Macro Summary
Total ETF market volume finished at $261.1B, trading at 92% of its 30-day average, indicating a relatively subdued session overall. However, this quiet surface masked significant, concentrated activity in highly specific Non-Traditional strategies. The ‘Non-Traditional: Buffer – Fixed Income’ category, which finished the day down 0.08%, saw an extraordinary surge, trading at 712% of its average volume. This was complemented by another Non-Traditional category, ‘Non-Traditional: Synthetic Income – Multi-Asset’ (up 1.15%), which traded at 658% of its norm. Outside of these niche strategies, the ‘Equity: Thematic – Sustainability’ category (up 2.30%) also saw notable interest, trading at 199% of its average.
Asset Class Summary
| Asset Class | Volume | 30D Avg. | % of 30D Avg. |
|---|---|---|---|
| Non-Traditional | $37.3B | $41.4B | 90% |
| Equity | $178.8B | $186.2B | 96% |
| Fixed Income | $29.7B | $30.9B | 96% |
| Alternative | $1.2B | $1.5B | 81% |
| Digital Asset | $6.2B | $8.7B | 71% |
| Currency | $90.1M | $76.8M | 117% |
| Multi-Asset | $151.5M | $179.3M | 85% |
| Commodity | $7.7B | $13.4B | 58% |
Equity
Equity markets saw $178.8B in volume, trading at 96% of their 30-day average. Activity was notably concentrated in the ‘Equity: Thematic – Sustainability’ category (which surged +2.30% on the day), trading at 199% of its average. This was driven by high turnover in specific tickers, including ISCG (up +1.22%) and JQUA (up +1.04%), which traded at 560% and 374% of their normal volumes, respectively.
High-Volume Categories (>$100M Traded)
| Category | Activity vs ADV | $ Volume | 1-Day Return |
|---|---|---|---|
| Equity: Thematic – Sustainability | 199% | $356.6M | +2.30% |
| Equity: U.S. Mid Cap – Growth | 129% | $297.3M | +1.16% |
| Equity: Region – Asia-Pacific Emerging | 152% | $12.3M | +1.59% |
High-Activity Ticker Outliers
| Ticker | Name | Activity vs ADV | $ Volume | 1D Return |
|---|---|---|---|---|
| ISCG | iShares Morningstar Small-Cap Growth ETF | 560% | $14.7M | +1.22% |
| JQUA | JPMorgan U.S. Quality Factor ETF | 374% | $127.1M | +1.04% |
| ROBO | ROBO Global Robotics & Automation Index ETF | 312% | $21.5M | +1.59% |
| IXG | iShares Global Financials ETF | 310% | $7.9M | +0.75% |
| DFLV | Dimensional US Large Cap Value ETF | 297% | $84.3M | +0.70% |
| EWI | iShares MSCI Italy ETF | 278% | $64.5M | +1.88% |
| IYC | iShares U.S. Consumer Discretionary ETF | 274% | $77.7M | +0.93% |
| FPX | First Trust US Equity Opportunities ETF | 266% | $13.6M | +1.97% |
| SMLF | iShares U.S. SmallCap Equity Factor ETF | 265% | $31.7M | +0.83% |
| TAN | Invesco Solar ETF | 261% | $115.2M | +6.15% |
Fixed Income
The Fixed Income asset class traded $29.7B, or 96% of its 30-day average volume. No high-volume categories stood out, but activity was heavily concentrated in individual tickers. Interest was particularly high in EVLN (up +0.14%) and UBND (down -0.09%), which saw trading at 799% and 465% of their daily averages, respectively.
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 |
|---|---|---|---|---|
| EVLN | Eaton Vance Floating-Rate ETF | 799% | $21.3M | +0.14% |
| UBND | VictoryShares Core Plus Intermediate Bond ETF | 465% | $20.4M | -0.09% |
| BSJP | Invesco BulletShares 2025 High Yield Corporate Bond ETF | 427% | $12.4M | +0.00% |
| TUA | Simplify Short Term Treasury Futures Strategy ETF | 352% | $20.3M | -0.25% |
| GSY | Invesco Ultra Short Duration ETF | 304% | $93.6M | +0.03% |
| BSJR | Invesco BulletShares 2027 High Yield Corporate Bond ETF | 297% | $9.8M | +0.27% |
| GOVI | Invesco Equal Weight 0-30 Year Treasury ETF | 290% | $24.8M | -0.11% |
| GTO | Invesco Total Return Bond ETF | 252% | $19.9M | +0.00% |
| JPLD | JPMorgan Limited Duration Bond ETF | 237% | $39.2M | +0.05% |
| IBDX | iShares iBonds Dec 2032 Term Corporate ETF | 236% | $15.1M | -0.12% |
Commodities
Commodities traded $7.7B, a very light session at only 58% of the 30-day average volume. No categories met the high-volume criteria, and no individual tickers displayed significant outlier activity, indicating a broad lack of catalyst in the space.
