XLU, PMR: Big ETF Outflows

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 3,850,000 shares, or a 2.5% decrease week over week. And on a percentage change basis, the ETF with the largest outflow was the Dynamic Retail Portfolio (PMR), which lost 550,000 of its shares, for a whopping 26.2% decline in outstanding shares.