FRI, UMDD: Big ETF Outflows
ETF Channel Staff - Thursday, October 2, 12:35 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 S&P REIT Index Fund (FRI), where 3,300,000 units were destroyed, or a 24.4% decrease week over week. Among the largest underlying components of FRI, in morning trading today Simon Property Group (SPG) is up about 0.1%, and Public Storage (PSA) is higher by about 0.6%.
And on a percentage change basis, the ETF with the biggest outflow was the Proshares UltraPro MidCap400 (UMDD), which lost 250,000 of its units, representing a 35.7% decline in outstanding units compared to the week prior. Among the largest underlying components of UMDD, in morning trading today 3D Systems (DDD) is down about 0.5%, and Aarons (AAN) is up by about 1.9%.