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. | ||||
Crypto
The Digital Asset class saw $6.2B in volume, trading at 71% of its 30-day average. This quiet session had no high-volume categories, though some minor outlier activity was seen in BTCO (up +1.68%), which traded at 166% of its average volume.
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 |
|---|---|---|---|---|
| BTCO | Invesco Galaxy Bitcoin ETF | 166% | $39.9M | +1.68% |
Currencies
The Currency asset class was one of the few to show above-average activity, trading $90.1M, or 117% of its 30-day average. No specific categories or tickers stood out with significant outlier volume.
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. | ||||
Alternatives
Alternatives traded $1.2B, a quiet 81% of its 30-day average. The ‘Alternative: Absolute Return – Managed Futures’ category (up +1.20%) was a lone bright spot, trading at 151% of its average. This was largely driven by DBMF (up +1.08%) and SVOL (up +2.59%), which traded at 217% and 284% of their normal volumes, respectively.
High-Volume Categories (>$100M Traded)
| Category | Activity vs ADV | $ Volume | 1-Day Return |
|---|---|---|---|
| Alternative: Absolute Return – Managed Futures | 151% | $64.3M | +1.20% |
High-Activity Ticker Outliers
| Ticker | Name | Activity vs ADV | $ Volume | 1D Return |
|---|---|---|---|---|
| SVOL | Simplify Volatility Premium ETF | 284% | $21.8M | +2.59% |
| DBMF | iMGP DBi Managed Futures Strategy ETF | 217% | $51.4M | +1.08% |
Non-Traditional
Non-Traditional strategies saw $37.3B in volume, trading at 90% of their 30-day average. This space was home to the day’s most extreme activity, with the ‘Non-Traditional: Buffer – Fixed Income’ category (down -0.08%) trading at 712% of its average, and ‘Non-Traditional: Synthetic Income – Multi-Asset’ (up +1.15%) trading at 658% of its norm. The ‘Non-Traditional: Synthetic Income – Fixed Income’ category (up +0.17%) also saw high volume at 179% of its average, driven by turnover in TLTW (down -0.06%).
High-Volume Categories (>$100M Traded)
| Category | Activity vs ADV | $ Volume | 1-Day Return |
|---|---|---|---|
| Non-Traditional: Synthetic Income – Fixed Income | 179% | $96.2M | +0.17% |
| Non-Traditional: Buffer – Fixed Income | 712% | $12.0M | -0.08% |
| Non-Traditional: Synthetic Income – Multi-Asset | 658% | $8.5M | +1.15% |
High-Activity Ticker Outliers
| Ticker | Name | Activity vs ADV | $ Volume | 1D Return |
|---|---|---|---|---|
| SPYU | MAX S&P 500 4X Leveraged ETN | 201% | $73.3M | +6.23% |
| TLTW | iShares 20+ Year Treasury Bond BuyWrite Strategy ETF | 184% | $50.2M | -0.06% |
| DDM | ProShares Ultra Dow30 | 180% | $51.1M | +1.64% |
| PTIR | GraniteShares 2x Long PLTR Daily ETF | 164% | $244.7M | +17.41% |
| MUU | Direxion Daily MU Bull 2X Shares | 162% | $114.4M | +12.38% |
| FEPI | REX FANG & Innovation Equity Premium Income ETF | 154% | $10.8M | +2.24% |
Multi-Asset
Multi-Asset strategies traded $151.5M, representing 85% of their 30-day average volume. No categories met the high-volume criteria, but AOR (up +0.84%) showed notable interest, trading at 176% of its average volume.
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 |
|---|---|---|---|---|
| AOR | iShares Core 60/40 Balanced Allocation ETF | 176% | $29.3M | +0.84% |
