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FVD, GASX: Big ETF Outflows
Friday, March 3, 11:55 AM ET
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 Value Line Dividend Index Fund, where 4,350,000 units were destroyed, or a 3.7% decrease week over week. Among the largest underlying components of FVD, in morning trading today Unilever is off about 0.4%, and Aqua America is lower by about 0.6%.
And on a percentage change basis, the ETF with the biggest outflow was the Daily Natural Gas Related Bear 3x Shares, which lost 50,000 of its units, representing a 28.6% decline in outstanding units compared to the week prior.
For MarketNewsVideo.com, I'm Sayoko Murase
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