Major ETF Outflows Highlight Market Shifts
Recent data from ETF Channel reveals significant changes in ETF unit counts, with notable declines this week.
The standout among these outflows is the FJAN ETF, which suffered a decrease of 12,100,000 units. This translates to a steep 39.6% drop in units outstanding compared to the previous week. Such a drastic change highlights the volatility and shifting investor interests in the ETF landscape.
On a percentage basis, the AXS Knowledge Leaders ETF led the pack in terms of unit loss, shedding 1,100,000 units, also showing a 39.6% decline from the prior week. Notably, major components of the KNO ETF, including Thermo Fisher Scientific, saw stable trading patterns, while Hubbell’s stock dipped by approximately 0.5% during morning trading.
VIDEO: FJAN, KNO: Big ETF Outflows
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