Here are the ten ETFs with the largest increase in value traded (VT) for the week ending May 01, 2009. The ranking is based on a simple comparison of the five-day average value traded (closing price times volume) versus the 50-day average.
Swine flu related ETFs had a significant increase in trading this week, but not enough to crack the top 10. iShares MSCI Mexico (EWW) is #32 in our rankings with a 58% increase in VT. One newsworthy ETF, iShares MSCI Taiwan (EWT), made the list with a +12.4% gain for the week and a 104% surge in value traded.
The two most popular ETFs, SPDR S&P 500 (SPY) and PowerShares QQQ (QQQQ), both had 14% declines in value traded. The value traded in SPY has been under its 50-day moving average for the past 20 market days.
|BJK||Market Vectors Gaming ETF||6.5%||269%|
|IGN||iShares S&P N.A. Tech MMedia Networking||3.3%||219%|
|FTY||iShares FTSE NAREIT Real Estate 50||-5.4%||212%|
|DSG||SPDR DJ Wilshire Small Cap Growth||3.2%||181%|
|PJB||PowerShares Dynamic Banking||-3.3%||168%|
|JKL||iShares Morningstar Small Value||2.0%||133%|
|NLR||Market Vectors Nuclear ETF||8.1%||106%|
|EWT||iShares MSCI Taiwan||12.4%||104%|
|RFG||Rydex S&P Midcap 400 Pure Growth||4.3%||118%|
|PXJ||PowerShares Dynamic Oil & Gas Svcs||2.0%||107%|
The output in the table above is filtered so that only ETFs and ETNs with an Average Daily Value Traded (ADVT) of at least $1 million for the past 21 market days are included. This limits the list to 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.
Disclosure: long QQQQ