ETF Deathwatch for November 2010

November 9, 2010 by  
Filed under Commentary, ETF Deathwatch 2010

The number of exchange-traded products (ETPs) on ETF Deathwatch jumped to 154 (120 ETFs and 34 ETNs), the highest level in 18 months.  Product sponsors delisted and closed six ETFs in September and another six in October.  Despite the recent closures, this month’s list is four more than last month.

Five of the October closures were from Old Mutual GlobalShares as the firm decided to exit the U.S. ETF market completely.  Marketing efforts like a zero fee teaser and 5:1 split failed to attract assets.  The remaining October closure was JETS Dow Jones Islamic Market International Index Fund (former ticker JVS).

UBS E-TRACS CMCI Short Platinum Excess Return Index ETN (PTD) traded on only three days in October and tops our list this month by averaging just $707 (24 shares) per day in trading activity.  ELEMENTS Ben Graham Total Market Value ETN (BVT) was close behind with an average dollar volume of $882.

I’m not sure how much longer FaithShares can keep the faith.  Launched less than a year ago, FaithShares currently have about $11.2 million split across five funds.  This is even less than the $13.1 million they had shortly after their December 2009 launch.

I give all new products a six-month grace period before they can go on Deathwatch because even great products need some time to gain traction.  The 25 new products launched in April 2010 became eligible for the first time this month.  Sixteen attracted enough activity to stay off the list, but the other seven are part of this month’s ETF Deathwatch.

PowerShares previously announced the closure of ten ETFs with the last day of trading scheduled for December 14.  I expect some additional closures before year-end.

Listed below are the 154 products on ETF Deathwatch for October that are at least six months old and failed to generate at least $100,000 in average daily dollar volume last month.

