The number of exchange-traded products (ETPs) on ETF Deathwatch declined to 139 (108 ETFs and 31 ETNs), the lowest level in six months. Last month’s quantity of 154 was the highest in 18 months, and the average has been 124 the past 12 months.
Direxion Daily 2-Year Treasury Bull 3x Shares (TWOL) and Direxion Daily 2-Year Treasury Bear 3x Shares (TWOZ) had their last day of trading on November 30. This marks the first time Direxion has closed any ETFs. The two funds, launched in February of this year, survived just over nine months. This is a relatively short time, as the average lifespan is 18.3 months for the 163 ETPs delisted from US markets.
PowerShares previously announced the closure of 10 ETFs with the last day of trading scheduled for December 14. There are no other announced closures for 2010 so the year-end count may end up being only 49, the lowest since 2007.
FaithShares Lutheran Values Fund (FKL) tops our list this month, trading an average of just 14 shares ($396) a day in November. I’m having some trouble verifying the monthly total of 300 shares, as one of my other sources is showing zero volume for the month. 300 shares is within the rounding error for most securities, but in the case of FKL it represents everything.
The other ETPs in our top five this month should all be familiar names to regular readers: ELEMENTS Spectrum Large Cap US Sector Momentum ETN (EEH), ELEMENTS Ben Graham Total Market Value ETN (BVT), FaithShares Methodist Values Fund (FMV), and Grail McDonnell Core Taxable Bond ETF (GMTB).
Listed below are the 139 products on ETF Deathwatch for November because they are at least six months old and failed to generate at least $100,000 in average daily dollar volume last month.
ETF DEATHWATCH FOR DECEMBER 2010
| Death watch Rank | Ticker Sym | ETF Name | Age (mths) | Avg Daily Volume | Avg Daily $ Volume |
|---|---|---|---|---|---|
| 1 | FKL | FaithShares Lutheran Values Fund | 12 | 14 | $396 |
| 2 | EEH | ELEMENTS Spctrm LgCap US Sector Mo ETN | 41 | 62 | $558 |
| 3 | BVT | ELEMENTS Ben Graham Total Mkt Value ETN | 28 | 76 | $882 |
| 4 | FMV | FaithShares Methodist Values Fund | 12 | 62 | $1,774 |
| 5 | GMTB | Grail McDonnell Core Taxable Bond ETF | 10 | 52 | $2,711 |
| 6 | FZB | FaithShares Baptist Values Fund | 12 | 100 | $2,743 |
| 7 | PTD | UBS E-TRACS CMCI Short Platinum ER ETN | 31 | 114 | $3,455 |
| 8 | KME | SPDR KBW Mortgage Finance ETF | 19 | 114 | $4,486 |
| 9 | UBN | UBS E-TRACS CMCI Energy TR ETN | 32 | 390 | $5,492 |
| 10 | GVT | Grail American Beacon Large Cap Value | 19 | 171 | $5,791 |
| 11 | RPX | Grail RP Growth ETF | 14 | 276 | $8,243 |
| 12 | UBC | UBS E-TRACS CMCI Livestock TR ETN | 32 | 438 | $8,948 |
| 13 | GMMB | Grail McDonnell Intermediate Municipal Bnd | 10 | 190 | $9,618 |
| 14 | TWQ | ProShares UltraShort Russell3000 | 17 | 548 | $10,062 |
| 15 | GWO | ELEMENTS CS Global Warming ETN | 32 | 1,481 | $10,630 |
| 16 | PQZ | PowerShares Active Alpha Multi-Cap | 32 | 590 | $10,712 |
