News Column

FXG, PZI: Big ETF Outflows

July 11, 2014

MarketNewsVideo.com



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 Staples AlphaDEX Fund (FXG), where 9,200,000 units were destroyed, or a 20.6% decrease week over week. Among the largest underlying components of FXG, in morning trading today Keurig Green Mountain (GMCR) is trading flat, and Dean Foods (DF) is higher by about 2%.

And on a percentage change basis, the ETF with the biggest outflow was the PowerShares Zacks Micro Cap Portfolio (PZI), which lost 650,000 of its units, representing a 15.5% decline in outstanding units compared to the week prior. Among the largest underlying components of PZI, in morning trading today Federated National Holding Company (FNHC) is down about 0.8%, and Republic First Bancorp (FRBK) is lower by about 1%.

The preceding is a transcript of the MarketNewsVideo.com video published at: http://www.marketnewsvideo.com/?id=201407Outflows071114&mv=1.


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Source: MarketNewsVideo.com


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