Weekly Recap: Tech Wrecks & Rebounds Drive Wild Single Stock Swings

Weekly Channel Summary

The Single Stock ETF channel continues its dynamic run, now commanding a hefty $44 billion in AUM across 336 products from 18 issuers. The story this week was one of steady accumulation, as the channel pulled in a net $701 million in new money. This builds on an already explosive year, with year-to-date flows now sitting at a staggering $20.23 billion, and the one-year haul topping $26.18 billion. It’s clear that traders are increasingly using these tools to make high-conviction bets on individual names.

This Week’s Performance Leaders and Laggards

This week’s performance was a tale of targeted, explosive gains in the tech sector. The underlying driver was Credo Technology Group Holding Ltd. (CRDO), which skyrocketed over 20%, lighting a fire under its associated levered ETF. On the flip side, the pain was concentrated in the energy space, with Enphase Energy, Inc. (ENPH) cratering nearly 16%, handing out a brutal lesson on the downside of leverage to traders caught on the wrong side of the move.

Top & Bottom 5 Underlying Stock Performance (WTD)

Weekly Performance: The Winners and Losers

The undisputed champion of the week was the Tradr 2X Long CRDO Daily ETF (CRDU), which posted a staggering 42.58% gain. On the losing end, the Tradr 2X Long ENPH Daily ETF (ENPX) took the biggest hit, plunging 31.76%, while the Defiance Daily Target 2x Short RGTI ETF (RGTZ) also felt the pain with a 27.93% drop. As always, these moves are a sharp reminder of the power of daily resets; due to compounding, weekly performance for levered and inverse funds won’t be a perfect mirror image of the underlying stock’s move.

Analyzing the Weekly Flows

The $701 million in net inflows this week tells a clear story of bullish conviction. Traders piled into Levered funds, which vacuumed up $507 million, dominating the week’s activity. Interestingly, every single category saw net inflows, with Synthetic Income products pulling in a respectable $104 million, followed by Inverse funds at $88 million. The broad-based inflows, led by an aggressive push into levered products, signals a strong risk-on sentiment among single-stock traders.

Where the Money Went This Week

Flow Leaders & Laggards: The ETF Tale of the Tape

Drilling down, the flow story was all about a massive bet on a META rebound and an exodus from the high-flying EV and AI names. Investors piled into the Direxion Daily META Bull 2X Shares (METU), jamming $464 million into the fund despite (or because of) the stock’s rough week. But they couldn’t get out of Tesla and NVIDIA fast enough. The Direxion Daily TSLA Bull 2X Shares (TSLL) bled $436 million, and the GraniteShares 2x Long NVDA Daily ETF (NVDL) saw a $189 million exit, signaling major profit-taking in two of the market’s biggest darlings.

Issuer League Table Update

The battle for dominance among issuers remains a two-horse race, with Direxion holding the top spot at 27.58% of the market’s AUM, followed closely by YieldMax at 24.66%. But the real story this week was in the flows: Defiance had a monster week, pulling in $284 million in new assets. On the other end, YieldMax, despite its massive AUM, was the only major issuer to see a net exodus, shedding $20 million in a rare week of outflows for the income-focused giant.

The Heavyweights: Top 5 Issuers by AUM

Weekly Flows: Issuer Edition