FXO, EFU: 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 Financials AlphaDEX Fund ( FXO ), where 8,450,000 units were destroyed, or a 18.5% decrease week over week. Among the largest underlying components of FXO, in morning trading today Corecivic ( CXW ) is down about 0.2%, and Assured Guaranty ( AGO ) is higher by about 0.6%.

And on a percentage change basis, the ETF with the biggest outflow was the ProShares UltraShort MSCI EAFE ( EFU ), which lost 50,000 of its units, representing a 26.7% decline in outstanding units compared to the week prior.

FXO, EFU: Big ETF Outflows VIDEO: FXO, EFU: 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: FXO , CXW , AGO , EFU

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