FXR, FGM: Big ETF Outflows


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 The NASDAQ OMX Group, Inc.

This article appears in: Investing , Investing Ideas

Referenced Stocks: FXR , URS , ACM , FGM

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