SHY, FCAN: Big ETF Outflows
ETF Channel Staff - Friday, June 14, 10:48 AMLooking at units outstanding versus one week prior within the universe of ETFs covered at ETF Channel, the biggest outflow was seen in the iShares 1-3 Year Treasury Bond ETF (SHY), where 32,600,000 units were destroyed, or a 13.2% decrease week over week.
And on a percentage change basis, the ETF with the biggest outflow was the First Trust Canada AlphaDEX Fund (FCAN), which lost 150,000 of its units, representing a 37.5% decline in outstanding units compared to the week prior. Among the largest underlying components of FCAN, in morning trading today Intelsat (I) is up about 0.3%.