Weekly Channel Summary
The Single Stock ETF space is firing on all cylinders, swelling to a staggering $50B in total Assets Under Management across 457 active ETFs and 16 distinct issuers. Risk-on momentum was the undeniable theme this week, with traders pouring a massive +$1.50B into the channel over the last five days alone. This recent influx brings Year-To-Date flows to an impressive +$6.54B, reflecting an insatiable demand for highly targeted, leveraged, and income-generating exposures. The 1-year flow total has now eclipsed +$20.37B as the ecosystem continues to expand at a breakneck pace.
This Week’s Performance Leaders and Laggards
Semiconductors and quantum computing stocks absolutely skyrocketed, rewarding bulls with explosive upside. Names like Rigetti Computing and ARM Holdings delivered mid-40% weekly returns as the AI and next-gen tech trades caught a vicious tailwind. On the flip side, Chinese internet platforms and EV makers cratered, alongside niche fintech plays like Figure Technology, leaving bulls bruised as capital rotated aggressively toward the hottest tech verticals.
Top & Bottom Underlying Stock Performance (WTD)
| Ticker | Underlying Stock | Week-To-Date | Year-To-Date | # of ETFs |
|---|---|---|---|---|
| Top 5 Performing Underlying Stocks | ||||
| RGTI | Rigetti Computing, Inc. | +48.01% | +19.28% | 4 |
| ARM | ARM Holdings PLC | +46.54% | +180.40% | 3 |
| QBTS | D-Wave Quantum Inc. | +44.47% | +12.43% | 3 |
| NVTS | Navitas Semiconductor Corp. | +37.20% | +309.66% | 1 |
| ALAB | Astera Labs, Inc. | +31.89% | +84.47% | 1 |
| Bottom 5 Performing Underlying Stocks | ||||
| FUTU | Futu Holdings Ltd. | -33.33% | -44.49% | 1 |
| FIGR | Figure Technology Solutions, Inc. | -21.56% | -16.87% | 1 |
| NIO | NIO Inc. | -14.75% | +1.96% | 1 |
| ONDS | Ondas Inc. | -14.69% | -7.17% | 3 |
| BULL | Webull Corporation | -12.46% | -20.46% | 2 |
Weekly Performance: The Winners and Losers
The compounding effects of daily reset leverage were on full display this week. Bullish levered strategies tracking ARM and Rigetti Computing minted massive winners, with ARMG outright doubling investors’ money (+105.90%) in five trading sessions. Conversely, those attempting to short the quantum rally via inverse exposures like RGTZ and QBTZ faced absolute annihilation, bleeding nearly 75% of their NAV.
| Ticker | Fund Name | WTD Performance |
|---|---|---|
| Top 5 ETF Winners | ||
| ARMG | Leverage Shares 2X Long ARM Daily ETF | +105.90% |
| RGTU | Tradr 2X Long RGTI Daily ETF | +98.53% |
| RGTX | Defiance Daily Target 2X Long RGTI ETF | +97.73% |
| QBTX | Tradr 2X Long QBTS Daily ETF | +90.01% |
| NVTX | Tradr 2X Long NVTS Daily ETF | +76.11% |
| Bottom 5 ETF Losers | ||
| RGTZ | Defiance Daily Target 2x Short RGTI ETF | -75.01% |
| QBTZ | Defiance Daily Target 2x Short QBTS ETF | -74.51% |
| FUTG | Leverage Shares 2x Long FUTU Daily ETF | -62.30% |
| ASTN | Defiance Daily Target 2X Short ASTS ETF | -41.54% |
| FGRU | T-REX 2X Long FIGR Daily Target ETF | -40.18% |
Analyzing the Weekly Flows
The risk-on appetite was utterly ravenous this week. Levered strategies dominated the landscape, hoarding a massive +$1.26B as traders sought to magnify returns on their highest-conviction ideas. Synthetic Income options strategies also caught a bid, bringing in +$204M. Meanwhile, the bears retreated, pulling a net -$34M out of Inverse ETFs, signaling capitulation amidst the market’s aggressive melt-up.
Where the Money Went This Week
| Category | Fund Count | AUM | 5 Day | 30 Day | 90 Day | YTD | 1 Year |
|---|---|---|---|---|---|---|---|
| Levered | 273 | $40,394.6M | $1,267M | $3,064M | $3,062M | $6,241M | $10,458M |
| Synthetic Income: Opt.. | 102 | $8,129.8M | $204M | $537M | $709M | ($20M) | $8,960M |
| Synthetic Income | 1 | $129.1M | $2M | $4M | $21M | $10M | $134M |
| Synthetic Income: Aut.. | 2 | $3.0M | $0M | $1M | $1M | $1M | $1M |
| Currency Hedged | 9 | $22.7M | ($1M) | ($1M) | $2M | $2M | $5M |
| Inverse | 47 | $1,047.9M | ($34M) | $112M | $392M | $200M | $698M |
Flow Leaders & Laggards: The ETF Tale of the Tape
Traders piled into Micron and NVIDIA single stock ETFs with staggering conviction, backing up the truck on semiconductor exposure. MUU and NVDL soaked up a combined $685M. Meanwhile, investors aggressively hit the exits on legacy names and out-of-favor memory chips, dragging INTW and SNXX to the bottom of the outflows leaderboard.
| Ticker | Fund Name | 5-Day Flow |
|---|---|---|
| Top 5 Inflows | ||
| MUU | Direxion Daily MU Bull 2X ETF | $369M |
| NVDL | GraniteShares 2x Long NVDA Daily ETF | $316M |
| GGLL | Direxion Daily GOOGL Bull 2X ETF | $169M |
| MULL | GraniteShares 2x Long MU Daily ETF | $169M |
| MSTY | YieldMax MSTR Option Income Strategy ETF | $121M |
| Bottom 5 Outflows | ||
| INTW | GraniteShares 2x Long INTC Daily ETF | ($130M) |
| SNXX | Tradr 2X Long SNDK Daily ETF | ($121M) |
| ASTX | Tradr 2X Long ASTS Daily ETF | ($57M) |
| AMDL | GraniteShares 2x Long AMD Daily ETF | ($46M) |
| IONX | Defiance Daily Target 2X Long IONQ ETF | ($27M) |
Issuer League Table Update
Direxion remains the undisputed heavyweight champion of the single-stock ETF channel, cementing its dominance with nearly a third of all assets and raking in another +$550M this week. GraniteShares holds strong as the runner-up, effectively soaking up the semiconductor hype alongside Direxion. On the outflow side, the damage was incredibly minimal across the board—no single issuer faced a massive exodus, indicating that money is sloshing around within the channel rather than fleeing it.
The Heavyweights: Top 5 Issuers by AUM
| Brand | Fund Count | AUM | AUM Market Share |
|---|---|---|---|
| Direxion | 51 | $15.48B | 31.06% |
| GraniteShares | 66 | $10.92B | 21.91% |
| Tradr | 58 | $7.22B | 14.48% |
| YieldMax | 41 | $6.63B | 13.31% |
| Defiance | 55 | $3.43B | 6.88% |
Weekly Flows: Issuer Edition
| Brand | 5-Day Flow |
|---|---|
| Top 3 Issuer Inflows | |
| Direxion | $550M |
| GraniteShares | $392M |
| YieldMax | $174M |
| Bottom 3 Issuer Outflows | |
| ADRhedged | -$2M |
| Bitwise | -$1M |
| Simplify | $0M |
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.
