MDY, UVU: 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 S&P MidCap 400 ETF (MDY), which shed 6.2 million shares, or a 9.8% decrease week over week. And on a percentage change basis, the ETF with the largest outflow was the Proshares Ultra Russell MidCap Value (UVU), which lost 75,000 of its shares, for a whopping 33.3% decline in outstanding shares.