The number of exchange-traded products (ETPs) on ETF Deathwatch grew again this month. For April, the quantity is 108 (76 ETFs and 32 ETNs), up from 104 for March.
Thirteen new funds launched last September, and now that they are at least six months old they have lost their Deathwatch immunity. Nine of these have generated enough investor attention to avoid the list, but four did not. Joining ETF Deathwatch for the first time this month are PIMCO 7-15 Year U.S. Treasury (TENZ), EGS Dow Jones Emerging Markets Financials Titans (EFN), SPDR Nuveen S&P VRDO Municipal Bond (VRD), and iShares Russell Top 200 Index Fund (IWL).
Topping this month’s list are E-TRACS CMCI Livestock Total Return ETN (UBC) and E-TRACS CMCI Short Platinum Excess Return ETN (PTD), which both averaged less than 100 shares traded per day in March. UBC traded on just six of 23 market while PTD could muster only three. Six other E-TRACS are on the list this month. They have now been on the market for two years and have failed to attract any investor interest. One has to wonder how much longer UBS will subsidize these products.
Two WisdomTree funds are on the list month, even after they shuttered ten funds in March. WisdomTree Dreyfus Japan Yen (JYF), one of their actively-managed funds, is #29 on the list and WisdomTree LargeCap Growth (ROI), the first GARP ETF, is #68 on the list.
Listed below are the 108 products on ETF Deathwatch for April that failed to generate at least $100,000 in average daily value traded (ADVT) during the past month.
ETF DEATHWATCH – APRIL 2010
| Rank | Ticker | Name | Age (mths) | Avg Daily Volume | Avg Daily Value Traded |
|---|---|---|---|---|---|
| 1 | UBC | E-TRACS CMCI Livestock Total Return ETN | 24 | 61 | $1,164 |
| 2 | PTD | E-TRACS CMCI Short Platinum Exc Ret ETN | 23 | 57 | $1,744 |
| 3 | BVL | Elements Ben Graham Large Cap Value ETN | 20 | 291 | $2,970 |
| 4 | GWO | Elements CS Global Warming ETN | 24 | 430 | $2,984 |
| 5 | GVT | Grail American Beacon Large Cap Value | 11 | 113 | $3,638 |
| 6 | UBN | E-TRACS CMCI Energy Total Return ETN | 24 | 257 | $3,810 |
| 7 | GBB | iPath GBP/USD Exchange Rate ETN | 35 | 143 | $5,804 |
| 8 | EEH | Elements Spec LgCap US Sector Mo ETN | 32 | 909 | $7,823 |
| 9 | PMA | PowerShares Active Mega-Cap Portfolio | 24 | 370 | $8,586 |
| 10 | JEM | Barclays GEMS Currency Index ETN | 26 | 213 | $9,732 |
| 11 | PQSC | PowerShares FTSE Nasdaq Small Cap | 24 | 470 | $11,322 |
| 12 | TWQ | ProShares UltraShort Russell3000 | 9 | 530 | $12,025 |
| 13 | GRN | iPath Global Carbon ETN | 22 | 522 | $12,539 |
| 14 | FUE | Elements MLCX Biofuels ETN | 26 | 1,696 | $12,652 |
| 15 | STH | Claymore/Sabrient Stealth | 43 | 882 | $14,227 |
| 16 | BHH | HOLDRS B2B Internet ETF | 123 | 31,641 | $14,399 |
| 17 | BVT | Elements Ben Graham Total Mkt Value ETN | 20 | 1,322 | $14,531 |
| 18 | CRO | Claymore/Zacks Country Rotation | 33 | 913 | $14,989 |
| 19 | ADZ | PowerShares DB Agriculture Short ETN | 24 | 435 | $15,266 |
| 20 | BDG | PowerShares DB Base Metals Lng ETN | 22 | 704 | $16,106 |
| 21 | JYN | iPath JPY/USD Exchange Rate ETN | 35 | 283 | $18,307 |
