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 500 (AMEX:SPY), which shed 5.4 million shares, or a 0.7% decrease week over week.
And on a percentage change basis, the ETF with the largest outflow was the Proshares Ultra Telecommunications (AMEX:LTL), which lost 75,000 of its shares, for a whopping 50.0% decline in outstanding shares. Among the largest underlying components of LTL, in morning trading today AT&T (NYSE:T) is up about 1%, and Atlantic Tele-Network (NASDAQ:ATNI) is lower by about 0.5%.
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