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 Russia ETF (AMEX:RSX), which shed 9.6 million shares, or a 19.7% decrease week over week. Among the largest underlying components of RSX, in morning trading today Mobile Telesystems (NYSE:MBT) is down about 0.6%, and Yandex (NASDAQ:YNDX) is lower by about 1%.
And on a percentage change basis, the ETF with the largest outflow was the Basic Materials GEMS ETF (LGEM), which lost 100,000 of its shares, for a whopping 25.0% decline in outstanding shares. Among the largest underlying components of LGEM, in morning trading today Gerdau (NYSE:GGB) is down about 0.9%, and Anglogold Ashanti (NYSE:AU) is lower by about 0.6%.
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