XLU, UST: Big ETF Outflows
January 07, 2013 at 13:01 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 Utilities Select Sector SPDR Fund (XLU), which shed 7,000,000 shares, or a 4.4% decrease week over week. And on a percentage change basis, the ETF with the largest outflow was the Proshares Ultra 7-10 Year Treasury (UST), which lost 6,750,000 of its shares, for a whopping 51.9% decline in outstanding shares.