| 22 | PTRP | PowerShares Glb Progressive Transport. | 19 | 678 | $18,575 |
| 23 | USV | E-TRACS CMCI Silver Total Return ETN | 24 | 770 | $18,815 |
| 24 | EXB | Claymore/Beacon Gbl Exch, Brkrs, & Asst Mgrs | 34 | 1,439 | $19,101 |
| 25 | PNXQ | PowerShares Nasdaq Next Q | 24 | 730 | $19,117 |
| 26 | DOD | Elements Dogs of the Dow Total Return ETN | 29 | 2,691 | $19,526 |
| 27 | TENZ | PIMCO 7-15 Year U.S. Treasury Index Fund | 7 | 270 | $20,135 |
| 28 | JVS | Javelin DJ Islamic Market International | 9 | 439 | $20,994 |
| 29 | JYF | WisdomTree Dreyfus Japan Yen | 23 | 748 | $21,470 |
| 30 | AGF | PowerShares DB Agriculture Long ETN | 24 | 1,483 | $22,469 |
| 31 | EKH | HOLDRS Europe 2001 | 112 | 357 | $22,495 |
| 32 | IFEU | iShares FTSE EPRA/NAREIT Europe | 29 | 822 | $23,279 |
| 33 | EEN | Claymore/BNY Mellon EW Euro-Pacific LDRs | 38 | 1,361 | $25,030 |
| 34 | RTW | Rydex Inverse 2x S&P; Technology | 22 | 1,435 | $25,380 |
| 35 | FDD | First Trust DJ STOXX European Select Div | 31 | 1,948 | $25,957 |
| 36 | TZO | iShares S&P; Target Date 2035 Index Fund | 17 | 848 | $26,175 |
| 37 | UBG | E-TRACS CMCI Gold Total Return ETN | 24 | 904 | $27,275 |
| 38 | RHO | Rydex Inverse 2x S&P; Health Care | 22 | 905 | $27,413 |
| 39 | PGD | Barclays Asian&Gulf; Currency Reval. ETN | 22 | 565 | $28,068 |
| 40 | PBTQ | PowerShares Global Biotech Portfolio | 19 | 1,126 | $28,630 |
| 41 | TZD | iShares S&P; Target Date 2010 Index Fund | 17 | 991 | $29,018 |
| 42 | AYT | Barclays GEMS Asia 8 ETN | 19 | 626 | $29,519 |
| 43 | UAG | E-TRACS CMCI Agriculture TR ETN | 24 | 1,535 | $29,967 |
| 44 | ERO | iPath EUR/USD Exchange Rate ETN | 35 | 583 | $30,706 |
| 45 | IWL | iShares Russell Top 200 Index Fund | 6 | 1,157 | $30,776 |
| 46 | UBD | Claymore U.S. Capital Markets Bond ETF | 26 | 648 | $31,731 |
| 47 | UBM | E-TRACS CMCI Industrial Metals TR ETN | 24 | 1,504 | $32,192 |
| 48 | JFT | First Trust Enhanced 130/30 Large Cap ETN | 23 | 1,099 | $34,216 |
| 49 | TLL | ProShares UltraShort Telecom | 24 | 2,530 | $36,432 |
| 50 | WMW | Elements Mrngstr Wide Moat Focus ETN | 30 | 3,500 | $38,040 |
| 51 | TZL | iShares S&P; Target Date 2030 Index Fund | 17 | 1,274 | $39,422 |
| 52 | TZG | iShares S&P; Target Date 2020 Index Fund | 17 | 1,374 | $41,701 |
| 53 | TZE | iShares S&P; Target Date 2015 Index Fund | 17 | 1,422 | $42,577 |
| 54 | ULQ | Claymore U.S. Cap Mkts Micro-Trm Fxd Inc | 26 | 868 | $43,245 |
| 55 | TDD | TDX Independence 2010 | 30 | 1,870 | $43,456 |
| 56 | XRU | CurrencyShares Russian Ruble Shares | 17 | 1,313 | $44,140 |
| 57 | PIQ | PowerShares Dynamic Magniquant | 42 | 2,122 | $45,645 |
| 58 | BSC | Elements Ben Graham Small Cap Value ETN | 20 | 4,091 | $47,359 |
| 59 | PAO | PowerShares Auto Balanced Growth NFA | 23 | 4,157 | $48,482 |
| 60 | IPW | SPDR S&P; International Energy | 20 | 1,913 | $49,095 |
| 61 | DEF | Claymore/Sabrient Defender | 40 | 2,304 | $49,686 |
| 62 | IPU | SPDR S&P; International Utilities | 20 | 2,309 | $49,717 |
| 63 | IPS | SPDR S&P; International Consumer Staples | 20 | 1,787 | $51,252 |
| 64 | TZV | iShares S&P; Target Date 2040 Index Fund | 17 | 1,726 | $53,581 |
