Macro Summary
Global exchange-traded funds saw $296.2 billion in total volume (106% of the 30-day average) on Tuesday. The defining story of the session was a surge in activity within the Equity: Thematic – Evolving Consumer category, which saw turnover swell to 207% of its average while finishing higher by +0.33%. This activity was largely driven by heavy turnover in First Trust Dow Jones Internet Index Fund (FDN) (+0.01%) and homebuilders like State Street SPDR S&P Homebuilders ETF (XHB) (+2.98%).
Asset Class Summary
| Asset Class | Volume | 30D Avg. | % of 30D Avg. |
|---|---|---|---|
| Equity | $206.8B | $190.8B | 108% |
| Fixed Income | $33.5B | $29.8B | 113% |
| Commodity | $9.4B | $7.8B | 120% |
| Digital Asset | $6.8B | $7.6B | 89% |
| Currency | $131.1M | $82.5M | 159% |
| Alternative | $1.3B | $1.4B | 91% |
| Non-Traditional | $38.0B | $40.4B | 94% |
| Multi-Asset | $184.9M | $170.1M | 109% |
Equity
Equity ETFs saw $206.8 billion in total volume, trading at 108% of the 30-day average. Activity was notably elevated in the Equity: Sector – Financials category (finishing the day up +1.61%) and Equity: U.S. Mid Cap – Blend (closing +1.61%). The session was largely driven by heavy turnover in names like First Trust Industrials/Producer Durables AlphaDEX Fund (FXR) (closing +3.06%) and T. Rowe Price U.S. Equity Research ETF (TSPA) (+0.75%).
High-Volume Categories (>$100M Traded)
| Category | Activity vs ADV | $ Volume | 1-Day Return |
|---|---|---|---|
| Equity: Sector – Financials | 126% | $4.8B | +1.61% |
| Equity: U.S. Mid Cap – Blend | 130% | $2.8B | +1.61% |
| Equity: Thematic – Evolving Consumer | 207% | $1.3B | +0.33% |
| Equity: U.S. Small Cap – Value | 161% | $630.7M | +1.99% |
| Equity: Thematic – Infrastructure | 130% | $378.3M | +0.82% |
High-Activity Ticker Outliers
| Ticker | Name | Activity vs ADV | $ Volume | 1D Return |
|---|---|---|---|---|
| TSPA | T. Rowe Price U.S. Equity Research ETF | 961% | $56.0M | +0.75% |
| LGLV | State Street SPDR US Large Cap Low Volatility Index ETF | 926% | $37.5M | +0.68% |
| FXR | First Trust Industrials/Producer Durables AlphaDEX Fund | 898% | $91.8M | +3.06% |
| RSPU | Invesco S&P 500 Equal Weight Utilities ETF | 810% | $24.5M | -0.25% |
| QGRO | American Century U.S. Quality Growth ETF | 632% | $52.8M | +0.58% |
| USMC | Principal U.S. Mega-Cap ETF | 615% | $33.1M | +0.38% |
| EWL | iShares MSCI Switzerland ETF | 414% | $108.2M | +1.19% |
| PSC | Principal U.S. Small-Cap ETF | 413% | $21.3M | +1.21% |
| IYJ | iShares U.S. Industrials ETF | 412% | $30.9M | +1.96% |
| XOVR | ERShares Private-Public Crossover ETF | 401% | $16.5M | -0.20% |
Fixed Income
Fixed Income ETFs recorded $33.5 billion in volume, operating at 113% of the 30-day average. The asset class was led by the Fixed Income: Taxable – Government Intermediate category (closing +0.27%), alongside robust flows in Fixed Income: Taxable – Ultrashort (+0.04%). Trading was highlighted by significant activity in PIMCO Municipal Income Opportunities Active Exchange-Traded Fund (MINO) (+0.17%) and JPMorgan Flexible Debt ETF (JFLX) (+0.30%).
