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FBZ, FTXN: Big ETF Outflows

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Shutterstock photo

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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 Brazil AlphaDEX Fund ( FBZ ), where 3,200,002 units were destroyed, or a 27.7% decrease week over week.

And on a percentage change basis, the ETF with the biggest outflow was the First Trust Nasdaq Oil & Gas ETF ( FTXN ), which lost 50,000 of its units, representing a 33.3% decline in outstanding units compared to the week prior. Among the largest underlying components of FTXN, in morning trading today Exxon Mobil Corporation ( XOM ) is down about 0.2%, and Chevron ( CVX ) is lower by about 0.6%.

VIDEO: FBZ, FTXN: 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.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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