EIPI, LTL: Big ETF Outflows
From MarketWatch: 2024-05-17 11:26:01
In the universe of ETFs, there was a significant outflow in the FT Energy Income Partners Enhanced Income ETF, with 11,550,112 units destroyed, representing a 17.2% decrease from the previous week. Both Enterprise Products Partners and Energy Transfer saw slight decreases in morning trading today.
The ProShares Ultra Telecommunications ETF experienced the largest percentage outflow, losing 30,000 units or a 37.5% decline in outstanding units compared to the previous week. Meta Platforms dipped about 0.5% in morning trading, while Alphabet saw an increase of about 0.8%.
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