EWJ, FTSM: 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 iShares MSCI Japan ETF ( EWJ ), where 63,600,000 units were destroyed, or a 4.3% decrease week over week.

And on a percentage change basis, the ETF with the biggest outflow was the First Trust Enhanced Short Maturity ETF ( FTSM ), which lost 3,400,000 of its units, representing a 33.3% decline in outstanding units compared to the week prior. Among the largest underlying components of FTSM, in morning trading today Ultra Semiconductor Proshares ( USD ) is up about 2.7%.

EWJ, FTSM: Big ETF Outflows VIDEO: EWJ, FTSM: 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
Referenced Symbols: EWJ , FTSM , USD

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