The number of exchange-traded products on Deathwatch increased for the first time in five months. This month’s list of 142 names is up from 134 last month while still remaining below the record high of 171 in March. The current list consists of 105 ETFs and 37 ETNs that are at least six months old and failed to have an Average Daily Value Traded (ADVT) of at least $100,000 during July.
Claymore/Morningstar Information Super Sector Index ETF (MZN) tops the list this month. It only managed to trade a measly 45 shares per day on average. This translates to an ADVT of just $813. A closer look reveals that all of its trading took place on just two days, with 896 shares changing hands on July 1 and 100 more shares on July 21. The other 20 trading days it showed up in the zero volume reports.
Elements Ben Graham Large Cap Value ETN (BVL) lost its top spot even though its July ADVT of $1,476 represented a decline of nearly 20% from the previous month. It had 12 days of zero volume. As usual, the majority of the Elements lineup can be found in this month’s list.
There were 11 ETFs that reached an age of six months during July; making this August list the first time they are eligible to be included on ETF Deathwatch. All eleven of them escaped that fate, so the increase this month cannot be attributed to the newer funds. In fact, the average age of ETFs on the list is 25 months. Five of them are more than eight years old, making them virtual old timers in the world of ETFs.
This month’s Deathwatch list has 29 names that were not there last month. One of the larger falls from grace belongs to E-TRACS CMCI Food Total Return ETN (FUD), which saw its ADVT plunge more than 92% from $487,098 in June to just $37,333 in July. The E-TRACS product line continues to be vulnerable with 90% of the family on Deathwatch month after month.
AirShares EU Carbon Allowances Fund (ASO) had its last day of trading on July 31 and therefore narrowly escaped being included on this month’s list.
ETF DEATHWATCH – AUGUST 2009
| Rank | Ticker | Name | Age (mths) | Avg Daily Volume | Avg Daily Value Traded |
|---|---|---|---|---|---|
| 1 | MZN | Claymore/Mrngstr Inform. SuperSector | 24 | 45 | $813 |
| 2 | BVL | Elements Ben Graham Large Cap Value ETN | 12 | 191 | $1,476 |
| 3 | TZL | iShares S&P; Target Date 2030 Index Fund | 9 | 91 | $2,389 |
| 4 | USV | E-TRACS CMCI Silver Total Return ETN | 16 | 132 | $2,585 |
| 5 | UBD | Claymore U.S. Capital Markets Bond ETF | 18 | 59 | $2,779 |
| 6 | JEM | Barclays GEMS Currency Index ETN | 18 | 68 | $2,975 |
| 7 | PTD | E-TRACS CMCI Short Platinum Exc Ret ETN | 15 | 123 | $4,397 |
| 8 | TZD | iShares S&P; Target Date 2010 Index Fund | 9 | 182 | $4,783 |
| 9 | UEM | Claymore U.S.-1-The Capital Markets | 18 | 145 | $5,599 |
| 10 | MZO | Claymore/Mrngstr Services SuperSector | 24 | 409 | $6,063 |
| 11 | BSC | Elements Ben Graham Small Cap Value ETN | 12 | 750 | $6,213 |
| 12 | FVI | First Trust Value Line Equity Allocation | 32 | 495 | $6,670 |
| 13 | INR | Market Vectors Indian Rupee/USD ETN | 17 | 191 | $6,968 |
