Macro Summary
Total market volume for the session reached $306.7B, representing approximately 96% of the 30-day average. The trading day was characterized by significant activity in Equity and Commodity segments, while Fixed Income remained relatively subdued. Digital Assets saw a volatile session with negative returns across the board, contrasting with a general upward trend in several Equity regions and Commodity energy sectors.
| Asset Class | Volume | 30D Avg. | % of 30D Avg. |
|---|---|---|---|
| Equity | $213.8B | $209.3B | 102% |
| Fixed Income | $29.1B | $31.9B | 91% |
| Commodities | $15.0B | $29.2B | 51% |
| Digital Asset | $5.8B | $7.2B | 81% |
| Currencies | $111.0M | $111.0M | 100% |
| Alternatives | $1.1B | $1.1B | 99% |
| Non-Traditional | $41.5B | $41.0B | 101% |
| Multi-Asset | $282.5M | $232.6M | 121% |
Equity
The Equity asset class recorded $213.8B in volume, operating at 102% of its average. Regional pockets showed high activity, particularly in Asia-Pacific Ex-Japan (162%) and Country Specific funds (113%). The Materials sector also experienced a surge, trading at 158% of average volume with a +1.75% return.
High-Volume Categories
| Category | Activity vs ADV | $ Volume | 1-Day Return |
|---|---|---|---|
| Equity: Region – Asia-Pacific | 178% | $174.0M | +1.28% |
| Equity: Region – Asia-Pacific Ex-Japan | 162% | $247.1M | +1.72% |
| Equity: Sector – Materials | 158% | $1.4B | +1.75% |
| Equity: Thematic – Multi-Sector | 143% | $957.5M | -0.40% |
| Equity: Sector – Real Estate | 138% | $2.5B | +0.10% |
High-Activity Ticker Outliers
| Ticker | Name | Activity vs ADV | $ Volume | 1D Return |
|---|---|---|---|---|
| PXH | Invesco RAFI Emerging Markets ETF | 1235% | $95.0M | +0.95% |
| XSW | State Street SPDR S&P Software & Services ETF | 722% | $67.7M | -3.48% |
| DHS | WisdomTree U.S. High Dividend Fund | 465% | $18.9M | +0.74% |
| GII | State Street SPDR S&P Global Infrastructure ETF | 457% | $12.5M | +1.02% |
| EWJV | iShares MSCI Japan Value ETF | 438% | $43.3M | +1.05% |
| FVAL | Fidelity Value Factor ETF | 411% | $12.6M | +0.16% |
| DJD | Invesco Dow Jones Industrial Average Dividend ETF | 389% | $10.1M | +0.30% |
| FLTW | Franklin FTSE Taiwan ETF | 374% | $64.1M | +3.08% |
| VNQI | Vanguard Global ex-U.S. Real Estate ETF | 358% | $58.9M | +0.50% |
| ARKF | ARK Blockchain & Fintech Innovation ETF | 300% | $37.4M | -3.80% |
Fixed Income
Fixed Income volume was $29.1B (91% of ADV). Municipal Intermediate was the standout category with 132% activity. Government Long Treasuries were actively traded at 100% volume, though returns were notably negative as long-end yields adjusted.
High-Volume Categories
| Category | Activity vs ADV | $ Volume | 1-Day Return |
|---|---|---|---|
| Fixed Income: Municipal – Intermediate | 132% | $1.4B | -0.11% |
High-Activity Ticker Outliers
| Ticker | Name | Activity vs ADV | $ Volume | 1D Return |
|---|---|---|---|---|
| BHYB | Xtrackers USD High Yield BB-B ex Financials ETF | 910% | $119.9M | -0.06% |
| DMBS | DoubleLine Mortgage ETF | 480% | $23.1M | -0.05% |
| HYGV | FlexShares High Yield Value-Scored Bond Index Fund | 436% | $21.6M | +0.04% |
| GOVI | Invesco Equal Weight 0-30 Year Treasury ETF | 388% | $33.6M | -0.32% |
| BSCW | Invesco BulletShares 2032 Corporate Bond ETF | 344% | $26.3M | -0.12% |
| MTBA | Simplify MBS ETF | 319% | $34.9M | -0.21% |
| UYLD | Angel Oak UltraShort Income ETF | 311% | $26.8M | -0.02% |
| LONZ | PIMCO Senior Loan Active Exchange-Traded Fund | 287% | $11.8M | +0.01% |
| PAAA | PGIM AAA CLO ETF | 277% | $227.4M | -0.03% |
| FLRN | State Street SPDR Bloomberg Investment Grade Floating Rate ETF | 273% | $69.8M | -0.02% |
Commodities
Commodities traded $15.0B, roughly 51% of average volume. Energy focused funds were the only area showing elevated relative activity (113%), driven largely by the United States Oil Fund. Precious Metals remained the volume leader in absolute terms but was notably quiet relative to recent history.
