SJNK, FXD: Big ETF Outflows
Looking at units outstanding versus one week prior within the universe of ETFs covered at ETF Channel, the biggest outflow was seen in the SPDR Bloomberg Short Term High Yield Bond ETF (SJNK), where 17,100,000 units were destroyed, or a 8.8% decrease week over week.
And on a percentage change basis, the ETF with the biggest outflow was the First Trust Consumer Discretionary AlphaDEX Fund (FXD), which lost 5,200,000 of its units, representing a 39.8% decline in outstanding units compared to the week prior. Among the largest underlying components of FXD, in morning trading today Spotify Technology (SPOT) is up about 0.8%, and Dutch Bros (BROS) is up by about 1.8%.
VIDEO: SJNK, FXD: Big ETF Outflows
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