Investor Alert

Jan. 13, 2020, 10:56 a.m. EST

PDP, FKO: Big ETF Outflows

Watchlist Relevance

Want to see how this story relates to your watchlist?

Just add items to create a watchlist now:

or Cancel Already have a watchlist? Log In

Jan 13, 2020 (MarketNewsVideo.com via COMTEX) -- Looking at units outstanding versus one week prior within the universe of ETFs covered at ETF Channel, the biggest outflow was seen in the Invesco DWA Momentum ETF (PDP), where 4,800,000 units were destroyed, or a 15.1% decrease week over week. Among the largest underlying components of PDP, in morning trading today Apple (AAPL) is up about 0.5%, and American Tower Corporation REIT (AMT) is higher by about 1.5%.

And on a percentage change basis, the ETF with the biggest outflow was the First Trust South Korea AlphaDEX Fund (FKO), which lost 50,000 of its units, representing a 33.3% decline in outstanding units compared to the week prior. Among the largest underlying components of FKO, in morning trading today Intelsat (I) is off about 2.4%, and Proshares Ultra Semiconductors (USD) is up by about 2.1%.

The preceding is a transcript of the MarketNewsVideo.com video published at: http://www.marketnewsvideo.com/?id=20200120200113etfflowsPDPF&mv=1 .


Copyright 2020 MarketNewsVideo.com

This Story has 0 Comments
Be the first to comment

Story Conversation

Commenting FAQs »
Link to MarketWatch's Slice.