First Trust Dow Jones Internet Index Fund Experiences Big Outflow

The First Trust Dow Jones Internet Index Fund (FDN) saw an estimated $129.4 million outflow, equal to a 2.5% decrease in shares outstanding week over week. The article is a flow-driven update rather than a fundamental change, pointing to modestly weaker investor positioning in the ETF.

Analysis

The First Trust Dow Jones Internet Index Fund (FDN) saw an estimated $129.4 million outflow, equal to a 2.5% decrease in shares outstanding week over week. The article is a flow-driven update rather than a fundamental change, pointing to modestly weaker investor positioning in the ETF.