| 14 | UBN | E-TRACS CMCI Energy Total Return ETN | 16 | 527 | $7,553 |
| 15 | DOD | Elements Dogs of the Dow Total Return ETN | 21 | 1,373 | $7,859 |
| 16 | OTR | Claymore/Ocean Tomo Growth | 28 | 405 | $8,008 |
| 17 | TGR | iShares S&P; Target Date Retirement Inc. | 9 | 318 | $8,197 |
| 18 | PQSC | PowerShares FTSE Nasdaq Small Cap | 16 | 464 | $8,623 |
| 19 | UBG | E-TRACS CMCI Gold Total Return ETN | 16 | 341 | $8,726 |
| 20 | MKH | HOLDRS Merrill Lynch Market 2000+ | 109 | 205 | $8,919 |
| 21 | TZG | iShares S&P; Target Date 2020 Index Fund | 9 | 355 | $9,267 |
| 22 | UAG | E-TRACS CMCI Agriculture TR ETN | 16 | 500 | $9,505 |
| 23 | TZE | iShares S&P; Target Date 2015 Index Fund | 9 | 373 | $9,813 |
| 24 | GWO | Elements CS Global Warming ETN | 16 | 1,527 | $9,987 |
| 25 | MZG | Claymore/Mrngstr Manufact. SuperSector | 24 | 582 | $10,599 |
| 26 | STH | Claymore/Sabrient Stealth | 35 | 850 | $10,879 |
| 27 | OTP | Claymore/Ocean Tomo Patent | 32 | 586 | $11,396 |
| 28 | BHH | HOLDRS B2B Internet ETF | 115 | 36,005 | $12,740 |
| 29 | AGF | PowerShares DB Agriculture Long ETN | 16 | 823 | $12,945 |
| 30 | PMA | PowerShares Active Mega-Cap Portfolio | 16 | 664 | $12,951 |
| 31 | PGD | Barclays Asian&Gulf; Currency Reval. ETN | 14 | 268 | $13,357 |
| 32 | PQY | PowerShares Active AlphaQ | 16 | 723 | $13,746 |
| 33 | AYT | Barclays GEMS Asia 8 ETN | 11 | 314 | $13,885 |
| 34 | PQZ | PowerShares Active Alpha Multi-Cap | 16 | 1,018 | $14,583 |
| 35 | CRO | Claymore/Zacks Country Rotation | 25 | 1,091 | $15,258 |
| 36 | FUE | Elements MLCX Biofuels ETN | 18 | 2,227 | $16,261 |
| 37 | JFT | First Trust Enhanced 130/30 Large Cap ETN | 15 | 677 | $16,286 |
| 38 | PNXQ | PowerShares Nasdaq Next Q | 16 | 859 | $16,594 |
| 39 | TZV | iShares S&P; Target Date 2040 Index Fund | 9 | 645 | $16,893 |
| 40 | BVT | Elements Ben Graham Total Mkt Value ETN | 12 | 2,077 | $17,152 |
| 41 | RTW | Rydex Inverse 2x S&P; Technology | 14 | 609 | $17,361 |
| 42 | CZA | Claymore/Zacks Mid-Cap Core ETF | 28 | 932 | $17,759 |
| 43 | IPU | SPDR S&P; International Utilities | 12 | 918 | $18,611 |
| 44 | IIH | HOLDRS Internet Infrastructure | 115 | 8,991 | $18,760 |
| 45 | IPS | SPDR S&P; International Consumer Staples | 12 | 805 | $19,159 |
| 46 | TZO | iShares S&P; Target Date 2035 Index Fund | 9 | 759 | $19,730 |
| 47 | UBM | E-TRACS CMCI Industrial Metals TR ETN | 16 | 1,295 | $20,933 |
| 48 | EEH | Elements Spec LgCap US Sector Mo ETN | 24 | 3,209 | $21,812 |
| 49 | DPU | PowerShares DB Commodity Long ETN | 15 | 1595 | $22,563 |
| 50 | ROB | Claymore/Robb Report Global Luxury | 24 | 1,595 | $22,609 |
| 51 | UBC | E-TRACS CMCI Livestock Total Return ETN | 16 | 1,259 | $22,848 |
| 52 | GRN | iPath Global Carbon ETN | 13 | 973 | $25,198 |
| 53 | CSD | Claymore/Clear Spin-Off ETF | 32 | 1,814 | $25,373 |
| 54 | IRY | SPDR S&P; International Health Care | 12 | 1,009 | $25,678 |
| 55 | IRO | Claymore/Zacks Dividend Rotation | 22 | 1,677 | $25,968 |
| 56 | DEF | Claymore/Sabrient Defender | 32 | 1,509 | $27,537 |
