Weekly Channel Summary
The Single Stock ETF space is not for the faint of heart, and this week proved it once again. The channel now boasts a massive $35.2 billion in AUM spread across roughly 439 products from 18 active issuers. Traders aggressively piled into the market over the last five days, driving $370M in net inflows. This weekly surge pushes the staggering 1-year flow total up to $22.38B. The prevailing sentiment? Pure, unadulterated risk-on appetite.
This Week’s Performance Leaders and Laggards
Looking under the hood at the underlying stocks, Circle Internet (CRCL) skyrocketed to the top of the leaderboard with an explosive 32.40% gain. Axon and Netflix also surged as bulls flexed their muscles. On the dark side of the tape, Eos Energy (EOSE) completely cratered, shedding nearly half its value in five days. High-flying AI darling C3.ai (AI) also suffered a brutal -23.41% haircut, reminding traders that momentum cuts both ways.
Top & Bottom Underlying Stock Performance (WTD)
| Ticker | Underlying Stock | Week-To-Date Return | Year-To-Date Return | Funds Following |
|---|---|---|---|---|
| Top 5 Performing Underlying Stocks | ||||
| CRCL | Circle Internet Group, Inc. Class A | 32.40% | 5.22% | 5 |
| AXON | Axon Enterprise Inc | 25.00% | -4.50% | 1 |
| NFLX | Netflix, Inc. | 22.33% | 2.65% | 6 |
| DELL | Dell Technologies, Inc. Class C | 21.11% | 18.19% | 1 |
| IONQ | IonQ, Inc. | 20.28% | -14.49% | 4 |
| Bottom 5 Performing Underlying Stocks | ||||
| EOSE | Eos Energy Enterprises, Inc. Class A | -46.78% | -50.31% | 1 |
| AI | C3.ai, Inc. Class A | -23.41% | -41.02% | 1 |
| NVO | Novo Nordisk A/S Sponsored ADR Class B | -21.02% | -26.40% | 2 |
| MELI | MercadoLibre, Inc. | -11.98% | -12.74% | 1 |
| SRPT | Sarepta Therapeutics, Inc. | -11.23% | -22.12% | 1 |
Weekly Performance: The Winners and Losers
When you apply 2X leverage to a stock that rallies 32%, the math gets incredibly fun. CCUP captured a breathtaking 62.16% return this week tracking CRCL. Conversely, daily resets and compounding are ruthless on the downside. Anyone holding EOSU suffered through an excruciating -84.66% bloodbath as Eos Energy collapsed.
| Ticker | Fund Name | WTD Performance |
|---|---|---|
| Top 5 Performing ETFs | ||
| CCUP | T-REX 2X Long CRCL Daily Target ETF | 62.16% |
| CRCG | Leverage Shares 2X Long CRCL Daily ETF | 62.04% |
| CRCA | ProShares Ultra CRCL | 61.76% |
| AXUP | T-REX 2X Long AXON Daily Target ETF | 51.54% |
| NFXL | Direxion Daily NFLX Bull 2X Shares | 46.37% |
| Bottom 5 Performing ETFs | ||
| EOSU | T-REX 2X Long EOSE Daily Target ETF | -84.66% |
| CRCD | T-REX 2X Inverse CRCL Daily Target ETF | -70.16% |
| IONZ | Defiance Daily Target 2x Short IONQ ETF | -44.22% |
| NVOX | Defiance Daily Target 2X Long NVO ETF | -40.30% |
| CRWG | Leverage Shares 2X Long CRWV Daily ETF | -25.49% |
Analyzing the Weekly Flows
If you want to know what the retail and institutional trading crowd is feeling, follow the money. This week, it was a one-way street into the Levered category, pulling in $469M. Traders completely abandoned Synthetic Income products (bleeding -$70M) and Inverse strategies (-$32M). The conviction is clear: investors are betting on upside momentum and ignoring downside protection.
Where the Money Went This Week
| Category | Fund Count | AUM | 5 Day | 30 Day | 90 Day | YTD | 1 Year |
|---|---|---|---|---|---|---|---|
| Levered | 259 | $26,227.8M | $469M | $3,254M | $4,821M | $3,604M | $9,649M |
| Currency Hedged | 9 | $18.1M | $2M | ($3M) | ($5M) | $2M | $4M |
| Inverse | 50 | $1,197.1M | ($32M) | ($37M) | ($92M) | ($202M) | $1,381M |
| Synthetic Income | 101 | $7,799.2M | ($70M) | ($538M) | $515M | ($832M) | $11,349M |
Flow Leaders & Laggards: The ETF Tale of the Tape
GraniteShares’ NVDL continues to act like a black hole for capital, effortlessly sucking in a massive $436M as NVIDIA optimists doubled down. Meanwhile, a major exodus hit the Tesla ecosystem. The Direxion 2X Tesla Bull (TSLL) bled -$95M in assets, leading the entire space in outflows.
| Ticker | Fund Name | 5-Day Flow |
|---|---|---|
| Top 5 Inflows | ||
| NVDL | GraniteShares 2x Long NVDA Daily ETF | $436M |
| SNXX | Tradr 2X Long SNDK Daily ETF | $54M |
| MSFU | Direxion Daily MSFT Bull 2X Shares | $35M |
| AMDL | GraniteShares 2x Long AMD Daily ETF | $27M |
| CONL | GraniteShares 2x Long COIN Daily ETF | $18M |
| Bottom 5 Outflows | ||
| TSLL | Direxion Daily TSLA Bull 2X Shares | -$95M |
| NVDY | YieldMax NVDA Option Income Strategy ETF | -$61M |
| TSLQ | Tradr 2X Short TSLA Daily ETF | -$56M |
| METU | Direxion Daily META Bull 2X Shares | -$54M |
| GGLL | Direxion Daily GOOGL Bull 2X Shares | -$45M |
Issuer League Table Update
Direxion remains the undisputed heavyweight champion in overall market share, controlling 32.00% of AUM. However, GraniteShares threw a massive haymaker this week. Powered entirely by the retail frenzy in NVDL, GraniteShares collected $484M in net assets, while Direxion leaked -$158M to end up as the biggest issuer loser for the week.
The Heavyweights: Top 5 Issuers by AUM
| Brand | Fund Count | AUM | AUM Market Share |
|---|---|---|---|
| Direxion | 55 | $11.29B | 32.00% |
| GraniteShares | 58 | $8.27B | 23.45% |
| YieldMax | 41 | $6.28B | 17.81% |
| Tradr | 57 | $2.62B | 7.42% |
| Defiance | 50 | $2.36B | 6.70% |
Weekly Flows: Issuer Edition
| Brand | 5-Day Flow |
|---|---|
| Top 3 Issuer Inflows | |
| GraniteShares | $484M |
| Defiance | $88M |
| T-Rex | $27M |
| Bottom 3 Issuer Outflows | |
| Direxion | -$158M |
| YieldMax | -$62M |
| Roundhill | -$12M |
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.
