Looking at units outstanding versus one week prior within the universe of ETFs covered at ETF Channel, the biggest outflow was seen in the Gold Miners ETF (AMEX:GDX), where 10,850,000 units were destroyed, or a 3.4% decrease week over week. Among the largest underlying components of GDX, in morning trading today Goldcorp (NYSE:GG) is up about 0.4%, and Barrick Gold (NYSE:ABX) is higher by about 0.2%.
And on a percentage change basis, the ETF with the biggest outflow was the Proshares UltraShort Basic Materials (AMEX:SMN), which lost 75,000 of its units, representing a 15.3% decline in outstanding units compared to the week prior.
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