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 Barclays Short Term Corporate Bond ETF (AMEX:SCPB), which shed 13,000,000 shares, or a 12.2% decrease week over week.
And on a percentage change basis, the ETF with the largest outflow was the Proshares Ultra Utilities (AMEX:UPW), which lost 75,000 of its shares, for a whopping 33.3% decline in outstanding shares. Among the largest underlying components of UPW, in morning trading today AES Corporation (NYSE:AES) is down about 1%, and AGL Resources (NYSE:GAS) is lower by about 0.2%.
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