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 Gold Miners ETF (AMEX:GDX), which shed 3,150,000 shares, or a 2.0% decrease week over week. Among the largest underlying components of GDX, in morning trading today Barrick Gold Corporation (NYSE:ABX) is off about 3.5%, and Goldcorp Incorporated (NYSE:GG) is lower by about 3.7%.
And on a percentage change basis, the ETF with the largest outflow was the SPDR S&P Telecom ETF (AMEX:XTL), which lost 50,000 of its shares, for a whopping 33.3% decline in outstanding shares. Among the largest underlying components of XTL, in morning trading today Level 3 Communications Incorporated (NYSE:LVLT) is up about 2.2%, and Crown Castle International Corporation (NYSE:CCI) is lower by about 2.1%.
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