GDX, AXHE: 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 Gold Miners ETF (GDX), which shed 8,550,000 shares, or a 3.4% decrease week over week. Among the largest underlying components of GDX, in morning trading today Goldcorp (GG) is down about 0.7%, and Barrick Gold (ABX) is up by about 0.1%.