income ETF | 378% | $22.8M | -0.08% |
| EVTR | Eaton Vance Total Return Bond ETF | 375% | $83.5M | -0.25% |
| LTPZ | PIMCO 15+ Year US TIPS Index Exchange-Traded Fund | 359% | $18.2M | -0.54% |
| LQDH | iShares Interest Rate Hedged Corporate Bond ETF | 283% | $7.3M | -2.93% |
| RISR | FolioBeyond Alternative Income and Interest Rate Hedge ETF | 275% | $7.3M | +0.03% |
Commodities
Commodities recorded a muted session with $5.4B traded, capturing just 72% of normal activity. Broad-market positioning remained defensive as key industrial and precious metals saw isolated rather than thematic engagement.
High-Volume Categories
No items met the inclusion criteria for this session.
High-Activity Ticker Outliers
| Ticker | Name | Activity vs ADV | $ Volume | 1D Return |
|---|---|---|---|---|
| IAU | iShares Gold Trust | 166% | $728.3M | -1.08% |
| PPLT | abrdn Physical Platinum Shares ETF | 155% | $64.0M | -3.71% |
| CPER | United States Copper Index Fund | 154% | $44.9M | -2.91% |
Digital Asset
Digital Assets exhibited strong engagement, clearing $5.1B in volume to reach 128% of the trailing average. Bitcoin allocations drove the majority of the elevated liquidity amid directional downward pressure.
High-Volume Categories
| Category | Activity vs ADV | $ Volume | 1-Day Return |
|---|---|---|---|
| Digital Asset: Cryptocurrency – Bitcoin | 132% | $4.5B | -2.10% |
High-Activity Ticker Outliers
| Ticker | Name | Activity vs ADV | $ Volume | 1D Return |
|---|---|---|---|---|
| ETHB | iShares Staked Ethereum Trust ETF | 175% | $15.3M | -5.48% |
| BITO | ProShares Bitcoin ETF | 168% | $2.1B | -2.73% |
| HODL | VanEck Bitcoin ETF | 165% | $34.7M | -2.76% |
Currencies
Currencies processed $131.6M in volume, operating slightly above trend at 115% of the 30-day average. Overall positioning remained largely balanced.
High-Volume Categories
No items met the inclusion criteria for this session.
High-Activity Ticker Outliers
| Ticker | Name | Activity vs ADV | $ Volume | 1D Return |
|---|---|---|---|---|
| FXE | Invesco CurrencyShares Euro Trust | 385% | $68.5M | -0.29% |
Alternatives
Alternatives saw muted trading with $824.9M in total volume, reflecting 78% of typical historical turnover. Strategy allocations held generally within standard operational ranges.
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 generated notable outsized liquidity, accumulating $55.6B in total volume at 114% of the 30-day average. Equity buffers and highly concentrated single-stock levered products drove the session’s most significant anomalies.
High-Volume Categories
| Category | Activity vs ADV | $ Volume | 1-Day Return |
|---|---|---|---|
| Non-Traditional: Buffer – Equity | 368% | $1.7B | -0.18% |
High-Activity Ticker Outliers
| Ticker | Name | Activity vs ADV | $ Volume | 1D Return |
|---|---|---|---|---|
| SIXZ | AllianzIM U.S. Equity 6 Month Buffer10 May/Nov ETF | 2741% | $305.4M | -0.22% |
| MVLL | GraniteShares 2x Long MRVL Daily ETF | 1286% | $1.4B | +4.97% |
| MQQQ | Tradr 2X Long Innovation 100 Monthly ETF | 625% | $109.9M | -0.68% |
| DLLL | GraniteShares 2x Long DELL Daily ETF | 298% | $132.9M | -8.26% |
| BUFQ | FT Vest Laddered Nasdaq Buffer ETF | 263% | $16.0M | -0.04% |
| BUFR | FT Vest Laddered Buffer ETF | 224% | $89.9M | -0.22% |
| AMDY | YieldMax AMD Option Income Strategy ETF | 212% | $42.0M | +3.22% |
| METU | Direxion Daily META Bull 2X ETF | 207% | $273.5M | +7.90% |
| DMAY | FT Vest U.S. Equity Deep Buffer ETF – May | 206% | $5.3M | -0.30% |
| NOWL | GraniteShares 2x Long NOW Daily ETF | 198% | $217.6M | -16.88% |
Multi-Asset
Multi-Asset portfolios observed $233.9M in aggregate volume, representing 95% of typical trading behavior. Core allocations remained relatively static with limited outlier engagement.
High-Volume Categories
No items met the inclusion criteria for this session.
High-Activity Ticker Outliers
| Ticker | Name | Activity vs ADV | $ Volume | 1D Return |
|---|---|---|---|---|
| YYY | Amplify CEF High Income ETF | 795% | $28.3M | -1.26% |
| RSST | Return Stacked U.S. Stocks & Managed Futures ETF | 211% | $6.9M | -0.88% |
