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A.M. Best Revises Outlook To Positive For National American Insurance Company
A.M.Passfail.com News: FXO, SMDD: Big ETF Outflows
Turning today to week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, the largest outflow was seen in the First Trust Financials AlphaDEX Fund (FXO), which shed 3,200,000 shares, or a 22.9% decrease week over week. Among the largest underlying components of FXO, in morning trading today Allied World Assurance Company Holdin (AWH) is off about 0.4%, and American Capital Ltd (ACAS) is lower by about 0.2%.
And on a percentage change basis, the ETF with the largest outflow was the Proshares UltraPro Short MidCap400 (SMDD), which lost 525,000 of its shares, for a whopping 75.0% decline in outstanding shares.
This is Sayoko Murase for Passfail.com, taking you behind the ticker.
For Passfail.com, Behind The Ticker (TM)
Pass Fail News
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