Markets

TZA, FTHI: 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 Daily Small Cap Bear 3x Shares ( TZA ), where 1,600,000 units were destroyed, or a 4.3% decrease week over week.

And on a percentage change basis, the ETF with the biggest outflow was the First Trust High Income ETF ( FTHI ), 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 FTHI, in morning trading today Seadrill ( SDRL ) is trading flat, and Altria Group ( MO ) is relatively unchanged.

VIDEO: TZA, FTHI: 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.

In This Story

SDRL TZA MO FTHI

Other Topics

Investing