| 57 | EXB | Claymore/Clear Global Exchanges & Brokers | 26 | 2,245 | $28,279 |
| 58 | EKH | HOLDRS Europe 2001 | 104 | 555 | $28,813 |
| 59 | IPN | SPDR S&P; International Industrial | 12 | 1,464 | $29,235 |
| 60 | TZI | iShares S&P; Target Date 2025 Index Fund | 9 | 1,155 | $30,007 |
| 61 | UCI | E-TRACS CMCI Total Return ETN | 16 | 1782 | $30,151 |
| 62 | BOS | PowerShares DB Base Metals Sht ETN | 14 | 945 | $30,485 |
| 63 | FPX | First Trust IPOX-100 Index Fund | 40 | 1,855 | $30,522 |
| 64 | JYF | WisdomTree Dreyfus Japan Yen | 15 | 1,100 | $30,712 |
| 65 | ERO | iPath EUR/USD Exchange Rate ETN | 27 | 564 | $31,038 |
| 66 | IPF | SPDR S&P; International Financial | 12 | 1,914 | $33,821 |
| 67 | EEN | Claymore/Robeco Developed Intl Equity | 29 | 2,159 | $34,232 |
| 68 | PJO | PowerShares FTSE RAFI Japan | 26 | 977 | $34,723 |
| 69 | BWV | iPath CBOE S&P; 500 BuyWrite Index ETN | 27 | 941 | $36,746 |
| 70 | FUD | E-TRACS CMCI Food Total Return ETN | 16 | 1,955 | $37,333 |
| 71 | XGC | Claymore/BNY Mellon Internat. Small Cap LDRs | 28 | 2,450 | $37,675 |
| 72 | EU | WisdomTree Dreyfus Euro | 15 | 1,664 | $37,838 |
| 73 | IFEU | iShares FTSE EPRA/NAREIT Europe | 21 | 1,650 | $38,472 |
| 74 | IPD | SPDR S&P; International Consumer Discr | 12 | 2,050 | $41,674 |
| 75 | XRU | CurrencyShares Russian Ruble Shares | 9 | 1,373 | $43,449 |
| 76 | ROI | WisdomTree LargeCap Growth | 8 | 1,468 | $44,258 |
| 77 | EEZ | WisdomTree Earnings Top 100 Fund | 30 | 1,414 | $44,406 |
| 78 | JYN | iPath JPY/USD Exchange Rate ETN | 27 | 718 | $45,566 |
| 79 | FAD | First Trust Multi Cap Growth AlphaDEX | 27 | 2,336 | $46,367 |
| 80 | RYU | Rydex S&P; Equal Weight Utilities | 33 | 1,136 | $47,091 |
| 81 | RHO | Rydex Inverse 2x S&P; Health Care | 14 | 977 | $48,209 |
| 82 | RHM | Rydex 2x S&P; Health Care | 14 | 918 | $48,465 |
| 83 | JJS | iPath DJ AIG Softs ETN | 13 | 1,159 | $48,678 |
| 84 | IPW | SPDR S&P; International Energy | 12 | 2,173 | $49,167 |
| 85 | GCE | Claymore CEF Index GS Connect ETN | 20 | 3,532 | $49,591 |
| 86 | PBTQ | PowerShares Global Biotech Portfolio | 11 | 2,223 | $50,168 |
| 87 | EMV | SPDR DJ Wilshire Mid Cap Value | 45 | 1,395 | $50,226 |
| 88 | PTRP | PowerShares Glb Progressive Transport. | 11 | 2,332 | $51,696 |
| 89 | PSR | PowerShares Active U.S. Real Estate Fund | 8 | 2,027 | $54,245 |
| 90 | JPP | SPDR Russell/Nomura PRIME Japan | 33 | 1,523 | $54,428 |
| 91 | FXR | First Trust Industrials AlphaDex | 27 | 4,918 | $54,658 |
| 92 | RTL | iShares FTSE NAREIT Retail | 27 | 3,655 | $56,733 |
| 93 | IFNA | iShares FTSE NAREIT North America | 21 | 2,450 | $57,963 |
| 94 | PFI | PowerShares Dynamic Financials | 34 | 3,850 | $58,040 |
| 95 | FDD | First Trust DJ STOXX Select Dividend 30 | 23 | 5,100 | $59,284 |
| 96 | FNX | First Trust Mid Cap Core AlphaDEX | 27 | 2,886 | $59,903 |
| 97 | RHS | Rydex S&P; Equal Weight Cons Staples | 33 | 1,391 | $60,045 |
| 98 | INY | SPDR Barclays New York Muni Bond | 22 | 2,814 | $62,040 |
| 99 | FTA | First Trust Large Cap Value Op AlphaDEX | 27 | 3,564 | $63,803 |
