Seeking Alpha
Registered investment advisor, ETF investing, long-term horizon
Profile| Send Message|
( followers)  

The number of exchange traded products on ETF Deathwatch dropped below 100 for the first time since November 2008. Whether this drop is permanent or temporary remains to be seen. I believe it to be a temporary event caused by a slowdown in new product introductions a year ago. Some 70 new funds introduced in the past six months are currently enjoying the six-month grace period which gives them a chance to develop some traction. Many of these could be added to the list as their grace periods expire.

This month’s list contains 69 ETFs and 30 ETNs for a total of 99. The $100,000 threshold in average daily trading activity is a relatively small amount and it doesn’t take much to push a product above or below the cutoff. Those escaping the list this time could very well be back next month.

WisdomTree recently announced plans to close 10 funds in March. Most of the affected products are regular members of ETF Deathwatch, but they somehow managed to escape the current list. WisdomTree was the first firm to announce closings in 2010, but I predict they won’t be the only one.

Elements Ben Graham Large Cap Value ETN (NYSE:BVL) heads the ETF Deathwatch list again this month, trading on only five days in January. BVL is joined by seven other Elements brand ETNs, and a large percentage of the products from E-TRACS.

Listed below are the 99 products that failed to generate at least $100,000 in average daily value traded (ADVT) during the past month.

