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 Daily Gold Miners Bull 3x Shares (AMEX:NUGT), which shed 13.5 million shares, or a 14.8% decrease week over week.
And on a percentage change basis, the ETF with the largest outflow was the Proshares Ultra Industrials (AMEX:UXI), which lost 75,000 of its shares, for a whopping 20.0% decline in outstanding shares. Among the largest underlying components of UXI, in morning trading today 3M Company (NYSE:MMM) is off about 0.3%, and ABM Industries (NYSE:ABM) is higher by about 0.4%.
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