Macro Summary
Overall market activity was balanced during the session, with total trading volume reaching $243.51B, representing 95% of the 30-day average. Non-Traditional and Alternative asset classes experienced elevated engagement, whereas Commodity and Multi-Asset volumes remained comparatively subdued.
| Asset Class | Volume | 30D Avg. | % of 30D Avg. |
|---|---|---|---|
| Equity | $154.23B | $166.00B | 93% |
| Fixed Income | $28.65B | $28.88B | 99% |
| Commodities | $6.34B | $8.59B | 74% |
| Digital Asset | $3.47B | $4.24B | 82% |
| Currencies | $121.39M | $123.71M | 98% |
| Alternatives | $1.18B | $1.10B | 107% |
| Non-Traditional | $49.31B | $47.61B | 104% |
| Multi-Asset | $186.56M | $234.76M | 79% |
Equity
Equity trading exhibited a muted tone overall, capturing 93% of its 30-day average volume at $154.23B. However, concentrated thematic strategies and ex-U.S. value positioning drove prominent pockets of outlier activity.
High-Volume Categories
| Category | Activity vs ADV | $ Volume | 1-Day Return |
|---|---|---|---|
| Equity: Global Ex-U.S. Large Cap – Value | 154% | $1.04B | +0.24% |
| Equity: Thematic – Industrial Revolution | 142% | $656.31M | +1.07% |
| Equity: Region – Eurozone | 134% | $843.63M | +0.57% |
High-Activity Ticker Outliers
| Ticker | Name | Activity vs ADV | $ Volume | 1D Return |
|---|---|---|---|---|
| AVIV | Avantis International Large Cap Value ETF | 1265% | $180.00M | +0.15% |
| DDWM | WisdomTree Dynamic International Equity Fund | 725% | $36.78M | +0.41% |
| IXN | iShares Global Tech ETF | 619% | $309.15M | +1.15% |
| IHDG | WisdomTree International Hedged Quality Dividend Growth Fund | 526% | $35.61M | +0.50% |
| PHO | Invesco Water Resources ETF | 505% | $38.16M | +0.21% |
| RWJ | Invesco S&P SmallCap 600 Revenue ETF | 494% | $19.71M | +0.77% |
| AVLV | Avantis U.S. Large Cap Value ETF | 463% | $284.21M | +0.24% |
| JHMD | John Hancock Multifactor Developed International ETF | 419% | $22.86M | +0.31% |
| ICOW | Pacer Developed Markets International Cash Cows 100 ETF | 330% | $28.42M | +0.86% |
| NASA | Tema Space Innovators ETF | 310% | $262.81M | -0.35% |
Fixed Income
Fixed Income volumes closely tracked historical averages, clearing $28.65B on 99% of its 30-day norm. High-yield and securitized credit profiles attracted outsized capital flows during the session.
High-Volume Categories
| Category | Activity vs ADV | $ Volume | 1-Day Return |
|---|---|---|---|
| Fixed Income: Taxable – Bank Loans | 163% | $653.00M | -0.20% |
| Fixed Income: Taxable – Preferred Stock | 146% | $330.82M | -0.13% |
| Fixed Income: Taxable – Securitized | 143% | $619.08M | 0.00% |
| Fixed Income: Specialty – Defined Maturity | 134% | $405.50M | +0.03% |
| Fixed Income: Taxable – Inflation Protected | 131% | $787.67M | -0.03% |
High-Activity Ticker Outliers
| Ticker | Name | Activity vs ADV | $ Volume | 1D Return |
|---|---|---|---|---|
| IFLN | Invesco Bloomberg Enhanced Fallen Angels ETF | 848% | $23.17M | -0.03% |
| CDX | Simplify High Yield ETF | 796% | $20.00M | +0.02% |
| BSCX | Invesco BulletShares 2033 Corporate Bond ETF | 749% | $28.88M | +0.04% |
| JMTG | JPMorgan Mortgage-Backed Securities ETF | 746% | $142.23M | -0.06% |
| BSJT | Invesco BulletShares 2029 High Yield Corporate Bond ETF | 499% | $13.53M | -0.09% |
| KORP | American Century Diversified Corporate Bond ETF | 498% | $15.77M | +0.13% |
| SYFI | AB Short Duration High Yield ETF | 466% | $18.15M | -0.03% |
| PGX | Invesco Preferred ETF | 418% | $93.11M | -0.23% |
| MTBA | Simplify MBS ETF | 405% | $37.62M | +0.16% |
| BSCT | Invesco BulletShares 2029 Corporate Bond ETF | 395% | $43.04M | +0.03% |
Commodities
Commodity trading was notably subdued, registering just $6.34B representing a soft 74% of its 30-day average activity level.
