Markets

FTCS, BRZU: Big ETF Outflows

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Shutterstock photo

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 3,900,000 units were destroyed, or a 22.6% decrease week over week. Among the largest underlying components of FTCS, in morning trading today Facebook ( FB ) is off about 1%, and International Business Machines ( IBM ) is lower by about 0.1%.

And on a percentage change basis, the ETF with the biggest outflow was the Daily MSCI Brazil Bull 3X Shares ( BRZU ), which lost 800,000 of its units, representing a 24.2% decline in outstanding units compared to the week prior.

VIDEO: FTCS, BRZU: 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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FTCS FB BRZU IBM