FV, LALT: Big ETF Outflows
December 19, 2016 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 Dorsey Wright Focus 5 ETF (FV), where 40,500,000 units were destroyed, or a 25.9% decrease week over week. Among the largest underlying components of FV, in morning trading today First Trust Energy Alphadex (FXN) is up about 0.1%, and First Trust Utilities Alphadex (FXU) is relatively unchanged.