First Trust Financials AlphaDEX ETF Recorded $-244.51M Redemptions Due To -17.42% AUM Decrease

April 6, 2018 - By Marie Mckinney

Today were reported First Trust Financials AlphaDEX ETF (NYSEARCA:FXO)‘s daily net flows. The ETF registered $-244.51M asset outflows for -17.42% decrease, reaching $1159.50M after yestarday’s trading session. The chart of First Trust Financials AlphaDEX ETF shows negative short-term setup. In the net flows calculation is not included the performance of the etf but only share redemptions (outflows) and share purchases (inflows). Net outflows leads to less cash for managers to invest, which theoretically decreases demand for the etf’s holdings. The ETF increased 0.45% or $0.14 during the last trading session, reaching $31.14. About 179,048 shares traded. First Trust Financials AlphaDEX ETF (NYSEARCA:FXO) has risen 12.66% since April 6, 2017 and is uptrending. It has outperformed by 1.11% the S&P500.

The ETF’s YTD performance is 0%, the 1 year is 0% and the 3 year is 0%.

First Trust Financials AlphaDEX ETF is in the ETF category: , is part of the fund family and currently has $ net assets. It was started on 1/1/0001.

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