PGX, FTXN: Big ETF Outflows
December 29, 2016 at 10:50 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 PowerShares Preferred Portfolio (PGX), where 4,300,000 units were destroyed, or a 1.4% decrease week over week. And on a percentage change basis, the ETF with the biggest outflow was the First Trust Nasdaq Oil & Gas ETF (FTXN), which lost 49,998 of its units, representing a 33.3% decline in outstanding units compared to the week prior.