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 Metals and Mining ETF (AMEX:XME), which shed 2,950,000 shares, or a 14.6% decrease week over week. Among the largest underlying components of XME, in morning trading today Reliance Steel & Aluminum Company (NYSE:RS) is off about 1.9%, and Steel Dynamics Incorporated (NASDAQ:STLD) is lower by about 1%.
And on a percentage change basis, the ETF with the largest outflow was the Daily Gold Miners Bear 3x Shares (AMEX:DUST), which lost 200,000 of its shares, for a whopping 26.7% decline in outstanding shares.
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