FTCS, BRZU: Big ETF Outflows
January 29, 2018 at 10:47 AM EST
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 Capital Strength ETF (FTCS), where 3,900,000 units were destroyed, or a 22.6% decrease week over week. Among the largest underlying components of FTCS, in morning trading today Facebook (FB) is off about 1%, and International Business Machines (IBM) is lower by about 0.1%.