FTCS, FINZ: 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 Capital Strength ETF ( FTCS ), where 10,550,000 units were destroyed, or a 21.1% decrease week over week. Among the largest underlying components of FTCS, in morning trading today Intelsat ( I ) is up about 1.8%, and Honeywell International ( HON ) is up by about 0.2%.

And on a percentage change basis, the ETF with the biggest outflow was the ProShares UltraPro Short Financial Select Sector ( FINZ ), which lost 50,000 of its units, representing a 25.8% decline in outstanding units compared to the week prior.

FTCS, FINZ: Big ETF Outflows VIDEO: FTCS, FINZ: 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 Symbols: FTCS , I , HON , FINZ

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