| 17 | PGD | Barclays Asian&Gulf; Currency Reval. ETN | 30 | 224 | $11,328 |
| 18 | PMA | PowerShares Active Mega-Cap Portfolio | 32 | 524 | $12,659 |
| 19 | TZD | iShares S&P; Target Date 2010 Index Fund | 25 | 448 | $13,880 |
| 20 | SPGH | UBS E-TRACS S&P; 500 Gold Hedged Idx ETN | 10 | 405 | $14,336 |
| 21 | OTR | Guggenheim Ocean Tomo Growth Index ETF | 45 | 543 | $14,569 |
| 22 | MKH | HOLDRS Merrill Lynch Market 2000+ | 125 | 300 | $14,593 |
| 23 | BSC | ELEMENTS Ben Graham Small Cap Value ETN | 28 | 1,181 | $14,639 |
| 24 | AXFN | iShares MSCI ACWI ex US Financials | 10 | 629 | $15,769 |
| 25 | BVL | ELEMENTS Ben Graham Large Cap Value ETN | 28 | 1,552 | $17,000 |
| 26 | WXSP | Wilshire 4500 Completion ETF (Guggenheim) | 9 | 667 | $18,560 |
| 27 | GRN | iPath Global Carbon ETN | 30 | 705 | $18,655 |
| 28 | PQSC | PowerShares FTSE Nasdaq Small Cap | 32 | 733 | $18,773 |
| 29 | IWL | iShares Russell Top 200 Index Fund | 14 | 702 | $19,303 |
| 30 | FEFN | iShares MSCI Far East Financials Sector | 10 | 776 | $19,955 |
| 31 | DPU | PowerShares DB Commodity Long ETN | 32 | 1,186 | $20,085 |
| 32 | EKH | HOLDRS Europe 2001 | 120 | 333 | $20,181 |
| 33 | DDP | PowerShares DB Commodity Short ETN | 32 | 576 | $20,419 |
| 34 | PBTQ | PowerShares Global Biotech Portfolio | 27 | 829 | $20,776 |
| 35 | DOD | ELEMENTS Dogs of the Dow Total Return ETN | 37 | 2,600 | $20,839 |
| 36 | BRIS | Direxion Daily BRIC Bear 2x | 9 | 743 | $21,871 |
| 37 | JYF | WisdomTree Dreyfus Japan Yen | 31 | 690 | $21,966 |
| 38 | RWG | Grail RP Focused Large Cap Growth ETF | 14 | 748 | $22,462 |
| 39 | ULQ | Claymore U.S. Cap Mkts Micro-Trm Fxd Inc | 34 | 462 | $22,995 |
| 40 | PSTL | PowerShares Global Steel Portfolio | 27 | 1,057 | $23,686 |
| 41 | TZO | iShares S&P; Target Date 2035 Index Fund | 25 | 767 | $25,182 |
| 42 | IPU | SPDR S&P; International Utilities | 29 | 1,229 | $25,963 |
| 43 | WMH | HOLDRS Wireless | 123 | 605 | $27,055 |
| 44 | PTRP | PowerShares Global Progressive Transport. | 27 | 924 | $27,245 |
| 45 | TZL | iShares S&P; Target Date 2030 Index Fund | 25 | 838 | $27,558 |
| 46 | PEF | PowerShares FTSE RAFI Europe | 42 | 748 | $27,731 |
| 47 | SJL | ProShares UltraShort Russell Midcap Value | 46 | 1,676 | $28,454 |
| 48 | UBD | Claymore U.S. Capital Markets Bond | 34 | 543 | $29,239 |
| 49 | JFT | KEYnotes FT Enhanced 130/30 Large Cap ETN | 31 | 857 | $29,606 |
| 50 | UBG | UBS E-TRACS CMCI Gold TR ETN | 32 | 819 | $29,969 |
| 51 | UBM | UBS E-TRACS CMCI Industrial Metals TR ETN | 32 | 1,390 | $31,394 |
| 52 | RWV | RevenueShares Navellier Overall A-100 | 23 | 910 | $33,612 |
| 53 | WMW | ELEMENTS Morningstar Wide Moat Focus ETN | 38 | 3,167 | $34,367 |
| 54 | BOS | PowerShares DB Base Metals Short ETN | 30 | 1,762 | $34,972 |
| 55 | URR | Market Vectors Double Long Euro ETN | 31 | 1,155 | $35,169 |
| 56 | GCE | Claymore CEF Index GS Connect ETN | 36 | 2,133 | $36,407 |
| 57 | TDN | TDX Independence 2030 | 39 | 1,818 | $36,544 |
