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GDX, UMX: Big ETF Outflows

Looking at units outstanding versus one week prior within the universe of ETFs covered at ETF Channel, the biggest outflow was seen in the Gold Miners ETF (GDX), where 24,450,000 units were destroyed, or a 5.9% decrease week over week. Among the largest underlying components of GDX, in morning trading today Barrick Gold (ABX) is off about 1.5%, and Newmont Mining (NEM) is lower by about 0.8%.
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