Macro Summary
The total market volume reached $259.8B during this session, with overall activity registering at 97% of the 30-day average. The environment reflects a generally muted and balanced session across core components, with the most significant outperformance localized exclusively in Non-Traditional and Multi-Asset strategies.
| Asset Class | Volume | 30D Avg. | % of 30D Avg. |
|---|---|---|---|
| Equity | $163.8B | $176.8B | 93% |
| Fixed Income | $26.8B | $31.8B | 84% |
| Commodities | $8.6B | $11.5B | 75% |
| Digital Asset | $4.4B | $4.3B | 103% |
| Currencies | $108.7M | $149.4M | 73% |
| Alternatives | $927.3M | $1.3B | 72% |
| Non-Traditional | $54.9B | $42.5B | 129% |
| Multi-Asset | $256.2M | $228.4M | 112% |
Equity
Equity volume tallied $163.8B, representing 93% of the 30-day average. The session highlighted robust engagement in specific thematic categories like FinTech and Evolving Consumer trends, despite overall muted broad market turnover.
High-Volume Categories
| Category | Activity vs ADV | $ Volume | 1-Day Return |
|---|---|---|---|
| Equity: Thematic – FinTech | 222% | $190.1M | +4.28% |
| Equity: Thematic – Evolving Consumer | 171% | $993.1M | +1.61% |
| Equity: Sector – Information Technology | 163% | $18.3B | +2.77% |
| Equity: Thematic – Natural Resources | 157% | $1.7B | +3.08% |
| Equity: Thematic – Infrastructure | 151% | $880.3M | +0.90% |
High-Activity Ticker Outliers
| Ticker | Name | Activity vs ADV | $ Volume | 1D Return |
|---|---|---|---|---|
| MISL | First Trust Indxx Aerospace & Defense ETF | 1010% | $84.0M | +3.17% |
| EWJV | iShares MSCI Japan Value ETF | 952% | $55.1M | +2.57% |
| FXZ | First Trust Materials AlphaDEX Fund | 819% | $28.9M | +2.01% |
| VSS | Vanguard FTSE All-World ex-US Small-Cap ETF | 665% | $249.0M | +2.22% |
| FLGB | Franklin FTSE United Kingdom ETF | 663% | $28.9M | +2.02% |
| NUKZ | Range Nuclear Renaissance Index ETF | 563% | $31.4M | +6.26% |
| EUFN | iShares MSCI Europe Financials ETF | 539% | $204.6M | +3.71% |
| PXH | Invesco RAFI Emerging Markets ETF | 527% | $34.5M | +1.97% |
| PHO | Invesco Water Resources ETF | 508% | $31.5M | +0.70% |
| FTXL | First Trust Nasdaq Semiconductor ETF | 442% | $137.8M | +3.88% |
Fixed Income
Fixed Income registered $26.8B in volume, operating at an 84% clip compared to its 30-day average. The overarching fixed income environment remained subdued, with Taxable Convertibles acting as an isolated bright spot for momentum.
High-Volume Categories
| Category | Activity vs ADV | $ Volume | 1-Day Return |
|---|---|---|---|
| Fixed Income: Taxable – Convertible | 195% | $417.0M | +1.55% |
High-Activity Ticker Outliers
| Ticker | Name | Activity vs ADV | $ Volume | 1D Return |
|---|---|---|---|---|
| FIIG | First Trust Intermediate Duration Investment Grade Corporate ETF | 537% | $18.6M | +0.60% |
| EAGG | iShares ESG Aware US Aggregate Bond ETF | 360% | $40.9M | +0.41% |
| SMBS | Schwab Mortgage-Backed Securities ETF | 341% | $58.6M | +0.45% |
| EVLN | Eaton Vance Floating-Rate ETF | 286% | $9.1M | +0.16% |
| FTRB | Federated Hermes Total Return Bond ETF | 279% | $9.7M | +0.38% |
| CAM | AB California Intermediate Municipal ETF | 277% | $7.7M | +0.14% |
| ICVT | iShares Convertible Bond ETF | 266% | $243.0M | +2.23% |
| UCON | First Trust Smith Unconstrained Bond ETF | 258% | $34.5M | +0.30% |
| BSJS | Invesco BulletShares 2028 High Yield Corporate Bond ETF | 252% | $7.1M | +0.21% |
| DFIP | Dimensional Inflation-Protected Securities ETF | 248% | $7.5M | +0.02% |
Commodities
Commodities marked a relatively quiet session with $8.6B traded, pacing at just 75% of the average volume. High-activity anomalies were sparse, filtering predominantly into niche allocations.