High-Volume Categories
No items met the inclusion criteria for this session.
High-Activity Ticker Outliers
| Ticker | Name | Activity vs ADV | $ Volume | 1D Return |
|---|---|---|---|---|
| OILK | ProShares K-1 Free Crude Oil ETF of Benef Interest | 235% | $25.75M | +0.13% |
| OUNZ | VanEck Merk Gold ETF | 166% | $47.00M | -0.11% |
| BNO | United States Brent Oil Fund LP | 161% | $364.76M | +0.02% |
Digital Asset
Digital Asset activity registered below typical thresholds, pacing at 82% of typical volume with $3.47B traded across the complex.
High-Volume Categories
No items met the inclusion criteria for this session.
High-Activity Ticker Outliers
| Ticker | Name | Activity vs ADV | $ Volume | 1D Return |
|---|---|---|---|---|
| XRPC | Canary XRP ETF | 191% | $4.89M | +0.61% |
Currencies
Currency ETF trading was balanced, reaching $121.39M for the session, or 98% of its trailing monthly average.
High-Volume Categories
No items met the inclusion criteria for this session.
High-Activity Ticker Outliers
| Ticker | Name | Activity vs ADV | $ Volume | 1D Return |
|---|---|---|---|---|
| FXE | Invesco CurrencyShares Euro Trust | 305% | $49.23M | -0.07% |
Alternatives
Alternatives saw steady engagement, driven by short-volatility focused products, completing the session at 107% of normal levels.
High-Volume Categories
| Category | Activity vs ADV | $ Volume | 1-Day Return |
|---|---|---|---|
| Alternative: Volatility – Short | 148% | $201.68M | +1.39% |
High-Activity Ticker Outliers
No items met the inclusion criteria for this session.
Non-Traditional
Non-Traditional strategies posted solid activity above historical benchmarks, executing $49.31B at 104% of typical ADV, marked significantly by leveraged positioning shifts.
High-Volume Categories
| Category | Activity vs ADV | $ Volume | 1-Day Return |
|---|---|---|---|
| Non-Traditional: Leverage | Inverse – Fixed Income | 165% | $300.12M | -0.13% |
High-Activity Ticker Outliers
| Ticker | Name | Activity vs ADV | $ Volume | 1D Return |
|---|---|---|---|---|
| SBAR | Simplify Barrier Income ETF | 693% | $25.33M | -0.76% |
| QDPL | Pacer Metaurus US Large Cap Dividend Multiplier 400 ETF | 390% | $24.52M | +0.66% |
| KORU | Direxion Daily MSCI South Korea Bull 3X ETF | 265% | $1.15B | +9.74% |
| ACYN | FT Vest Laddered Autocallable Barrier & Income ETF | 251% | $46.41M | -0.14% |
| IONX | Defiance Daily Target 2X Long IONQ ETF | 220% | $310.62M | +24.82% |
| IWMI | NEOS Russell 2000 High Income ETF | 199% | $33.21M | +0.92% |
| OMAH | VistaShares Target 15 Berkshire Select Income ETF | 178% | $20.27M | +0.34% |
| RKLX | Defiance Daily Target 2X Long RKLB ETF | 171% | $308.31M | -12.55% |
| NVDL | GraniteShares 2x Long NVDA Daily ETF | 161% | $1.44B | -3.71% |
| TMF | Direxion Daily 20+ Year Treasury Bull 3X ETF | 161% | $200.18M | +0.91% |
Multi-Asset
Multi-Asset volumes were noticeably subdued during the session, completing the day at 79% of normal flow relative to the trailing 30-day measure.
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.
