Macro Summary
Total market volume reached $218.37B, reflecting a broadly muted session with overall activity registering at just 75% of the 30-day average. Multi-Asset strategies saw outsized interest (198% of ADV), while heavyweights like Equities and Commodities experienced notably subdued participation.
| Asset Class | Volume | 30D Avg. | % of 30D Avg. |
|---|---|---|---|
| Equity | $135.22B | $192.79B | 70% |
| Fixed Income | $30.32B | $34.38B | 88% |
| Commodities | $8.07B | $13.57B | 59% |
| Digital Asset | $4.22B | $4.31B | 98% |
| Currencies | $116.77M | $157.55M | 74% |
| Alternatives | $704.35M | $1.44B | 49% |
| Non-Traditional | $39.26B | $43.30B | 91% |
| Multi-Asset | $443.64M | $223.54M | 198% |
Equity
Equities logged $135.22B in total volume, a quiet session tracking at 70% of historical norms. No major categories breached the high-activity thresholds, though localized, factor-based ETFs like GWX and EYLD drove outsized single-ticker 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 |
|---|---|---|---|---|
| GWX | State Street SPDR S&P International Small Cap ETF | 857% | $22.18M | -0.25% |
| EYLD | Cambria Emerging Shareholder Yield ETF | 829% | $27.31M | -0.31% |
| SAMT | Strategas Macro Thematic Opportunities ETF | 719% | $29.98M | -0.12% |
| SYLD | Cambria Shareholder Yield ETF | 581% | $24.26M | -0.65% |
| IDU | iShares U.S. Utilities ETF | 569% | $155.86M | -0.82% |
| IGPT | Invesco AI and Next Gen Software ETF | 520% | $18.68M | +1.77% |
| FCOM | Fidelity MSCI Communication Services Index ETF | 471% | $36.23M | -0.13% |
| GVAL | Cambria Global Value ETF | 428% | $38.41M | -2.74% |
| OUSM | ALPS O’Shares US Small-Cap Quality Dividend ETF | 410% | $13.74M | -1.23% |
| RSPU | Invesco S&P 500 Equal Weight Utilities ETF | 377% | $18.13M | -0.57% |
Fixed Income
Fixed Income trading recorded $30.32B in volume, hitting 88% of its 30-day average. Tactical rotation into International Taxable debt and Core Enhanced categories dominated the flow landscape.
High-Volume Categories
| Category | Activity vs ADV | $ Volume | 1D Return |
|---|---|---|---|
| Fixed Income: Taxable – International | 514% | $261.37M | -0.44% |
| Fixed Income: Taxable – Core Enhanced | 127% | $752.69M | -0.02% |
| Fixed Income: Taxable – Government Ultrashort | 126% | $6.26B | -0.11% |
High-Activity Ticker Outliers
| Ticker | Name | Activity vs ADV | $ Volume | 1D Return |
|---|---|---|---|---|
| IGOV | iShares International Treasury Bond ETF | 1540% | $214.99M | -0.32% |
| IBND | State Street SPDR Bloomberg International Corporate Bond ETF | 663% | $24.60M | -0.53% |
| FTRB | Federated Hermes Total Return Bond ETF | 529% | $15.80M | +0.12% |
| PAAA | PGIM AAA CLO ETF | 326% | $241.04M | +0.04% |
| CORP | PIMCO Investment Grade Corporate Bond Index ETF | 316% | $22.43M | -0.23% |
| CLOI | VanEck CLO ETF | 313% | $26.08M | -0.58% |
| IBTI | iShares iBonds Dec 2028 Term Treasury ETF | 306% | $25.03M | -0.31% |
| GIGB | Goldman Sachs Access Investment Grade Corporate Bond ETF | 289% | $13.68M | -0.24% |
| FIGB | Fidelity Investment Grade Bond ETF | 277% | $8.33M | +0.19% |
| TIPX | State Street SPDR Bloomberg 1-10 Year TIPS ETF | 271% | $21.81M | -0.34% |
Commodities
The Commodities space traded $8.07B in volume, a sluggish 59% of its 30-day average. Tactical and Broad Market strategies saw elevated attention despite the underlying lull.
