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 iShares U.S. Preferred Stock ETF (AMEX:PFF), which shed 3.6 million shares, or a 1.4% decrease week over week. Among the largest underlying components of PFF, General Motors Series B shares (GM.PRB) are off about 0.1%, and HSBC Series B shares (HCS.PRB) are higher by about 0.1%.
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 33.3% decline in outstanding shares. Among the largest underlying components of LGEM, in morning trading today Gold Fields (NYSE:GFI) is trading flat, and Yanzhou Coal Mining (NYSE:YZC) is lower by about 3.7%.
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