FXL, EFO: Big ETF Outflows
February 05, 2015 at 12:50 PM 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 Technology AlphaDEX Fund (FXL), where 8,650,000 units were destroyed, or a 26.5% decrease week over week. Among the largest underlying components of FXL, in morning trading today Freescale Semiconductor (FSL) is up about 1.9%, and Electronic Arts (EA) is up by about 1.7%.