FV, RDVY: Big ETF Outflows
March 22, 2016 at 10:49 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 Dorsey Wright Focus 5 ETF (FV), where 40,950,000 units were destroyed, or a 20.5% decrease week over week. Among the largest underlying components of FV, in morning trading today First Trust Consumer Discretionary Alpha (FXD) is down about 0.5%, and First Trust Dow Jones Internet Index (FDN) is lower by about 0.2%.