December 15th, 2015

FXR, SAGG: Big ETF Outflows

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 Industrials/Producer Durables AlphaDEX Fund (FXR), where 9.7 million units were destroyed, or a 27.1% decrease week over week. Among the largest underlying components of FXR, in morning trading today Manitowoc Company (MTW) is up about 0.4%, and Delta Air Lines (DAL) is lower by about 0.5%.
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