| 100 | TDD | TDX Independence 2010 | 22 | 2,877 | $64,262 |
| 101 | QQXT | First Trust Nasdaq-100 Ex-Technology | 30 | 4,545 | $64,993 |
| 102 | TDX | TDX Independence In-Target | 22 | 2,677 | $65,719 |
| 103 | WMH | HOLDRS Wireless | 107 | 1,464 | $66,036 |
| 104 | PIC | PowerShares Dynamic Insurance | 46 | 5,673 | $67,855 |
| 105 | BDG | PowerShares DB Base Metals Lng ETN | 14 | 4,323 | $67,952 |
| 106 | ADRU | BLDRS Europe 100 ADR | 82 | 3,695 | $68,030 |
| 107 | PSTL | PowerShares Global Steel Portfolio | 10 | 4,000 | $68,470 |
| 108 | PZJ | PowerShares Zacks Small Cap | 42 | 4,514 | $70,481 |
| 109 | FXG | First Trust Consumer Staples AlphaDex | 27 | 4,518 | $70,740 |
| 110 | EXT | WisdomTree Total Earnings | 30 | 2,205 | $72,868 |
| 111 | GRU | Elements MLCX Grains Total Return ETN | 18 | 13,782 | $75,039 |
| 112 | PAO | PowerShares Auto Balanced Growth NFA | 15 | 7,705 | $76,476 |
| 113 | FXO | First Trust Financials AlphaDex | 27 | 7,918 | $76,484 |
| 114 | TDN | TDX Independence 2030 | 22 | 4,718 | $78,444 |
| 115 | LD | iPath DJ AIG Lead ETN | 13 | 1,736 | $79,323 |
| 116 | FXD | First Trust Cons Discretionary AlphaDex | 27 | 6,736 | $80,060 |
| 117 | FTC | First Trust Large Cap Growth Op AlphaDEX | 27 | 4,236 | $80,248 |
| 118 | DRF | WisdomTree Intl Financial | 34 | 5,977 | $80,266 |
| 119 | XRO | Claymore/Zacks Sector Rotation | 35 | 4,668 | $80,727 |
| 120 | DGG | WisdomTree Intl Communications | 34 | 3,741 | $80,967 |
| 121 | CNY | Market Vectors Chinese Renminbi/USD ETN | 17 | 2,018 | $81,775 |
| 122 | PIQ | PowerShares Dynamic Magniquant | 34 | 4,673 | $82,403 |
| 123 | FIO | iShares FTSE NAREIT Industrial Office | 27 | 5,095 | $82,614 |
| 124 | PTO | PowerShares Auto Growth NFA | 15 | 9,018 | $83,712 |
| 125 | PEF | PowerShares FTSE RAFI Europe | 26 | 2,809 | $84,083 |
| 126 | FAB | First Trust Multi Cap Value AlphaDEX | 27 | 4,495 | $85,273 |
| 127 | ADZ | PowerShares DB Agriculture Short ETN | 16 | 2,491 | $87,344 |
| 128 | ICI | iPath Optimized Currency Carry ETN | 16 | 2,064 | $90,751 |
| 129 | RGI | Rydex S&P; Equal Weight Industrials | 33 | 2,509 | $90,768 |
| 130 | DPN | WisdomTree Intl Consumer Non-Cycl | 34 | 4,373 | $90,889 |
| 131 | PNQI | PowerShares Nasdaq Internet | 14 | 4,459 | $91,178 |
| 132 | FRI | First Trust S&P; REIT | 27 | 10,964 | $91,246 |
| 133 | GBB | iPath GBP/USD Exchange Rate ETN | 27 | 2,077 | $92,625 |
| 134 | PCA | PowerShares Auto Balanced NFA | 15 | 8,659 | $92,966 |
| 135 | FXU | First Trust Utilities AlphaDex | 27 | 7,155 | $94,422 |
| 136 | PKW | PowerShares Buyback Achievers | 32 | 5,618 | $94,514 |
| 137 | EZY | WisdomTree Low P/E | 30 | 3,159 | $94,575 |
| 138 | FYX | First Trust Small Cap Core AlphaDEX | 27 | 4,809 | $94,747 |
| 139 | LVL | Claymore/BBD High Income | 26 | 8,264 | $96,078 |
| 140 | URR | Market Vectors Double Long Euro ETN | 15 | 2,914 | $96,721 |
| 141 | PYH | PowerShares Value Line Industry Rotation | 32 | 6,041 | $96,890 |
| 142 | MES | Market Vectors Gulf States | 12 | 5,014 | $97,720 |
Disclosure: no positions