47 ETPs Had Zero Volume Friday

The NYSE traded 1.29 billion shares on Friday (7/17/2009), and the Nasdaq saw 1.91 billion shares change hands.  Yet 47 ETFs and ETNs that attracted no attention, turning in a total volume of zero for the day.

There was nothing unique about Friday’s market action.  In fact, it is not uncommon to have 30-50 exchange-traded products (ETPs) without any volume on any given day.  With the current count of listed ETFs and ETNs standing at 851, this means that 5.5% of them had no volume on Friday.

Three of the funds on the list are less than two months old (MCRO, JPX, SMK).  It is understandable that they might occasionally have zero volume given that they are still quite young.  However, the average age of funds on this list is more than 18 months.

HOLDRS Europe 2001 (EKH) is the oldest fund on the list, having been introduced more than eight years ago in January 2001.  There is no excuse for it failing to trade the last two days of the week.  Ten of the funds have been around for more than two years and still can’t manage a trade every day.

In many cases, the zero volume can persist for days.  E-TRACS CMCI Short Platinum Excess Return ETN (PTD) has had zero volume every day since June 10, 2009, more than five weeks.

Here are the 47 ETFs and ETNs with zero volume on Friday.  Be sure to add these to your Do Not Trade list along with all the funds on ETF Deathwatch.

ETFs & ETNs with Zero Volume on 7/17/2009

Ticker	Name	Last Trade Date	Days of Zero
AGF	PowerShares DB Agriculture Long ETN	07/14/2009	3
BDG	PowerShares DB Base Metals Lng ETN	07/15/2009	2
BSC	Elements Ben Graham Small Cap Value ETN	07/16/2009	1
EEN	Claymore/Robeco Developed Intl Equity	07/15/2009	2
EKH	HOLDRS Europe 2001	07/15/2009	2
EZM	WisdomTree Mid Cap Earnings	07/16/2009	1
FUE	Elements MLCX Biofuels ETN	07/16/2009	1
FVI	First Trust Value Line Equity Allocation	07/16/2009	1
GBB	iPath GBP/USD Exchange Rate ETN	07/16/2009	1
IFEU	iShares FTSE EPRA/NAREIT Europe	07/16/2009	1
IFSM	iShares FTSE Dev Small Cap ex-N. Amer	07/16/2009	1
INR	Market Vectors Indian Rupee/USD ETN	07/14/2009	3
IPS	SPDR S&P International Consumer Staples	07/16/2009	1
IPU	SPDR S&P International Utilities	07/16/2009	1
IPW	SPDR S&P International Energy	07/16/2009	1
IRO	Claymore/Zacks Dividend Rotation	07/16/2009	1
JEM	Barclays GEMS Currency Index ETN	07/13/2009	4
JJS	iPath DJ AIG Softs ETN	07/15/2009	2
JPX	ProShares UltraShort MSCI Pacific ex-Japan	07/16/2009	1
JYF	WisdomTree Dreyfus Japan Yen	07/16/2009	1
JYN	iPath JPY/USD Exchange Rate ETN	07/16/2009	1
KME	SPDR KBW Mortgage Finance ETF	07/16/2009	1
MCRO	IQ Hedge Macro Tracker ETF	07/16/2009	1
MZN	Claymore/Mrngstr Inform. SuperSector	07/01/2009	16
MZO	Claymore/Mrngstr Services SuperSector	07/13/2009	4
OTP	Claymore/Ocean Tomo Patent	07/16/2009	1
OTR	Claymore/Ocean Tomo Growth	07/15/2009	2
PGD	Barclays Asian&Gulf Currency Reval. ETN	07/16/2009	1
PJO	PowerShares FTSE RAFI Japan	07/16/2009	1
PQSC	PowerShares FTSE Nasdaq Small Cap	07/10/2009	7
PQY	PowerShares Active AlphaQ	07/16/2009	1
PTD	E-TRACS CMCI Short Platinum Exc Ret ETN	06/10/2009	37
ROB	Claymore/Robb Report Global Luxury	07/16/2009	1
SMK	ProShares UltraShort MSCI Mexico	07/16/2009	1
STH	Claymore/Sabrient Stealth	07/16/2009	1
TZD	iShares S&P Target Date 2010 Index Fund	07/16/2009	1
TZG	iShares S&P Target Date 2020 Index Fund	07/15/2009	2
TZI	iShares S&P Target Date 2025 Index Fund	07/16/2009	1
TZO	iShares S&P Target Date 2035 Index Fund	07/15/2009	2
TZV	iShares S&P Target Date 2040 Index Fund	07/16/2009	1
UAG	E-TRACS CMCI Agriculture TR ETN	07/13/2009	4
UBC	E-TRACS CMCI Livestock Total Return ETN	07/02/2009	15
UBD	Claymore U.S. Capital Markets Bond ETF	07/15/2009	2
UBN	E-TRACS CMCI Energy Total Return ETN	07/13/2009	4
UEM	Claymore U.S.-1-The Capital Markets	07/16/2009	1
USV	E-TRACS CMCI Silver Total Return ETN	07/14/2009	3
XRU	CurrencyShares Russian Ruble Shares	07/16/2009	1

Disclosure:  no positions