High-Volume Categories (>$100M Traded)
| Category | Activity vs ADV | $ Volume | 1-Day Return |
|---|---|---|---|
| Fixed Income: Municipal – Single State | 180% | $100.9M | +0.04% |
| Fixed Income: Taxable – Government Intermediate | 169% | $1.1B | +0.27% |
| Fixed Income: Taxable – Ultrashort | 142% | $2.0B | +0.04% |
| Fixed Income: Taxable – Government Long | 139% | $6.2B | +0.31% |
| Fixed Income: Municipal – High Yield | 133% | $113.4M | +0.10% |
High-Activity Ticker Outliers
| Ticker | Name | Activity vs ADV | $ Volume | 1D Return |
|---|---|---|---|---|
| MINO | PIMCO Municipal Income Opportunities Active Exchange-Traded Fund | 797% | $22.0M | +0.17% |
| JFLX | JPMorgan Flexible Debt ETF | 676% | $23.3M | +0.30% |
| HFSI | Hartford Strategic Income ETF | 675% | $33.1M | +0.27% |
| IBTK | iShares iBonds Dec 2030 Term Treasury ETF | 424% | $13.5M | +0.23% |
| EVMO | Eaton Vance Mortgage Opportunities ETF | 344% | $13.4M | +0.29% |
| JAAA | Janus Henderson AAA CLO ETF | 343% | $915.4M | +0.07% |
| HYLB | Xtrackers USD High Yield Corporate Bond ETF | 292% | $145.1M | +0.22% |
| BWZ | SPDR Bloomberg Short Term International Treasury Bond ETF | 271% | $8.6M | +0.63% |
| LQDH | iShares Interest Rate Hedged Corporate Bond ETF | 259% | $9.5M | +0.22% |
| IEI | iShares 3-7 Year Treasury Bond ETF | 239% | $548.6M | +0.24% |
Commodities
Commodity ETFs saw $9.4 billion in total volume, trading at 120% of the 30-day average. Activity was most concentrated in the Commodity: Focused – Energy category (finishing the day up +0.67%). The session was largely driven by heavy turnover in iShares Silver Trust (SLV) (closing +1.57%) and USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund (SDCI) (+0.74%).
High-Volume Categories (>$100M Traded)
| Category | Activity vs ADV | $ Volume | 1-Day Return |
|---|---|---|---|
| Commodity: Focused – Energy | 157% | $773.8M | +0.67% |
High-Activity Ticker Outliers
| Ticker | Name | Activity vs ADV | $ Volume | 1D Return |
|---|---|---|---|---|
| SLV | iShares Silver Trust | 209% | $3.0B | +1.57% |
| SDCI | USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund | 201% | $5.3M | +0.74% |
| USO | United States Oil Fund LP | 184% | $541.9M | +1.07% |
| HGER | Harbor Commodity All-Weather Strategy ETF | 181% | $21.6M | +0.21% |
| PALL | abrdn Physical Palladium Shares ETF | 172% | $64.9M | -2.27% |
| PPLT | abrdn Physical Platinum Shares ETF | 171% | $71.9M | -2.51% |
Digital Asset
Digital Asset ETFs saw $6.8 billion in volume, coming in at 89% of the 30-day average. While activity was generally muted across the complex, the Digital Asset: Cryptocurrency – Ethereum category saw the most relative interest (finishing +0.77%). Overall trading was quiet with no significant ticker outliers to report.
High-Volume Categories (>$100M Traded)
| Category | Activity vs ADV | $ Volume | 1-Day Return |
|---|---|---|---|
| No categories met the high-volume criteria. | |||
High-Activity Ticker Outliers
| Ticker | Name | Activity vs ADV | $ Volume | 1D Return |
|---|---|---|---|---|
| No high-activity ticker outliers for this asset class. | ||||
Currency
Currency ETFs saw $131.1 million in volume, trading well above average at 159% of the 30-day mean. The Currency category led the way (finishing up +0.21%), largely driven by heavy turnover in Invesco Currencyshares Japanese Yen Trust (FXY) (closing +0.65%) and Invesco DB US Dollar Index Bullish Fund (UUP) (down -0.53%).
