FXO, SMDD: Big ETF Outflows
Posted on May 17, 2012 at 12:53 PM EDT
Turning today to week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, the largest outflow was seen in the First Trust Financials AlphaDEX Fund (FXO), which shed 3,200,000 shares, or a 22.9% decrease week over week. Among the largest underlying components of FXO, in morning trading today Allied World Assurance Company Holdin (AWH) is off about 0.4%, and American Capital Ltd (ACAS) is lower by about 0.2%.