FBZ, FTXN: Big ETF Outflows
June 13, 2017 at 10:48 AM EDT
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 Brazil AlphaDEX Fund (FBZ), where 3,200,002 units were destroyed, or a 27.7% decrease week over week. And on a percentage change basis, the ETF with the biggest outflow was the First Trust Nasdaq Oil & Gas ETF (FTXN), which lost 50,000 of its units, representing a 33.3% decline in outstanding units compared to the week prior.