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 Daily Small Cap Bear 3x Shares (TZA), which shed 7,000,000 shares, or a 13.4% decrease week over week. And on a percentage change basis, the ETF with the largest outflow was the Proshares Ultra Russell2000 (UWM), which lost 3,900,000 of its shares, for a whopping 55.9% decline in outstanding shares.