FXD, PKB: Big ETF Outflows
October 15, 2014 at 12:46 PM EDT
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 Consumer Discretionary AlphaDEX Fund (FXD), where 9,500,000 units were destroyed, or a 22.1% decrease week over week. Among the largest underlying components of FXD, in morning trading today Advance Auto Parts (AAP) is down about 1.3%, and Gentex (GNTX) is lower by about 0.9%.