ETF Deathwatch for November

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 |  Includes: BVL, GWO, JJT, MZO, OTP, PGD, PTD, TZO
by: Ron Rowland

The number of funds on ETF Deathwatch edged up to 113 this month from 111 in October. The count consists of 78 ETFs and 35 ETNs that failed to generate at least $100,000 in average daily value traded (ADVT) for the past month.

E-TRACS CMCI Short Platinum Excess Return (NYSEARCA:PTD) heads the list again this month. I haven’t checked, but my guess is that PTD holds the record for number of times at the top of the list. PTD saw action on only three days in September and did the same in October, with the other 19 days being zero volume days. However, it did manage to boost trading by 100 shares over September, making for 600 total shares traded last month. Although PTD hasn’t traded in a few days, there are shares available for purchase at $34.02 this morning. If you want to sell, the bid is only $33.62.

I’m not sure what the grand plan is for E-TRACS, but surely someone on the inside must be questioning its ongoing viability in this business. However, that voice was not heard last week when UBS launched yet another ETN, even though 90% of the E-TRACS product line was already on deathwatch.

To make things worse for these struggling ETFs, ETNs, and sponsors, Schwab has now upped the ante for anyone wanting to compete in this arena. The directors for the 113 products listed below need to demand answers. At what point do they pull the plug and end the suffering?

