FV, OILU: Big ETF Outflows
September 15, 2017 at 10:54 AM 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 Dorsey Wright Focus 5 ETF (FV), where 11,250,000 units were destroyed, or a 10.9% decrease week over week. Among the largest underlying components of FV, in morning trading today First Trust Dow Jones Internet Index (FDN) is down about 0.2%, and First Trust Nasdaq-100-tech Index (QTEC) is higher by about 0.3%.