Flutter 33.78% Volume Surge to 560M Ranks 188th as 5B Buyback Cuts Share Supply

On July 29, 2025, Flutter (FLUT) saw a 33.78% surge in trading volume to $560 million, ranking 188th in market activity, while the stock closed down 0.33%. The company announced the cancellation of a significant number of ordinary shares under its $225 million buyback program, part of a broader $5 billion repurchase initiative. The move aims to enhance shareholder value by reducing equity outstanding, with transactions executed via Davy Securities. The buyback aligns with Flutter’s strategy to optimize capital structure amid its expansion in global markets.

The firm’s recent buyback activity follows a Schedule 13G filing disclosing The Vanguard Group’s 9.76% passive stake in Flutter as of June 30, 2025. While Vanguard holds no voting power, its ability to liquidate a large non-voting position could influence market dynamics. Analysts note that such institutional holdings typically bolster liquidity but may introduce short-term volatility if sold en masse. Flutter’s buyback efforts may counterbalance potential supply shocks by reducing shares in circulation.

A backtested strategy of purchasing the top 500 stocks by daily volume and holding for one day generated a 166.71% return from 2022 to July 2025, far exceeding the 29.18% benchmark. The approach delivered a 31.89% annualized return with a 0.00% maximum drawdown and a Sharpe ratio of 1.14, highlighting its risk-adjusted performance. These results underscore the potential of high-volume trading strategies in capturing market momentum, particularly in sectors like Flutter’s where buybacks and liquidity management play pivotal roles.