EWZ, UBR: 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 MSCI Brazil Capped ETF (EWZ), which shed 11.9 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 MSCI Brazil Capped (UBR), which lost 50,000 of its shares, for a whopping 20.0% decline in outstanding shares.
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