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PPL

SPLV, FTLS: Big ETF Outflows

Shutterstock photo
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 PowerShares S&P 500 Low Volatility Portfolio ( SPLV ), where 16,650,000 units were destroyed, or a 9.9% decrease week over week. Among the largest underlying components of SPLV, in morning trading today PPL Corporation ( PPL ) is up about 0.7%, and Pinnacle West Capital Corporation ( PNW ) is up by about 0.5%.

And on a percentage change basis, the ETF with the biggest outflow was the First Trust Long/Short Equity ETF ( FTLS ), which lost 1,400,000 of its units, representing a 29.8% decline in outstanding units compared to the week prior. Among the largest underlying components of FTLS, in morning trading today Apple ( AAPL ) is off about 0.1%, and JP Morgan Chase & Company (JPM) is up by about 0.6%.

VIDEO: SPLV, FTLS: 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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PPL FTLS PNW SPLV AAPL