FXH, KBWI: Big ETF Outflows
October 13, 2014 at 13:45 PM 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 Health Care AlphaDEX Fund (FXH), where 5,500,000 units were destroyed, or a 11.3% decrease week over week. Among the largest underlying components of FXH, in morning trading today Mallinckrodt Public (MNK) is off about 4.1%, and United Therapeutics (UTHR) is lower by about 1.6%.