VWO, UYM: 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 Vanguard FTSE Emerging Markets ETF (VWO), which shed 26 million shares, or a 2.1% decrease week over week. Among the largest underlying components of VWO, in morning trading today China Mobile (CHL) is down about 0.3% And on a percentage change basis, the ETF with the largest outflow was the Proshares Ultra Basic Materials (UYM), which lost 900,000 of its shares, for a whopping 26.7% decline in outstanding shares.