Flutter's $820M Surge Propels Liquidity Rank to 129th Amid Capital Restructure and Momentum Strategy Gains

On July 30, 2025, Flutter (FLUT) traded at 0.40% below its previous close with a trading volume of $820 million, marking a 45.81% increase from the prior day's activity. The stock ranked 129th in market liquidity, reflecting heightened investor engagement despite its price decline.

Earlier, Flutter announced the cancellation of ordinary shares under its $225 million share repurchase program, part of a broader $5 billion capital restructuring initiative. The move, executed through Davy Securities, aims to reduce equity outstanding and enhance shareholder value. This follows a Schedule 13G filing revealing The Vanguard Group's 9.76% passive stake in the company as of June 30, 2025. While the institutional position lacks voting rights, its potential for large-scale liquidation could temporarily impact market dynamics. Analysts suggest such repurchase efforts may offset short-term supply pressures from institutional redemptions.

A backtested trading strategy focused on high-volume equities demonstrated strong performance from 2022 to July 2025. Buying the top 500 stocks by daily trading volume and holding for one day yielded a 166.71% return, far outpacing the 29.18% benchmark. The approach generated a 31.89% annualized return with a Sharpe ratio of 1.14 and no maximum drawdown, underscoring the effectiveness of volume-driven momentum strategies in capturing liquidity-driven price movements.