ETF Deathwatch - November 2009

Rank Ticker Name Age (mths) Avg Daily Volume Avg Daily Value Traded
1 PTD E-TRACS CMCI Short Platinum Exc Ret ETN 18 18 $614
2 BVL Elements Ben Graham Large Cap Value ETN 15 68 $633
3 RHO Rydex Inverse 2x S&P Health Care 17 73 $2,933
4 MZO Claymore/Mrngstr Services SuperSector 27 200 $3,481
5 TZD iShares S&P Target Date 2010 Index Fund 12 145 $4,187
6 JJT iPath DJ-UBS Tin ETN 16 123 $4,300
7 PGD Barclays Asian&Gulf Currency Reval. ETN 17 91 $4,557
8 RTW Rydex Inverse 2x S&P Technology 17 223 $4,900
9 GWO Elements CS Global Warming ETN 19 773 $5,397
10 OTP Claymore/Ocean Tomo Patent 35 259 $5,590
11 MZN Claymore/Mrngstr Inform. SuperSector 27 300 $6,171
12 UBC E-TRACS CMCI Livestock Total Return ETN 19 473 $8,292
13 TZO iShares S&P Target Date 2035 Index Fund 12 395 $11,601
14 FUE Elements MLCX Biofuels ETN 21 1,523 $11,925
15 IIH HOLDRS Internet Infrastructure 118 5,005 $12,171
16 TZE iShares S&P Target Date 2015 Index Fund 12 445 $12,974
17 PBTQ PowerShares Global Biotech Portfolio 14 582 $13,442
18 AYT Barclays GEMS Asia 8 ETN 14 291 $13,481
19 IPS SPDR S&P International Consumer Staples 15 523 $13,931
20 JFT First Trust Enhanced 130/30 Large Cap ETN 18 518 $14,303
21 PNXQ PowerShares Nasdaq Next Q 19 709 $15,505
22 JEM Barclays GEMS Currency Index ETN 21 345 $15,668
23 EEH Elements Spec LgCap US Sector Mo ETN 27 2,055 $16,512
24 AGF PowerShares DB Agriculture Long ETN 19 1,068 $17,575
25 BHH HOLDRS B2B Internet ETF 118 43,723 $18,286
26 CZA Claymore/Zacks Mid-Cap Core ETF 31 939 $20,350
27 UBD Claymore U.S. Capital Markets Bond ETF 21 427 $20,406
28 DOD Elements Dogs of the Dow Total Return ETN 24 3,041 $20,480
29 ADZ PowerShares DB Agriculture Short ETN 19 636 $20,541
30 UBN E-TRACS CMCI Energy Total Return ETN 19 1,350 $20,573
31 BOS PowerShares DB Base Metals Sht ETN 17 859 $22,261
32 PMA PowerShares Active Mega-Cap Portfolio 19 1,073 $22,856
33 UEM Claymore U.S.-1-The Capital Markets 21 555 $22,901
34 UBG E-TRACS CMCI Gold Total Return ETN 19 805 $23,126
35 IRY SPDR S&P International Health Care 15 814 $23,181
36 BVT Elements Ben Graham Total Mkt Value ETN 15 2,409 $23,642
37 PLK PowerShares Active Low Duration 19 982 $24,930
38 TZI iShares S&P Target Date 2025 Index Fund 12 882 $25,857
39 PAO PowerShares Auto Balanced Growth NFA 18 2,350 $26,399
40 FUD E-TRACS CMCI Food Total Return ETN 19 1,336 $27,023
41 TGR iShares S&P Target Date Retirement Inc. 12 995 $27,530
42 INR Market Vectors Indian Rupee/USD ETN 20 741 $28,414
43 GCE Claymore CEF Index GS Connect ETN 23 1,814 $28,688
44 PQZ PowerShares Active Alpha Multi-Cap 19 1,827 $29,473
45 RHM Rydex 2x S&P Health Care 17 518 $29,837
46 IPU SPDR S&P International Utilities 15 1,382 $30,403
47 PTO PowerShares Auto Growth NFA 18 2,873 $30,850
48 TZL iShares S&P Target Date 2030 Index Fund 12 1,059 $31,386
49 FVI First Trust Value Line Equity Allocation 35 2,023 $31,799
50 BDG PowerShares DB Base Metals Lng ETN 17 1,550 $31,976
51 BSC Elements Ben Graham Small Cap Value ETN 15 3,336 $34,164
52 MZG Claymore/Mrngstr Manufact. SuperSector 27 1,682 $34,798
53 PQY PowerShares Active AlphaQ 19 1,750 $36,405
54 IPD SPDR S&P International Consumer Discr 15 1,500 $36,674
55 XRU CurrencyShares Russian Ruble Shares 12 1,127 $38,610
56 JPP SPDR Russell/Nomura PRIME Japan 36 1,073 $39,682
57 BOM PowerShares DB Base Metals Dbl Sh ETN 17 1,777 $39,848
58 OTR Claymore/Ocean Tomo Growth 31 1,841 $41,455
59 GRN iPath Global Carbon ETN 16 1,600 $42,426
60 CRO Claymore/Zacks Country Rotation 28 2,686 $44,493
61 TZG iShares S&P Target Date 2020 Index Fund 12 1,527 $44,780
62 DEF Claymore/Sabrient Defender 35 2,395 $48,233
63 TZV iShares S&P Target Date 2040 Index Fund 12 1,636 $48,623
64 UBM E-TRACS CMCI Industrial Metals TR ETN 19 2,736 $49,778
65 DPC WisdomTree Intl Consumer Cyclical 37 2,732 $51,788
66 PQBW PowerShares Nasdaq 100 Buy/Write 17 2,395 $52,487
67 AGA PowerShares DB Agriculture Dbl Short ETN 19 1,359 $54,566
68 RYU Rydex S&P Equal Weight Utilities 36 1,277 $55,658
69 UCI E-TRACS CMCI Total Return ETN 19 3,032 $56,363
70 JJU iPath DJ-UBS Aluminum ETN 16 2,086 $56,502
71 USV E-TRACS CMCI Silver Total Return ETN 19 2,377 $59,351
72 UAG E-TRACS CMCI Agriculture TR ETN 19 2,886 $59,420
73 URR Market Vectors Double Long Euro ETN 18 1,661 $59,945
74 EEN Claymore/BNY Mellon EW Euro-Pacific LDRs 33 3,386 $61,073
75 FAD First Trust Multi Cap Growth AlphaDEX 30 2,736 $61,672
76 PQSC PowerShares FTSE Nasdaq Small Cap 19 2,932 $61,713
77 RHS Rydex S&P Equal Weight Cons Staples 36 1,268 $61,947
78 BWV iPath CBOE S&P 500 BuyWrite Index ETN 30 1,459 $62,234
79 TDX TDX Independence In-Target 25 2,567 $64,453
80 KME SPDR KBW Mortgage Finance ETF 6 1,564 $64,468
81 PFI PowerShares Dynamic Financials 37 3,982 $68,401
82 JYF WisdomTree Dreyfus Japan Yen 18 2,368 $68,754
83 EKH HOLDRS Europe 2001 107 1,132 $69,241
84 FDD First Trust DJ STOXX European Select Dividend 26 4,950 $70,120
85 EXB Claymore/Beacon Gbl Exch, Brkrs, & Asst Mgrs 29 4,973 $70,304
86 ADRU BLDRS Europe 100 ADR 85 3,300 $70,429
87 IRO Claymore/Zacks Dividend Rotation 25 3,986 $70,871
88 ERO iPath EUR/USD Exchange Rate ETN 30 1,227 $71,000
89 MBG SPDR Barclays Mortgage Backed Bond ETF 9 2,736 $73,340
90 IFNA iShares FTSE NAREIT North America 24 2,464 $73,445
91 WMH HOLDRS Wireless 110 1,664 $75,174
92 STH Claymore/Sabrient Stealth 38 4,968 $75,696
93 TLL ProShares UltraShort Telecom 19 4,170 $76,766
94 PZJ PowerShares Zacks Small Cap 45 4,623 $77,923
95 FPX First Trust US IPO Index Fund 43 4,186 $80,216
96 XGC Claymore/BNY Mellon Intl Small Cap LDRs 31 4,423 $81,761
97 TDD TDX Independence 2010 25 3,532 $82,302
98 INY SPDR Barclays New York Muni Bond 25 3,709 $83,693
99 SJL ProShares UltraShort Russell Midcap Value 33 2,691 $86,095
100 FTC First Trust Large Cap Growth Op AlphaDEX 30 4,009 $87,014
101 PCA PowerShares Auto Balanced NFA 18 7,468 $88,154
102 RMS Rydex Inverse 2x S&P MidCap 400 24 2,505 $88,648
103 JJP iPath DJ-UBS Precious Metals ETN 16 1,595 $90,303
104 TDN TDX Independence 2030 25 4,907 $91,220
105 RTL iShares FTSE NAREIT Retail Capped 30 4,714 $92,490
106 EMV SPDR Dow Jones Mid Cap Value 48 2,182 $93,529
107 DDP PowerShares DB Commodity Short ETN 18 2,314 $93,862
108 IPF SPDR S&P International Financial 16 4,414 $94,821
109 PYH PowerShares Value Line Industry Rotation 36 5,450 $95,549
110 PJO PowerShares FTSE RAFI Japan 29 2,632 $96,106
111 TDH TDX Independence 2020 25 4,624 $96,839
112 ROB Claymore/Robb Report Global Luxury 27 5,673 $97,775
113 MKH HOLDRS Merrill Lynch Market 2000+ 112 2,082 $98,247
Click to enlarge

Note: New ETFs and ETNs are given a six-month grace period before becoming eligible for inclusion on this list. As of 10/31/2009, there were 60 products granted that exclusion.

Disclosure compliant with FTC 16 CFR Part 255 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.