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 | 703% | $23.2M | +0.66% |
| USO | United States Oil Fund LP | 162% | $812.6M | +1.11% |
Digital Asset
Digital Assets saw $5.8B in volume (81% of ADV). The session was predominantly negative, with Ethereum-focused funds dropping over 2.6%. Bitcoin-focused funds also pulled back by 1.3% as the asset class experienced a broad retreat.
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.
Currencies
Currencies traded $111.0M, almost exactly matching the 30-day average. Returns were positive on average (+0.23%), though individual ticker activity did not reach outlier status for larger funds.
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.
Alternatives
Alternatives volume reached $1.1B (99% of ADV). Event Driven strategies saw the highest relative category activity (239%), while Volatility strategies remained the largest volume contributor in the class.
High-Volume Categories
No items met the inclusion criteria for this session.
High-Activity Ticker Outliers
| Ticker | Name | Activity vs ADV | $ Volume | 1D Return |
|---|---|---|---|---|
| QAI | NYLI Hedge Multi-Strategy Tracker ETF | 174% | $4.9M | +0.12% |
Non-Traditional
The Non-Traditional space saw $41.5B in volume (101% of ADV). Leveraged Single Stock ETFs remained a focus for tactical traders, while Buffer strategies also saw high relative activity (118%). TSLY and SFLR were among the most active outliers in their respective niches.
High-Volume Categories
No items met the inclusion criteria for this session.
High-Activity Ticker Outliers
| Ticker | Name | Activity vs ADV | $ Volume | 1D Return |
|---|---|---|---|---|
| SFLR | Innovator Equity Managed Floor ETF | 555% | $56.7M | -0.08% |
| CSHI | NEOS Enhanced Income 1-3 Month T-Bill ETF | 200% | $29.5M | -0.39% |
| TSLY | YieldMax TSLA Option Income Strategy ETF | 164% | $47.3M | +0.39% |
| SOXS | Direxion Daily Semiconductor Bear 3x Shares | 154% | $1.5B | -7.42% |
| SDS | ProShares UltraShort S&P 500 | 151% | $296.2M | -0.06% |
Multi-Asset
Multi-Asset volume was $282.5M (121% of ADV). Real Assets saw a huge spike in activity (312%), led by RLY which traded at over 640% of its average volume. Broad Target Risk Growth funds also remained popular, with Capital Group’s CGBL leading in volume.
High-Volume Categories
No items met the inclusion criteria for this session.
High-Activity Ticker Outliers
| Ticker | Name | Activity vs ADV | $ Volume | 1D Return |
|---|---|---|---|---|
| RLY | State Street Multi-Asset Real Return ETF | 643% | $25.7M | +1.45% |
| CGBL | Capital Group Core Balanced ETF | 170% | $72.4M | +0.15% |
| RSSB | Return Stacked Global Stocks & Bonds ETF | 171% | $5.3M | -0.08% |
| RAAX | VanEck Real Assets ETF | 158% | $15.5M | +1.09% |
Disclaimer: This AI-assisted commentary is for informational purposes only. The “High-Volume Categories” table includes categories with over $100M in volume and activity at least 125% of their 30-day average, limited to the top 5 by activity percentage. The “High-Activity Ticker Outliers” table shows the top 10 ETFs from each asset class, sorted by the highest trading activity versus their 30-day average. All reported ETFs have AUM over $250M and an ADV greater than $2.5M.
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.
