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FV, OILU: 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 Dorsey Wright Focus 5 ETF ( FV ), where 11,250,000 units were destroyed, or a 10.9% decrease week over week. Among the largest underlying components of FV, in morning trading today First Trust Dow Jones Internet Index ( FDN ) is down about 0.2%, and First Trust Nasdaq-100-tech Index ( QTEC ) is higher by about 0.3%.

And on a percentage change basis, the ETF with the biggest outflow was the ProShares UltraPro 3x Crude Oil ETF ( OILU ), which lost 350,000 of its units, representing a 35.0% decline in outstanding units compared to the week prior.

VIDEO: FV, OILU: 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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FV FDN QTEC OILU