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 Consumer Staples Select Sector SPDR Fund (XLP), which shed 6,400,000 shares, or a 3.6% decrease week over week. Among the largest underlying components of XLP, in morning trading today Coca Cola Company (KO) is down about 0.3%, and Procter & Gamble Company (PG) is lower by about 0.2%.
And on a percentage change basis, the ETF with the largest outflow was the Proshares Ultra MSCI Europe (UPV), which lost 50,000 of its shares, for a whopping 25.0% decline in outstanding shares.
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