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 Oil Services ETF (NYSE:OIH), which shed 3,500,000 shares, or a 11.0% decrease week over week. Among the largest underlying components of OIH, in morning trading today Schlumberger Ltd (NYSE:SLB) is up about 0.4%, and National Oilwell Varco Incorporated (NYSE:NOV) is higher by about 0.3%.
And on a percentage change basis, the ETF with the largest outflow was the Global Steel Portfolio (PSTL), which lost 50,000 of its shares, for a whopping 25.0% decline in outstanding shares. Among the largest underlying components of PSTL, in morning trading today Arcelormittal SA Luxembourg (NYSE:MT) is up about 1.4%, and Nucor Corporation (NYSE:NUE) is higher by about 0.3%.
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