| 58 | UPV | ProShares Ultra MSCI Europe | 7 | 1,148 | $37,154 |
| 59 | IPF | SPDR S&P; International Financial | 29 | 1,886 | $37,764 |
| 60 | FOC | FaithShares Christian Values Fund | 12 | 1,333 | $38,477 |
| 61 | UMX | ProShares Ultra MSCI Mexico Investable Mkt | 7 | 1,048 | $39,004 |
| 62 | TZE | iShares S&P; Target Date 2015 Index Fund | 25 | 1,243 | $39,418 |
| 63 | BIS | ProShares UltraShort Nasdaq Biotechnology | 8 | 719 | $41,366 |
| 64 | FVI | First Trust Value Line Equity Allocation | 49 | 2,129 | $41,791 |
| 65 | EEN | Guggenheim EW Euro-Pacific LDRs ETF | 46 | 2,210 | $42,263 |
| 66 | OTP | Guggenheim Ocean Tomo Patent ETF | 48 | 1,724 | $42,289 |
| 67 | FCV | FaithShares Catholic Values Fund | 12 | 1,514 | $43,204 |
| 68 | TDD | TDX Independence 2010 | 39 | 1,919 | $46,189 |
| 69 | FUE | ELEMENTS MLCX Biofuels ETN | 34 | 4,429 | $47,200 |
| 70 | WFVK | Wilshire 5000 Total Market ETF (Guggenheim) | 9 | 1,795 | $48,012 |
| 71 | EU | WisdomTree Dreyfus Euro | 31 | 2,186 | $48,566 |
| 72 | TZV | iShares S&P; Target Date 2040 Index Fund | 25 | 1,481 | $48,890 |
| 73 | XRU | CurrencyShares Russian Ruble Shares | 25 | 1,557 | $50,510 |
| 74 | JPP | SPDR Russell/Nomura PRIME Japan | 49 | 1,290 | $50,522 |
| 75 | SBM | ProShares Short Basic Materials | 9 | 1,195 | $50,569 |
| 76 | NASI | Pax MSCI North America ESG Index | 7 | 1,952 | $52,301 |
| 77 | UWC | ProShares Ultra Russell3000 | 17 | 776 | $53,285 |
| 78 | PQBW | PowerShares Nasdaq 100 Buy/Write | 30 | 2,414 | $54,160 |
| 79 | BIB | ProShares Ultra Nasdaq Biotechnology | 8 | 1,014 | $54,176 |
| 80 | PJO | PowerShares FTSE RAFI Japan | 42 | 1,438 | $54,208 |
| 81 | IFEU | iShares FTSE EPRA/NAREIT Europe | 37 | 1,786 | $54,438 |
| 82 | ADRU | BLDRS Europe 100 ADR | 98 | 2,633 | $54,824 |
| 83 | ROI | WisdomTree LargeCap Growth | 24 | 1,552 | $55,136 |
| 84 | TGR | iShares S&P; Target Date Retirement Inc. | 25 | 1,890 | $55,563 |
| 85 | TDH | TDX Independence 2020 | 39 | 2,474 | $55,572 |
| 86 | TLL | ProShares UltraShort Telecom | 33 | 5,653 | $56,934 |
| 87 | ERO | iPath EUR/USD Exchange Rate ETN | 43 | 1,095 | $57,059 |
| 88 | SJF | ProShares UltraShort Russell 1000 Value | 46 | 1,467 | $57,407 |
| 89 | PIC | PowerShares Dynamic Insurance | 62 | 3,619 | $58,010 |
| 90 | CRBI | Jefferies|TR/J CRB Global Ind Metals Equity | 13 | 1,318 | $59,129 |
| 91 | TZG | iShares S&P; Target Date 2020 Index Fund | 25 | 1,838 | $59,385 |
| 92 | IRY | SPDR S&P; International Health Care | 29 | 1,995 | $59,744 |
| 93 | PJM | PowerShares Dynamic Small Cap | 49 | 2,876 | $60,367 |
| 94 | TZI | iShares S&P; Target Date 2025 Index Fund | 25 | 1,852 | $60,683 |
| 95 | ADZ | PowerShares DB Agriculture Short ETN | 32 | 2,338 | $60,848 |
| 96 | TDX | TDX Independence In-Target | 39 | 2,387 | $61,658 |
| 97 | PNXQ | PowerShares Nasdaq Next Q | 32 | 2,119 | $63,524 |
| 98 | PIQ | PowerShares Dynamic Magniquant | 50 | 2,838 | $65,859 |
| 99 | PTO | PowerShares Ibbotson Alternative Completion | 31 | 5,924 | $69,155 |
