FDN, RUSS: Big ETF Outflows


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Looking at units outstanding versus one week prior within the universe of ETFs covered at ETF Channel, the biggest outflow was seen in the First Trust Dow Jones Internet Index Fund ( FDN ), where 3,200,000 units were destroyed, or a 8.9% decrease week over week. Among the largest underlying components of FDN, in morning trading today Amazon.com ( AMZN ) is up about 0.5%, and Facebook ( FB ) is lower by about 1.1%.

And on a percentage change basis, the ETF with the biggest outflow was the Daily Russia Bear 3x Shares ( RUSS ), which lost 199,999 of its units, representing a 15.4% decline in outstanding units compared to the week prior.

FDN, RUSS: Big ETF Outflows VIDEO: FDN, RUSS: Big ETF Outflows

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

This article appears in: Investing , Investing Ideas
More Headlines for: FDN , AMZN , FB , RUSS

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