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 | 188% | $5.4M | -1.89% |
| CPER | United States Copper Index Fund | 162% | $37.8M | +3.48% |
| COM | Direxion Auspice Broad Commodity Strategy ETF | 157% | $9.4M | -0.75% |
| SIVR | abrdn Physical Silver Shares ETF | 152% | $211.9M | +6.55% |
Digital Asset
Digital Asset volume posted $4.4B, landing at a baseline 103% of its 30-day norm. Altcoin-related offerings displayed increased velocity as capital shifted further across the digital ecosystem spectrum.
High-Volume Categories
| Category | Activity vs ADV | $ Volume | 1-Day Return |
|---|---|---|---|
| Digital Asset: Cryptocurrency – Altcoin | 167% | $105.2M | +2.12% |
High-Activity Ticker Outliers
| Ticker | Name | Activity vs ADV | $ Volume | 1D Return |
|---|---|---|---|---|
| BSOL | Bitwise Solana Staking ETF | 184% | $39.1M | +3.43% |
| BITO | ProShares Bitcoin ETF | 176% | $1.8B | -0.13% |
| EZBC | Franklin Bitcoin ETF | 153% | $9.0M | -0.22% |
Currencies
Currencies observed a heavily subdued session at $108.7M, maintaining only 73% of normal activity as directional momentum broadly stalled in FX funds.
High-Volume Categories
No items met the inclusion criteria for this session.
High-Activity Ticker Outliers
| Ticker | Name | Activity vs ADV | $ Volume | 1D Return |
|---|---|---|---|---|
| FXY | Invesco Currencyshares Japanese Yen Trust | 205% | $24.8M | +0.87% |
Alternatives
Alternatives printed $927.3M in traded volume, reaching just 72% of average flow levels. Demand proved lackluster across the asset class with no major categories meeting high-volume anomaly criteria.
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 products acted as a primary driver of risk assumption, surging to 129% of normal liquidity with $54.9B traded. Highly concentrated and leveraged single-stock bets commanded outsized speculative attention.
High-Volume Categories
| Category | Activity vs ADV | $ Volume | 1-Day Return |
|---|---|---|---|
| Non-Traditional: Leverage | Inverse – Single Stock | 171% | $19.4B | +4.73% |
| Non-Traditional: Synthetic Income – Single Stock | 136% | $329.4M | +2.08% |
High-Activity Ticker Outliers
| Ticker | Name | Activity vs ADV | $ Volume | 1D Return |
|---|---|---|---|---|
| AMDL | GraniteShares 2x Long AMD Daily ETF | 657% | $1.8B | +36.74% |
| INTW | GraniteShares 2x Long INTC Daily ETF | 451% | $445.0M | +8.57% |
| SNXX | Tradr 2X Long SNDK Daily ETF | 333% | $2.3B | +2.06% |
| OKLL | Defiance Daily Target 2x Long OKLO ETF | 317% | $327.8M | +30.41% |
| LITX | Tradr 2X Long LITE Daily ETF | 313% | $697.1M | -12.56% |
| GOOY | YieldMax GOOGL Option Income Strategy ETF | 264% | $14.9M | +1.61% |
| IRE | Defiance Daily Target 2X Long IREN ETF | 243% | $257.2M | +23.71% |
| SBAR | Simplify Barrier Income ETF | 242% | $8.8M | +0.31% |
| TSMX | Direxion Daily TSM Bull 2X ETF | 234% | $168.2M | +12.51% |
| MUU | Direxion Daily MU Bull 2X ETF | 218% | $1.2B | +8.81% |
Multi-Asset
Multi-Asset allocations saw moderate outperformance relative to their volume profile, logging $256.2M for a 112% activity measurement. While not producing distinct category standouts, tactical allocations captured mild volume accelerations.
High-Volume Categories
No items met the inclusion criteria for this session.
High-Activity Ticker Outliers
| Ticker | Name | Activity vs ADV | $ Volume | 1D Return |
|---|---|---|---|---|
| PCEF | Invesco CEF Income Composite ETF | 257% | $9.2M | +0.65% |
| ALLW | State Street Bridgewater All Weather ETF | 209% | $38.4M | +1.19% |
| HECA | Hedgeye Capital Allocation ETF | 156% | $12.6M | -0.75% |
