ETFs with Surge in Traded Value
Here is a list of the top-10 ETFs that experienced the largest percentage increase in value traded for the week ending April 17, 2009.
To create the list, I first screened for ETFs and ETNs that had an Average Daily Value Traded (ADVT) of at least $1 million for the past 21 market days. This includes only those products in the upper ETF Liquidity Tiers and represents approximately 45% of the universe of US-listed ETFs and ETNs. This step eliminates many of the peculiarities associated with low volume securities.
Next, I compared the ADVT of the past week to the 50-day average to determine which ones had the largest spike in the past week – an indication of potential increased interest from investors and traders.
The table below shows the price change for the week along with the ratio of 5-day ADVT to 50-day ADVT expressed as a percentage increase.
|ITF||iShares S&P/TOPIX 150||-0.1%||406%|
|JKL||iShares Morningstar Small Value||4.2%||266%|
|PXH||PowerShares FTSE RAFI Emerging Markets||1.0%||192%|
|JKI||iShares Morningstar Mid Value||3.2%||183%|
|IGN||iShares S&P N.A. Tech MMedia Networking||3.4%||172%|
|ELV||SPDR DJ Wilshire Large Cap Value||2.3%||169%|
|PHB||PowerShares High Yield Corp Bond||2.1%||147%|
|RFL||Rydex 2x S&P Financial||5.6%||145%|
|IWW||iShares Russell 3000 Value||1.9%||137%|
Disclosure: no positions