EWZ, TBZ: 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 7.9 million shares, or a 6.0% decrease week over week. And on a percentage change basis, the ETF with the largest outflow was the Proshares UltraShort 3-7 Year Treasury (TBZ), which lost 25,000 of its shares, for a whopping 16.7% decline in outstanding shares.