FXR, FGM: 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 Industrials/Producer Durables AlphaDEX Fund ( FXR ), where 7,950,000 units were destroyed, or a 20.6% decrease week over week. Among the largest underlying components of FXR, in morning trading today URS Corporation ( URS ) is trading flat, and AECOM Technology ( ACM ) is lower by about 0.1%.

And on a percentage change basis, the ETF with the biggest outflow was the First Trust Germany AlphaDEX Fund ( FGM ), which lost 399,998 of its units, representing a 22.9% decline in outstanding units compared to the week prior.

FXR, FGM: Big ETF Outflows VIDEO: FXR, FGM: 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: FXR , URS , ACM , FGM

More from BNK Invest


BNK Invest

BNK Invest

Follow on:

Find a Credit Card

Select a credit card product by:
Select an offer:
Data Provided by BankRate.com