XLK, DUST: Big ETF Outflows
Posted on November 08, 2012 at 12:10 PM EST
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 Technology Select Sector SPDR Fund (XLK), which shed 8,450,000 shares, or a 2.6% decrease week over week. And on a percentage change basis, the ETF with the largest outflow was the Daily Gold Miners Bear 3x Shares (DUST), which lost 500,000 of its shares, for a whopping 24.4% decline in outstanding shares.