EWJ, FTSM: Big ETF Outflows
ETF Channel Staff - Wednesday, December 17, 1:57 PMLooking at units outstanding versus one week prior within the universe of ETFs covered at ETF Channel, the biggest outflow was seen in the iShares MSCI Japan ETF (EWJ), where 28,800,000 units were destroyed, or a 2.1% decrease week over week.
And on a percentage change basis, the ETF with the biggest outflow was the First Trust Enhanced Short Maturity ETF (FTSM), which lost 8,400,000 of its units, representing a 39.6% decline in outstanding units compared to the week prior. Among the largest underlying components of FTSM, in morning trading today First Trust Senior Loan Fund ETF (FTSL) is down about 0.2%.