| 100 | TWON | IQ Taiwan Small Cap | 7 | 2,486 | $69,569 |
| 101 | BHH | HOLDRS B2B Internet ETF | 131 | 94,657 | $69,671 |
| 102 | JJE | iPath DJ-UBS Energy ETN | 38 | 3,210 | $69,770 |
| 103 | JEM | Barclays GEMS Currency Index ETN | 34 | 1,552 | $71,063 |
| 104 | SDK | ProShares UltraShort Russell Midcap Growth | 46 | 4,329 | $71,277 |
| 105 | CHIE | Global X China Energy ETF | 12 | 4,407 | $71,293 |
| 106 | IPW | SPDR S&P; International Energy | 29 | 2,881 | $75,027 |
| 107 | EIRL | iShares MSCI Ireland Cap. Investable Mkt | 7 | 3,810 | $76,232 |
| 108 | MUAE | iShares 2016 S&P; AMT-Free Muni Series | 11 | 1,486 | $76,509 |
| 109 | CMD | ProShares UltraShort DJ-UBS Commodity | 25 | 6,381 | $76,550 |
| 110 | BDG | PowerShares DB Base Metals Long ETN | 30 | 3,148 | $76,639 |
| 111 | CSD | Guggenheim Spin-Off ETF | 48 | 3,500 | $76,841 |
| 112 | TDV | TDX Independence 2040 | 39 | 3,979 | $77,113 |
| 113 | USV | UBS E-TRACS CMCI Silver TR ETN | 32 | 2,062 | $78,459 |
| 114 | XLVS | PowerShares S&P; SmallCap Health Care | 8 | 3,062 | $79,196 |
| 115 | SDP | ProShares UltraShort Utilities | 47 | 4,667 | $79,238 |
| 116 | PTE | PowerShares Dynamic Telecom & Wireless | 61 | 5,076 | $79,536 |
| 117 | PZJ | PowerShares Zacks Small Cap | 58 | 3,852 | $80,449 |
| 118 | JYN | iPath JPY/USD Exchange Rate ETN | 43 | 1,148 | $81,964 |
| 119 | SFK | ProShares UltraShort Russell 1000 Growth | 46 | 3,248 | $83,647 |
| 120 | EEO | EGS DJ Emerging Markets Energy Titans | 19 | 3,167 | $83,830 |
| 121 | FIO | iShares FTSE NAREIT Industrial/Office Cpd | 43 | 3,243 | $84,392 |
| 122 | TOK | iShares MSCI Kokusai Index Fund | 36 | 2,171 | $84,731 |
| 123 | MUAA | iShares 2012 S&P; AMT-Free Muni Series | 11 | 1,681 | $85,226 |
| 124 | RWW | RevenueShares Financials Sector Fund | 25 | 2,967 | $85,671 |
| 125 | UVU | ProShares Ultra Russell Midcap Value | 46 | 2,669 | $85,889 |
| 126 | JCO | JETS Contrarian Opportunities | 8 | 2,271 | $85,976 |
| 127 | WREI | Wilshire US REIT ETF (Guggenheim) | 9 | 2,910 | $87,123 |
| 128 | LD | iPath DJ-UBS Lead ETN | 30 | 1,467 | $88,398 |
| 129 | SMK | ProShares UltraShort MSCI Mexico | 18 | 5,924 | $90,067 |
| 130 | UXJ | ProShares Ultra MSCI Pacific Ex-Japan | 7 | 2,571 | $91,915 |
| 131 | FEU | SPDR STOXX Europe 50 ETF | 99 | 2,729 | $93,660 |
| 132 | PLK | PowerShares Active Low Duration | 32 | 3,714 | $94,629 |
| 133 | IPK | SPDR S&P; International Technology | 29 | 3,687 | $94,638 |
| 134 | EMMT | iShares MSCI Emerging Markets Materials | 10 | 3,505 | $94,712 |
| 135 | CSLS | Credit Suisse Long/Short Liquid Index ETN | 9 | 4,395 | $94,789 |
| 136 | PWO | PowerShares Dynamic OTC | 92 | 2,057 | $96,966 |
| 137 | PYH | PowerShares Morningstar StockInvestor Core | 49 | 5,076 | $97,132 |
| 138 | EZY | WisdomTree Large Cap Value | 46 | 2,600 | $97,306 |
| 139 | PWP | PowerShares Dynamic Mid Cap Value | 70 | 6,443 | $98,209 |
Past issues of ETF Deathwatch are available here.