ASHR, EDOW: Big ETF Outflows
February 28, 2020 at 14:24 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 ASHR ETF, where 12,250,000 units were destroyed, or a 16.4% decrease week over week. And on a percentage change basis, the ETF with the biggest outflow was the First Trust Dow 30 Equal Weight ETF, which lost 400,000 of its units, representing a 38.1% decline in outstanding units compared to the week prior.