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 [1].
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 |