XLB, MYY: Big ETF Outflows
December 20, 2012 at 12:30 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 Materials Select Sector SPDR Fund (XLB), which shed 3,950,000 shares, or a 6.5% decrease week over week. And on a percentage change basis, the ETF with the largest outflow was the Proshares Short MidCap400 (MYY), which lost 300,000 of its shares, for a whopping 28.6% decline in outstanding shares.