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FV, OILU: Big ETF Outflows
Friday, September 15, 10:54 AM ET

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 (NASDAQ:FV), where 11,250,000 units were destroyed, or a 10.9% decrease week over week. Among the largest underlying components of FV, in morning trading today First Trust Dow Jones Internet Index (NYSE:FDN) is down about 0.2%, and First Trust Nasdaq-100-tech Index (NASDAQ:QTEC) is higher by about 0.3%.

And on a percentage change basis, the ETF with the biggest outflow was the ProShares UltraPro 3x Crude Oil ETF (NYSE:OILU), which lost 350,000 of its units, representing a 35.0% decline in outstanding units compared to the week prior.

For MarketNewsVideo.com, I'm Sayoko Murase.

FV, OILU: Big ETF Outflows picture
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