FVD, EFO: Big ETF Outflows
October 31, 2013 at 11:41 AM EDT
Turning today to week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, the largest outflow was seen in the First Trust Value Line Dividend Index Fund (FVD), which shed 1,500,000 shares, or a 3.9% decrease week over week. And on a percentage change basis, the ETF with the largest outflow was the Proshares Ultra MSCI EAFE (EFO), which lost 100,000 of its shares, for a whopping 40% decline in outstanding shares.