GLD, AZIA: 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 SPDR Gold Shares (GLD), which shed 5.8 million shares, or a 1.7% decrease week over week. And on a percentage change basis, the ETF with the largest outflow was the Global X Central Asia & Mongolia Index ETF (AZIA), which lost 50,000 of its shares, for a whopping 33.3% decline in outstanding shares.