FXR, UMX: Big ETF Outflows
ETF Channel Staff - Friday, July 14, 10:51 AM
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 Industrials/Producer Durables AlphaDEX Fund, where 8,700,000 units were destroyed, or a 17.6% decrease week over week. Among the largest underlying components of FXR, in morning trading today Copa Holdings is up about 0.1%, and Regal Beloit is lower by about 0.2%.
And on a percentage change basis, the ETF with the biggest outflow was the ProShares Ultra MSCI Mexico Capped IMI, which lost 250,000 of its units, representing a 38.5% decline in outstanding units compared to the week prior.