FXD, HEWP: Big ETF Outflows
August 22, 2016 at 10:59 AM 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 Consumer Discretionary AlphaDEX Fund, where 3,800,000 units were destroyed, or a 7.1% decrease week over week. Among the largest underlying components of FXD, in morning trading today Penske Automotive Group is down about 0.3%, and Kohls is lower by about 1.5%.