NUGT, FYC: Big ETF Outflows
April 17, 2017 at 11:01 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 Gold Miners Index Bull 3X Shares (NUGT), where 12,550,000 units were destroyed, or a 6.7% decrease week over week. And on a percentage change basis, the ETF with the biggest outflow was the First Trust Small Cap Growth AlphaDEX Fund (FYC), which lost 1,100,000 of its units, representing a 29.3% decline in outstanding units compared to the week prior.