FXU, ALTS: Big ETF Outflows
February 20, 2015 at 13:33 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 Utilities AlphaDEX Fund (FXU), where 9,850,002 units were destroyed, or a 31.2% decrease week over week. Among the largest underlying components of FXU, in morning trading today Sprint Corporation (S) is off about 2.2%, and AT&T (T) is lower by about 0.4%.