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 SPDR S&P Bank ETF (AMEX:KBE), which shed 4,950,000 shares, or a 6.5% decrease week over week. Among the largest underlying components of KBE, in morning trading today Zions Bancorporation (NASDAQ:ZION) is up about 0.1%, and Bank of America Corporation (NYSE:BAC) is higher by about 0.2%.
And on a percentage change basis, the ETF with the largest outflow was the Daily Basic Materials Bear 3x Shares (AMEX:MATS), which lost 50,000 of its shares, for a whopping 50.0% decline in outstanding shares.
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