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 Semiconductor ETF (NYSE:SMH), which shed 2,350,000 shares, or a 18.7% decrease week over week. Among the largest underlying components of SMH, in morning trading today Intel Corporation (NASDAQ:INTC) is down about 1%, and Taiwan Semiconductor Manufacturi (NYSE:TSM) is lower by about 0.3%.
And on a percentage change basis, the ETF with the largest outflow was the Basic Materials GEMS exchange-traded fund (LGEM), which lost 50,000 of its shares, for a whopping 25.0% decline in outstanding shares. Among the largest underlying components of LGEM, in morning trading today Anglogold Ashanti Ltd (NYSE:AU) is up about 1.1%, and Gerdau (NYSE:GGB) is lower by about 0.8%.
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