FAS, SMH: Big ETF Outflows
October 26, 2015 at 10:48 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 Daily Financial Bull 3x Shares (FAS), where 3,750,000 units were destroyed, or a 7.9% decrease week over week. Among the largest underlying components of FAS, in morning trading today Aflac (AFL) is trading flat, and Affiliated Managers Group (AMG) is lower by about 0.8%.