FXO, RXD: Big ETF Outflows

By ETFChannel.com,

Shutterstock photo

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 Financials AlphaDEX Fund ( FXO ), where 3.3 million units were destroyed, or a 7.9% decrease week over week. Among the largest underlying components of FXO, in morning trading today Aspen Insurance ( AHL ) is off about 1.2%, and The Travelers ( TRV ) is higher by about 0.1%.

And on a percentage change basis, the ETF with the biggest outflow was the Proshares UltraShort Health Care ETF ( RXD ), which lost 75,000 of its units, representing a 30.8% decline in outstanding units compared to the week prior.

FXO, RXD: Big ETF Outflows VIDEO: FXO, RXD: 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
Referenced Stocks: FXO , AHL , TRV , RXD

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