ETF Deathwatch for November 2010

Death watch RankTicker SymETF NameAge (mths)Avg Daily VolumeAvg Daily $ Volume
1PTDUBS E-TRACS CMCI Short Platinum ER ETN3024$707
2BVTELEMENTS Ben Graham Total Mkt Value ETN2776$882
3FKLFaithShares Lutheran Values Fund1181$2,172
4UBNUBS E-TRACS CMCI Energy TR ETN31171$2,432
5TWOLDirexion Daily 2-Year Treasury Bull 3x862$2,573
6FZBFaithShares Baptist Values Fund11100$2,743
7EEHELEMENTS Spctrm LgCap US Sector Mo ETN40333$2,896
8PQSCPowerShares FTSE Nasdaq Small Cap31157$3,895
9AXFNiShares MSCI ACWI ex US Financials9157$3,897
10BVLELEMENTS Ben Graham Large Cap Value ETN27367$3,914
11EKHHOLDRS Europe 200111971$4,359
12FOCFaithShares Christian Values Fund11167$4,622
13EENGuggenheim EW Euro-Pacific LDRs ETF45248$4,754
14WMHHOLDRS Wireless122114$5,016
15UBCUBS E-TRACS CMCI Livestock TR ETN31257$5,198
16FMVFaithShares Methodist Values Fund11190$5,294
17BRISDirexion Daily BRIC Bear 2x8205$5,889
18GWOELEMENTS CS Global Warming ETN311,081$6,991
19PMAPowerShares Active Mega-Cap Portfolio31314$7,326
20KMESPDR KBW Mortgage Finance ETF18195$7,747
21MKHHOLDRS Merrill Lynch Market 2000+124176$8,602
22PGDBarclays Asian&Gulf Currency Reval. ETN29171$8,729
23GMMBGrail McDonnell Intermediate Municipal Bnd9176$9,122
24BSCELEMENTS Ben Graham Small Cap Value ETN27814$9,849
25FCVFaithShares Catholic Values Fund11357$10,010
26UMXProShares Ultra MSCI Mexico Investable Mkt6310$10,050
27JPXProShares UltraShort MSCI Pacific ex-Japan17895$11,091
28WFVKWilshire 5000 Total Market ETF (Guggenheim)8448$11,730
29GVTGrail American Beacon Large Cap Value18371$12,323
30SPGHUBS E-TRACS S&P 500 Gold Hedged Idx ETN9386$12,890
31JFTKEYnotes FT Enhanced 130/30 Large Cap ETN30395$12,929
32BDGPowerShares DB Base Metals Long ETN29548$13,206
33XLBSPowerShares S&P SmallCap Materials7557$13,802
34FEFNiShares MSCI Far East Financials Sector9548$13,931
35PSTLPowerShares Global Steel Portfolio26657$14,329
36JYNiPath JPY/USD Exchange Rate ETN42200$14,490
37JEMBarclays GEMS Currency Index ETN33324$15,026
38TZDiShares S&P Target Date 2010 Index Fund24543$16,678
39GMTBGrail McDonnell Core Taxable Bond ETF9324$16,860
40DPUPowerShares DB Commodity Long ETN311,043$17,057
41RWGGrail RP Focused Large Cap Growth ETF13600$17,212
42JYFWisdomTree Dreyfus Japan Yen30543$17,344
43TWQProShares UltraShort Russell300016886$17,423
44XRUCurrencyShares Russian Ruble Shares24538$17,585
45TZEiShares S&P Target Date 2015 Index Fund24571$17,902
46TZLiShares S&P Target Date 2030 Index Fund24590$19,083
47TZOiShares S&P Target Date 2035 Index Fund24619$20,053
48GCEClaymore CEF Index GS Connect ETN351,210$20,849
49WXSPWilshire 4500 Completion ETF (Guggenheim)8810$21,702
50GRNiPath Global Carbon ETN29810$22,530
51PTRPPowerShares Global Progressive Transport.26810$23,502
52PBTQPowerShares Global Biotech Portfolio261,143$29,132
53RPXGrail RP Growth ETF131,043$30,059
54ULQClaymore U.S. Cap Mkts Micro-Trm Fxd Inc33610$30,342
55UBMUBS E-TRACS CMCI Industrial Metals TR ETN311,362$30,923
56OTPGuggenheim Ocean Tomo Patent ETF471,290$30,979
57PICPowerShares Dynamic Insurance612,095$32,873
58CRBIJefferies|TR/J CRB Global Ind Metals Equity12795$33,801
59UBDClaymore U.S. Capital Markets Bond33652$35,035
60WMCRWilshire Micro-Cap ETF (Guggenheim)502,110$35,134
61PZJPowerShares Zacks Small Cap571,843$36,809
62UBGUBS E-TRACS CMCI Gold TR ETN311,014$36,879
63PQBWPowerShares Nasdaq 100 Buy/Write291,833$40,423
64TDVTDX Independence 2040382,158$40,952
65SJLProShares UltraShort Russell Midcap Value452,395$42,178
66PTOPowerShares Ibbotson Alternative Completion303,671$42,350
67BOSPowerShares DB Base Metals Short ETN292,119$42,657
68IRYSPDR S&P International Health Care281,414$42,955
69EROiPath EUR/USD Exchange Rate ETN42814$43,847
70FUEELEMENTS MLCX Biofuels ETN334,195$44,072
71TZIiShares S&P Target Date 2025 Index Fund241,390$44,640
72MUAEiShares 2016 S&P AMT-Free Muni Series10857$44,813
73XLISPowerShares S&P SmallCap Industrials71,757$45,136
74MUACiShares 2014 S&P AMT-Free Muni Series10881$45,334
75PLKPowerShares Active Low Duration311,776$45,402
76CHIBGlobal X China Technology ETF112,781$46,600
77CMDProShares UltraShort DJ-UBS Commodity243,767$47,131
78TDXTDX Independence In-Target381,845$47,364
79WMWELEMENTS Morningstar Wide Moat Focus ETN374,448$47,867
80MESMarket Vectors Gulf States282,148$49,100
