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 iShares MSCI Pacific ex-Japan Index Fund (AMEX:EPP), which shed 1,500,000 shares, or a 1.9% decrease week over week.
And on a percentage change basis, the ETF with the largest outflow was the Daily Basic Materials Bull 3x Shares (AMEX:MATL), which lost 50,000 of its shares, for a whopping 25.0% decline in outstanding shares. Among the largest underlying components of MATL, in morning trading today Materials Select Sector Spdr (AMEX:XLB) is up about 0.5%.
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