High-Volume Categories (>$100M Traded)
| Category | Activity vs ADV | $ Volume | 1-Day Return |
|---|---|---|---|
| Currency | 159% | $131.1M | +0.21% |
High-Activity Ticker Outliers
| Ticker | Name | Activity vs ADV | $ Volume | 1D Return |
|---|---|---|---|---|
| FXY | Invesco Currencyshares Japanese Yen Trust | 209% | $17.7M | +0.65% |
| UUP | Invesco DB US Dollar Index Bullish Fund | 173% | $64.6M | -0.53% |
Alternatives
Alternative ETFs saw $1.3 billion in volume, trading at 91% of the 30-day average. While overall volumes were lighter than usual, the Alternative: Volatility – Long category remained the most active area (finishing down -4.09%). There were no specific high-volume categories or ticker outliers to report for the session.
High-Volume Categories (>$100M Traded)
| Category | Activity vs ADV | $ Volume | 1-Day Return |
|---|---|---|---|
| No categories met the high-volume criteria. | |||
High-Activity Ticker Outliers
| Ticker | Name | Activity vs ADV | $ Volume | 1D Return |
|---|---|---|---|---|
| No high-activity ticker outliers for this asset class. | ||||
Non-Traditional
Non-Traditional ETFs saw $38.0 billion in volume, trading at 94% of the 30-day average. Activity was concentrated in the Non-Traditional: Leverage | Inverse – Fixed Income category (finishing the day down -0.08%) and Non-Traditional: Leverage | Inverse – Commodity (closing -0.31%). The session was largely driven by heavy turnover in Direxion Daily Regional Banks Bull 3X Shares (DPST) (+10.64%) and ProShares Ultra Silver (AGQ) (+3.07%).
High-Volume Categories (>$100M Traded)
| Category | Activity vs ADV | $ Volume | 1-Day Return |
|---|---|---|---|
| Non-Traditional: Leverage | Inverse – Fixed Income | 157% | $415.7M | -0.08% |
| Non-Traditional: Leverage | Inverse – Commodity | 141% | $1.4B | -0.31% |
High-Activity Ticker Outliers
| Ticker | Name | Activity vs ADV | $ Volume | 1D Return |
|---|---|---|---|---|
| DPST | Direxion Daily Regional Banks Bull 3X Shares | 295% | $165.5M | +10.64% |
| AGQ | ProShares Ultra Silver | 258% | $611.9M | +3.07% |
| UWM | ProShares Ultra Russell2000 | 237% | $34.6M | +2.89% |
| BMNU | T-REX 2X Long BMNR Daily Target ETF | 184% | $395.4M | +3.59% |
| DFEN | Direxion Daily Aerospace & Defense Bull 3X Shares | 176% | $16.5M | -5.75% |
| IWMI | NEOS Russell 2000 High Income ETF | 172% | $16.2M | +1.01% |
| TMF | Direxion Daily 20+ Year Treasury Bull 3X Shares | 162% | $326.8M | +0.74% |
| ACIO | Aptus Collared Investment Opportunity ETF | 160% | $8.9M | +0.33% |
| RYLD | Global X Russell 2000 Covered Call ETF | 158% | $13.7M | -0.16% |
| MSFU | Direxion Daily MSFT Bull 2X Shares | 156% | $74.2M | -10.60% |
Multi-Asset
Multi-Asset ETFs saw $184.9 million in volume, trading at 109% of the 30-day average. The Asset Allocation: Specialty – Multi-Asset Income category saw notable interest (finishing up +0.39%). The session was largely driven by heavy turnover in Return Stacked Global Stocks & Bonds ETF (RSSB) (closing +1.20%).
High-Volume Categories (>$100M Traded)
| Category | Activity vs ADV | $ Volume | 1-Day Return |
|---|---|---|---|
| No categories met the high-volume criteria. | |||
High-Activity Ticker Outliers
| Ticker | Name | Activity vs ADV | $ Volume | 1D Return |
|---|---|---|---|---|
| RSSB | Return Stacked Global Stocks & Bonds ETF | 214% | $6.7M | +1.20% |