81SBMProShares Short Basic Materials81,143$50,561
82DODELEMENTS Dogs of the Dow Total Return ETN366,343$50,763
83MUABiShares 2013 S&P AMT-Free Muni Series101,000$51,218
84EZYWisdomTree Large Cap Value451,424$51,529
85IFEUiShares FTSE EPRA/NAREIT Europe361,629$51,731
86TDDTDX Independence 2010382,181$51,911
87PWOPowerShares Dynamic OTC911,157$52,054
88RHSRydex S&P Equal Weight Cons Staples48962$52,851
89VRDSPDR Nuveen S&P VRDO Municipal Bond ETF131,767$52,863
90BIBProShares Ultra Nasdaq Biotechnology71,029$54,944
91DDPPowerShares DB Commodity Short ETN311,548$55,236
92ROIWisdomTree LargeCap Growth231,610$55,360
93AGFPowerShares DB Agriculture Long ETN312,990$55,535
94UPVProShares Ultra MSCI Europe61,662$55,746
95CRBAJefferies|TR/J CRB Global Agriculture Equity121,205$56,438
96PFIPowerShares Dynamic Financials493,252$57,148
97PQYPowerShares Active AlphaQ312,252$58,623
98URRMarket Vectors Double Long Euro ETN301,952$60,648
99PJOPowerShares FTSE RAFI Japan411,629$61,726
100PJMPowerShares Dynamic Small Cap483,152$63,653
101PYHPowerShares Morningstar StockInvestor Core483,381$64,026
102EZJProShares Ultra MSCI Japan17962$64,135
103TDNTDX Independence 2030383,260$64,353
104TENZPIMCO 7-15 Year U.S. Treasury14790$65,224
105SFKProShares UltraShort Russell 1000 Growth452,357$65,248
106EGPTMarket Vectors Egypt Index ETF93,405$65,716
107XGCGuggenheim International Small Cap LDRs442,978$70,332
108EVXMarket Vectors Environmental Services491,529$72,319
109USVUBS E-TRACS CMCI Silver TR ETN312,176$73,104
110IPUSPDR S&P International Utilities283,581$74,247
111TLLProShares UltraShort Telecom327,366$76,326
112SDPProShares UltraShort Utilities464,562$76,582
113XLFSPowerShares S&P SmallCap Financials73,095$77,260
114PFAPowerShares Dynamic Dev Intl Opps414,614$78,101
115EUWisdomTree Dreyfus Euro303,552$79,698
116UXJProShares Ultra MSCI Pacific Ex-Japan62,314$79,878
117MUAAiShares 2012 S&P AMT-Free Muni Series101,571$80,010
118SDKProShares UltraShort Russell Midcap Growth454,348$80,102
119INYSPDR Nuveen Barclays New York Muni Bond373,505$81,217
120ELRSPDR Dow Jones Large Cap601,481$81,437
121EEOEGS DJ Emerging Markets Energy Titans183,252$82,741
122YXIProShares Short FTSE/Xinhua China81,938$82,929
123TWOZDirexion Daily 2-Year Treasury Bear 3x82,210$83,727
124RZGRydex S&P SmallCap 600 Pure Growth571,986$84,403
125PWTPowerShares Dynamic Small Cap Growth695,981$84,659
126INRMarket Vectors Indian Rupee/USD ETN322,086$84,697
127ADZPowerShares DB Agriculture Short ETN312,924$85,004
128FUDUBS E-TRACS CMCI Food TR ETN313,390$85,850
129ADRUBLDRS Europe 100 ADR974,171$86,896
130WREIWilshire US REIT ETF (Guggenheim)82,995$87,516
131DJCIUBS E-TRACS DJ-UBS Commodity TR ETN123,209$88,389
132SMKProShares UltraShort MSCI Mexico175,290$89,344
133NUCLiShares S&P Global Nuclear Energy292,214$90,454
134EFNEGS DJ Emerging Markets Financials Titans143,433$91,831
135GBBiPath GBP/USD Exchange Rate ETN422,167$92,464
136PMNAPowerShares MENA Frontier Countries286,824$93,157
137IPKSPDR S&P International Technology283,702$93,365
138RXDProShares UltraShort Healthcare463,000$93,485
139DENTAdvisorShares Dent Tactical ETF144,629$93,934
140PJBPowerShares Dynamic Banking497,990$94,672
141FIVZPIMCO 3-7 Year U.S. Treasury Index ETF121,186$95,266
142FDVFirst Trust Strategic Value524,429$95,584
143PWPPowerShares Dynamic Mid Cap Value696,362$95,708
144TDHTDX Independence 2020384,326$95,717
145FVIFirst Trust Value Line Equity Allocation485,010$95,718
146CHIEGlobal X China Energy ETF115,986$96,073
147FEUSPDR STOXX Europe 50 ETF982,800$96,338
148PRBMarket Vectors Pre-Refunded Municipal213,852$97,511
149YCLProShares Ultra Yen242,976$97,889
150SZOPowerShares DB Crude Oil Short ETN292,024$98,585
151CLYiShares 10+ Year Credit Bond Fund111,800$98,606
152UVUProShares Ultra Russell Midcap Value453,257$99,170
153SMMUPIMCO Short Term Municipal Bond Strategy91,971$99,555
154MUAFiShares 2017 S&P AMT-Free Muni Series101,876$99,784

Past issues of ETF Deathwatch are available here.

Disclosure covering writer, editor, and publisher: No positions in any of the securities mentioned. No positions in any of the companies or ETF sponsors mentioned.  No income, revenue, or other compensation (either directly or indirectly) received from, or on behalf of, any of the companies or ETF sponsors mentioned.


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