XLK, UGEM: Big ETF Outflows
Posted on November 26, 2012 at 13:07 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 5,150,000 shares, or a 1.6% decrease week over week. And on a percentage change basis, the ETF with the largest outflow was the Utilities GEMS ETF (UGEM), which lost 100,000 of its shares, for a whopping 50.0% decline in outstanding shares.