Quantcast

FTCS, FINZ: Big ETF Outflows


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 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



More from BNK Invest

Subscribe







BNK Invest
Contributor:

BNK Invest

Market News, Investing












Research Brokers before you trade

Want to trade FX?