IAU, UXJ: 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 iShares Gold Trust (IAU), which shed 3.9 million shares, or a 0.6% decrease week over week. And on a percentage change basis, the ETF with the largest outflow was the Proshares Ultra MSCI Pacific ex-Japan (UXJ), which lost 50,000 of its shares, for a whopping 50.0% decline in outstanding shares.