FEP, SMLL: Big ETF Outflows
November 18, 2014 at 12:24 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 Europe AlphaDEX Fund (FEP), where 6,449,998 units were destroyed, or a 37.7% decrease week over week. Among the largest underlying components of FEP, in morning trading today King Digital Entertainment (KING) is up about 0.1%, and NXP Semiconductors (NXPI) is up by about 0.7%.