FXG, UPV: Big ETF Outflows
August 06, 2014 at 11:52 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 Consumer Staples AlphaDEX Fund (FXG), where 7,899,998 units were destroyed, or a 22.4% decrease week over week. Among the largest underlying components of FXG, in morning trading today Pilgrims Pride (PPC) is up about 1.4%, and Tyson Foods (TSN) is up by about 0.5%.