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 Industrial Select Sector SPDR Fund (NYSE:XLI), which shed 4,500,000 shares, or a 4.7% decrease week over week.
And on a percentage change basis, the ETF with the largest outflow was the iShares MSCI Emerging Markets EMEA Index Fund (EEME), which lost 100,000 of its shares, for a whopping 50.0% decline in outstanding shares. Among the largest underlying components of EEME, in morning trading today Mobile Telesystems Ojsc (NYSE:MBT) is up about 0.9%, and Mechel Oao (NYSE:MTL) is higher by about 0.1%.
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