First Trust FXR Sees Major Outflow Amid Market Shifts
In a significant week for ETFs, the First Trust Industrials/Producer Durables AlphaDEX Fund (Symbol: FXR) experienced a remarkable outflow of approximately $421.6 million, representing a 17.4% decrease in shares outstanding.
Current Market Performance of FXR
This week, shares of FXR decreased from 31,350,002 to 25,900,002. Among the fund’s top holdings, Comfort Systems USA Inc (Symbol: FIX) rose by about 1.4%, MSC Industrial Direct Co Inc (Symbol: MSM) increased by 1.4%, and Howmet Aerospace Inc (Symbol: HWM) saw a gain of 0.6%. For more details on FXR’s holdings, visit the FXR Holdings page »
The chart below illustrates FXR’s one-year price performance compared to its 200-day moving average:
FXR’s Price Trajectory
FXR’s 52-week low is $62.5192, while its high reached $83.71. The most recent trading price stands at $77.57, indicating fluctuations within this range. Analyzing the latest share price against the 200-day moving average is often a valuable technique for investors seeking insights into market trends.
Exchange-Traded Funds Explained
Investors should note that exchange-traded funds (ETFs) operate similarly to stocks. However, in the case of ETFs, investors buy and sell “units” instead of traditional shares. These units can be traded just like stocks, yet they can also be created or destroyed based on investor demand. Our weekly monitoring of shares outstanding reveals notable inflows or outflows, impacting the ETF’s underlying assets.
When new units are created, ETFs must purchase additional underlying holdings. Conversely, when units are destroyed, the ETF must sell parts of its holdings. These movements can significantly affect the individual stocks within an ETF.
Discover which other 9 ETFs have seen notable outflows »
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