High-Volume Categories
No items met the inclusion criteria for this session.
High-Activity Ticker Outliers
| Ticker | Name | Activity vs ADV | $ Volume | 1D Return |
|---|---|---|---|---|
| FTGC | First Trust Global Tactical Commodity Strategy Fund | 203% | $46.04M | -0.12% |
| BAR | GraniteShares Gold Shares | 200% | $31.97M | -0.07% |
| SDCI | USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund | 183% | $7.15M | -0.28% |
| PDBA | Invesco Agriculture Commodity Strategy No K-1 ETF | 176% | $16.26M | +0.33% |
| HGER | Harbor Commodity All-Weather Strategy ETF | 170% | $71.36M | -0.66% |
Digital Asset
Digital Assets maintained near-average momentum, posting $4.22B in volume (98% of ADV) and returning a positive +1.75% across the complex.
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
Currency ETFs traded $116.77M in volume during a soft session, settling at 74% of the 30-day average without producing anomalous flows.
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 was suppressed at $704.35M (49% of ADV), though Managed Futures captured focused institutional interest above standard metrics.
High-Volume Categories
| Category | Activity vs ADV | $ Volume | 1D Return |
|---|---|---|---|
| Alternative: Absolute Return – Managed Futures | 144% | $121.48M | -0.28% |
High-Activity Ticker Outliers
No items met the inclusion criteria for this session.
Non-Traditional
Non-Traditional ETFs were highly active with $39.26B changing hands (91% of ADV). Leverage and Buffer products drove the narrative, notably driven by aggressive single-stock levered exposures.
High-Volume Categories
| Category | Activity vs ADV | $ Volume | 1D Return |
|---|---|---|---|
| Non-Traditional: Buffer – Equity | 175% | $733.36M | +0.14% |
| Non-Traditional: Synthetic Income – Fixed Income | 143% | $115.74M | +0.06% |
High-Activity Ticker Outliers
| Ticker | Name | Activity vs ADV | $ Volume | 1D Return |
|---|---|---|---|---|
| PMAY | Innovator U.S. Equity Power Buffer ETF – May | 2137% | $91.49M | +0.07% |
| PJAN | Innovator U.S. Equity Power Buffer ETF – January | 710% | $40.54M | +0.19% |
| IGLD | FT Vest Gold Strategy Target Income ETF | 518% | $33.65M | +0.65% |
| SNXX | Tradr 2X Long SNDK Daily ETF | 349% | $1.98B | +15.49% |
| TSPY | TappAlpha SPY Growth & Daily Income ETF | 308% | $19.24M | +0.26% |
| TSLY | YieldMax TSLA Option Income Strategy ETF | 272% | $54.43M | +1.36% |
| GGLL | Direxion Daily GOOGL Bull 2X ETF | 202% | $231.12M | +0.29% |
| INTW | GraniteShares 2x Long INTC Daily ETF | 201% | $160.37M | +10.67% |
| BULZ | MicroSectors Solactive FANG & Innovation 3X Leveraged ETN | 199% | $89.44M | +6.15% |
| MSTY | YieldMax MSTR Option Income Strategy ETF | 195% | $64.40M | +5.94% |
Multi-Asset
Multi-Asset volume expanded aggressively to $443.64M, printing an imposing 198% of its 30-day average. Tactical flows into Global Macro and Target Risk strategies shaped the session.
High-Volume Categories
| Category | Activity vs ADV | $ Volume | 1D Return |
|---|---|---|---|
| Asset Allocation: Target Risk – Global Macro | 652% | $234.72M | +0.16% |
High-Activity Ticker Outliers
| Ticker | Name | Activity vs ADV | $ Volume | 1D Return |
|---|---|---|---|---|
| AOK | iShares Core 30/70 Conservative Allocation ETF | 421% | $28.51M | +0.09% |
| ALLW | State Street Bridgewater All Weather ETF | 284% | $52.78M | -0.12% |
| GDE | WisdomTree Efficient Gold Plus Equity Strategy Fund | 206% | $18.84M | +0.21% |
