FXR, FGM: Big ETF Outflows
ETF Channel Staff - Wednesday, July 30, 12:09 PMLooking 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 Industrials/Producer Durables AlphaDEX Fund (FXR), where 7,950,000 units were destroyed, or a 20.6% decrease week over week. Among the largest underlying components of FXR, in morning trading today URS Corporation (URS) is trading flat, and AECOM Technology (ACM) is lower by about 0.1%.
And on a percentage change basis, the ETF with the biggest outflow was the First Trust Germany AlphaDEX Fund (FGM), which lost 399,998 of its units, representing a 22.9% decline in outstanding units compared to the week prior.