FDN, WDAY, ANET, SNOW: ETF Outflow Alert

Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the First Trust Dow Jones Internet Index Fund (Symbol: FDN) where we have detected an approximate $67.5 million dollar outflow — that’s a 1.8% decrease week over week (from 30,600,002 to 30,050,002). Among the largest underlying components of FDN, in trading today Workday Inc (Symbol: WDAY) is up about 1%, Arista Networks Inc (Symbol: ANET) is off about 1.2%, and Snowflake Inc (Symbol: SNOW) is higher by about 2.1%. For a complete list of holdings, visit the FDN Holdings page »

The chart below shows the one year price performance of FDN, versus its 200 day moving average:

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