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 ( FVD ), where 9,350,000 units were destroyed, or a 8.7% decrease week over week. Among the largest underlying components of FVD, in morning trading today WGL Holdings ( WGL ) is up about 1%, and Deere & Company ( DE ) is higher by about 2.1%.
And on a percentage change basis, the ETF with the biggest outflow was the iShares Currency Hedged JPX-Nikkei 400 ETF ( HJPX ), which lost 50,000 of its units, representing a 33.3% decline in outstanding units compared to the week prior.
VIDEO: FVD, HJPX: Big ETF Outflows The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
Plantations International