STRN Hits a New 52-Week High Amid Sustained Momentum in Large-Cap U.S. Equities

ETF Overview and Capital Flows

The SMART Trend 25 ETF (STRN.P) is a leveraged, long-only equity fund designed to track large-cap U.S. stocks using a quantitative trend-following strategy. It charges a 0.59% expense ratio, positioning itself as a mid-tier option in the active ETF space. Recent capital flows for January 5, 2026, show net outflows across all order types—$13.3 million in retail orders, $13.0 million in block trades, and $9.9 million in extra-large orders—suggesting institutional or strategic selling pressure despite its intraday 52-week high.

Peer ETF Snapshot

• AGGH.P charges 0.30% and holds $305M in assets.
• AAA.P has a 0.25% expense ratio and $42M in AUM.
• APMU.P’s 0.37% fee supports a $205M asset base.
• AGGS.P’s 0.35% expense ratio serves a smaller $37M portfolio.
• ACVT.P’s 0.65% fee is among the highest in the peer group, with $27M in assets.
• ANGL.O’s 0.25% expense ratio backs $3 billion in AUM, the largest in the list.
• AGG.P, the lowest-cost at 0.03%, dominates with $136 billion in assets.

Opportunities and Structural Constraints

STRN.P’s trend-following model may benefit from sustained momentum in large-cap U.S. equities, though its 1.0x leverage ratio amplifies both gains and losses. The recent outflows highlight sensitivity to market sentiment shifts, particularly in volatile environments. While its peer group includes lower-cost alternatives with larger assets under management, STRN.P’s 0.59% fee remains competitive for active strategies. Investors should weigh its structure against broader market dynamics and liquidity conditions.