| 65 | XGC | Claymore/BNY Mellon Intl Small Cap LDRs | 36 | 2,687 | $54,278 |
| 66 | UWC | ProShares Ultra Russell3000 | 9 | 883 | $57,095 |
| 67 | WMH | HOLDRS Wireless | 115 | 1,239 | $57,169 |
| 68 | ROI | WisdomTree LargeCap Growth | 16 | 1,674 | $57,306 |
| 69 | TZI | iShares S&P; Target Date 2025 Index Fund | 17 | 1,900 | $58,561 |
| 70 | TGR | iShares S&P; Target Date Retirement Inc. | 17 | 2,104 | $59,462 |
| 71 | FUD | E-TRACS CMCI Food Total Return ETN | 24 | 3,009 | $59,928 |
| 72 | SJL | ProShares UltraShort Russell Midcap Value | 38 | 2,735 | $60,215 |
| 73 | RWV | RevenueShares Navellier Overall A-100 | 14 | 1,865 | $60,385 |
| 74 | PJM | PowerShares Dynamic Small Cap | 41 | 3,191 | $63,936 |
| 75 | PCA | PowerShares Auto Balanced NFA | 23 | 5,235 | $63,981 |
| 76 | PSTL | PowerShares Global Steel Portfolio | 19 | 2,961 | $67,896 |
| 77 | VRD | SPDR S&P; VRDO Municipal Bond ETF | 6 | 2,391 | $71,773 |
| 78 | FPX | First Trust US IPO Index Fund | 48 | 3,474 | $72,349 |
| 79 | RHM | Rydex 2x S&P; Health Care | 22 | 1,035 | $73,495 |
| 80 | PEF | PowerShares FTSE RAFI Europe | 34 | 2,217 | $75,777 |
| 81 | FVI | First Trust Value Line Equity Allocation | 40 | 4,183 | $76,411 |
| 82 | INR | Market Vectors Indian Rupee/USD ETN | 25 | 1,961 | $76,958 |
| 83 | PTO | PowerShares Auto Growth NFA | 23 | 6,861 | $77,301 |
| 84 | INY | SPDR Barclays New York Muni Bond | 30 | 3,465 | $78,307 |
| 85 | REC | Rydex Inverse 2x S&P; Energy | 22 | 15,578 | $79,926 |
| 86 | JJS | iPath DJ-UBS Softs ETN | 22 | 1,748 | $80,535 |
| 87 | MKH | HOLDRS Merrill Lynch Market 2000+ | 117 | 1,643 | $81,022 |
| 88 | MCRO | IQ Hedge Macro Tracker ETF | 10 | 3,126 | $82,664 |
| 89 | BDH | HOLDRS Broadband ETF | 122 | 7,265 | $83,398 |
| 90 | FAD | First Trust Multi Cap Growth AlphaDEX | 35 | 3,235 | $83,927 |
| 91 | PIC | PowerShares Dynamic Insurance | 54 | 5,565 | $84,115 |
| 92 | EFN | EGS DJ Emerging Markets Financials Titans | 7 | 1,917 | $85,247 |
| 93 | GXF | Global X FTSE Nordic 30 ETF | 7 | 5,057 | $85,681 |
| 94 | EZJ | ProShares Ultra MSCI Japan | 10 | 1,243 | $86,549 |
| 95 | EEO | EGS DJ Emg Mkts Energy Titans | 10 | 1,843 | $86,692 |
| 96 | AGA | PowerShares DB Agriculture Dbl Short ETN | 24 | 1,978 | $88,369 |
| 97 | OTR | Claymore/Ocean Tomo Growth | 36 | 3,591 | $88,458 |
| 98 | PQBW | PowerShares Nasdaq 100 Buy/Write | 22 | 4,030 | $89,034 |
| 99 | PKW | PowerShares Buyback Achievers | 40 | 4,226 | $91,884 |
| 100 | PWO | PowerShares Dynamic OTC | 84 | 2,148 | $92,610 |
| 101 | IFAS | iShares FTSE EPRA/NAREIT Asia | 29 | 3,278 | $94,301 |
| 102 | URR | Market Vectors Double Long Euro ETN | 23 | 3,158 | $94,596 |
| 103 | LVL | Claymore/BBD High Income | 34 | 6,426 | $94,869 |
| 104 | IPN | SPDR S&P; International Industrial | 20 | 3,869 | $95,144 |
| 105 | JJE | iPath DJ-UBS Energy ETN | 30 | 4,004 | $97,298 |
| 106 | IST | SPDR S&P; International Telecom | 20 | 4,239 | $97,749 |
| 107 | PTE | PowerShares Dynamic Telecom & Wireless | 53 | 6,804 | $97,774 |
| 108 | TDV | TDX Independence 2040 | 30 | 5,287 | $98,437 |
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.