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 Gold Miners ETF (AMEX:GDX), which shed 2,150,000 shares, or a 1.1% decrease week over week. Among the largest underlying components of GDX, in morning trading today Barrick Gold Corporation (NYSE:ABX) is off about 1.5%, and Goldcorp Incorporated (NYSE:GG) is lower by about 2.8%.
And on a percentage change basis, the ETF with the largest outflow was the Basic Materials GEMS ETF (AMEX:LGEM), which lost 150,000 of its shares, for a whopping 60.0% decline in outstanding shares. Among the largest underlying components of LGEM, in morning trading today Anglogold Ashanti Ltd (NYSE:AU) is down about 1.6%, and Gerdau SA (NYSE:GGB) is lower by about 0.2%.
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