IAU, SBB: Big ETF Outflows
July 12, 2013 at 13:00 PM EDT
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 7 million shares, or a 1.2% decrease week over week. And on a percentage change basis, the ETF with the largest outflow was the Proshares Short SmallCap600 (SBB), which lost 450,000 of its shares, for a whopping 31.6% decline in outstanding shares.