GDX, DRV: 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 Gold Miners ETF (GDX), which shed 19,600,000 shares, or a 8.0% decrease week over week. Among the largest underlying components of GDX, in morning trading today Goldcorp (GG) is off about 0.8%, and Barrick Gold Corporation (ABX) is lower by about 1.2%.