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FRI, UMDD: Big ETF Outflows

Looking at units outstanding versus one week prior within the universe of ETFs covered at ETF Channel, the biggest outflow was seen in the First Trust S&P REIT Index Fund (FRI), where 3,300,000 units were destroyed, or a 24.4% decrease week over week. Among the largest underlying components of FRI, in morning trading today Simon Property Group (SPG) is up about 0.1%, and Public Storage (PSA) is higher by about 0.6%.
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