ETF Deathwatch - February 2010

Rank Ticker Name Age (mths) Avg Daily Volume Avg Daily Value Traded
1 BVL Elements Ben Graham Large Cap Value ETN 18 226 $2,198
2 UBC E-TRACS CMCI Livestock Total Return ETN 22 147 $2,701
3 EEH Elements Spec LgCap US Sector Mo ETN 30 453 $3,790
4 PTD E-TRACS CMCI Short Platinum Exc Ret ETN 21 174 $5,472
5 PGD Barclays Asian&Gulf Currency Reval. ETN 20 111 $5,547
6 GWO Elements CS Global Warming ETN 22 921 $6,878
7 JVS Javelin DJ Islamic Market International 7 142 $6,884
8 PNXQ PowerShares Nasdaq Next Q 22 316 $7,618
9 PQSC PowerShares FTSE Nasdaq Small Cap 22 353 $7,932
10 UBG E-TRACS CMCI Gold Total Return ETN 22 279 $8,492
11 JFT First Trust Enhanced 130/30 Large Cap ETN 21 353 $9,322
12 UBD Claymore U.S. Capital Markets Bond ETF 24 232 $11,292
13 BHH HOLDRS B2B Internet ETF 121 26,005 $11,966
14 MKH HOLDRS Merrill Lynch Market 2000+ 115 268 $13,326
15 AYT Barclays GEMS Asia 8 ETN 17 311 $14,468
16 JPX ProShares UltraShort MSCI Pacific ex-Japan 8 758 $14,750
17 EEN Claymore/BNY Mellon EW Euro-Pacific LDRs 36 932 $17,322
18 BVT Elements Ben Graham Total Mkt Value ETN 18 1,732 $18,244
19 JYF WisdomTree Dreyfus Japan Yen 21 716 $20,563
20 URR Market Vectors Double Long Euro ETN 21 654 $21,380
21 STH Claymore/Sabrient Stealth 41 1,383 $21,410
22 UBN E-TRACS CMCI Energy Total Return ETN 22 1,379 $22,226
23 EXB Claymore/Beacon Global Exch, Brkrs, & Asst Mgrs 32 1,732 $22,635
24 FDD First Trust DJ STOXX European Select Dividend 30 1,874 $26,530
25 ADZ PowerShares DB Agriculture Short ETN 22 858 $27,414
26 JEM Barclays GEMS Currency Index ETN 24 626 $28,174
27 PQY PowerShares Active AlphaQ 22 1,237 $28,212
28 FAD First Trust Multi Cap Growth AlphaDEX 33 1,263 $30,531
29 FUE Elements MLCX Biofuels ETN 24 3,558 $30,672
30 GRN iPath Global Carbon ETN 20 1,295 $31,355
31 CRO Claymore/Zacks Country Rotation 31 2,000 $32,026
32 USV E-TRACS CMCI Silver Total Return ETN 22 1,311 $34,046
33 INR Market Vectors Indian Rupee/USD ETN 23 879 $34,100
34 PBTQ PowerShares Global Biotech Portfolio 17 1,489 $35,811
35 ULQ Claymore U.S. Cap Mkts Micro-Trm Fxd Inc 24 742 $36,995
36 IFEU iShares FTSE EPRA/NAREIT Europe 27 1,279 $37,733
37 DOD Elements Dogs of the Dow Total Return ETN 27 5,595 $39,352
38 TZO iShares S&P Target Date 2035 Index Fund 15 1,316 $39,365
39 PMA PowerShares Active Mega-Cap Portfolio 22 1,732 $39,715
40 GBB iPath GBP/USD Exchange Rate ETN 33 926 $40,319
41 TZD iShares S&P Target Date 2010 Index Fund 15 1,405 $40,589
42 EKH HOLDRS Europe 2001 110 647 $41,362
43 TZL iShares S&P Target Date 2030 Index Fund 15 1,400 $42,375
44 PJO PowerShares FTSE RAFI Japan 32 1,137 $43,382
45 RTW Rydex Inverse 2x S&P Technology 20 2,256 $44,108
46 OTP Claymore/Ocean Tomo Patent 38 1,947 $45,148
47 PTO PowerShares Auto Growth NFA 21 4,200 $46,292
48 TWQ ProShares UltraShort Russell3000 7 1,947 $49,197
49 IIH HOLDRS Internet Infrastructure 121 18,453 $49,436
50 RHS Rydex S&P Equal Weight Cons Staples 39 1,005 $50,183
51 PQZ PowerShares Active Alpha Multi-Cap 22 2,968 $50,603
52 FVI First Trust Value Line Equity Allocation 38 3,053 $53,096
53 PAO PowerShares Auto Balanced Growth NFA 21 4,700 $54,094
54 ERO iPath EUR/USD Exchange Rate ETN 33 1,016 $56,024
55 IPD SPDR S&P International Consumer Discr 19 2,305 $57,834
56 TDX TDX Independence In-Target 28 2,363 $59,221
57 PIC PowerShares Dynamic Insurance 52 4,347 $59,379
58 TZE iShares S&P Target Date 2015 Index Fund 15 2,032 $60,069
59 REC Rydex Inverse 2x S&P Energy 20 12,479 $64,885
60 PYH PowerShares Value Line Industry Rotation 39 3,574 $65,993
61 IRY SPDR S&P International Health Care 19 2,205 $66,340
62 RWV RevenueShares Navellier Overall A-100 12 2,142 $66,783
63 PWO PowerShares Dynamic OTC 82 1,732 $69,069
64 AGF PowerShares DB Agriculture Long ETN 22 3,947 $69,268
65 XRU CurrencyShares Russian Ruble Shares 15 2,116 $70,586
66 ADRU BLDRS Europe 100 ADR 88 3,379 $71,162
67 TZI iShares S&P Target Date 2025 Index Fund 15 2,363 $71,361
68 IPU SPDR S&P International Utilities 19 3,147 $71,553
69 OTR Claymore/Ocean Tomo Growth 35 2,989 $71,654
70 TZG iShares S&P Target Date 2020 Index Fund 15 2,489 $74,893
71 JPP SPDR Russell/Nomura PRIME Japan 39 1,963 $75,767
72 BSC Elements Ben Graham Small Cap Value ETN 18 6,953 $75,905
73 AGA PowerShares DB Agriculture Dbl Short ETN 22 1,963 $76,019
74 GXG Global X/InterBolsa FTSE Colombia 20 ETF 12 2,616 $77,137
75 MES Market Vectors Gulf States 19 4,105 $78,640
76 RTL iShares FTSE NAREIT Retail Capped 33 3,789 $79,217
77 SJL ProShares UltraShort Russell Midcap Value 36 3,068 $80,678
78 UBM E-TRACS CMCI Industrial Metals TR ETN 22 3,821 $81,696
79 BWV iPath CBOE S&P 500 BuyWrite Index ETN 33 1,826 $81,767
80 PZJ PowerShares Zacks Small Cap 48 4,647 $82,284
81 WMW Elements Mrngstr Wide Moat Focus ETN 28 7,626 $82,602
82 PCA PowerShares Auto Balanced NFA 21 6,942 $83,096
83 WMH HOLDRS Wireless 113 1,837 $84,525
84 TZV iShares S&P Target Date 2040 Index Fund 15 2,847 $86,190
85 IPF SPDR S&P International Financial 19 4,242 $86,197
86 DPU PowerShares DB Commodity Long ETN 21 5,621 $87,197
87 DEF Claymore/Sabrient Defender 38 4,279 $89,157
88 PLK PowerShares Active Low Duration 22 3,532 $89,484
89 DPN WisdomTree Intl Consumer Staples 40 3,579 $90,060
90 MBG SPDR Barclays Mortgage Backed Bond ETF 12 3,432 $90,816
91 UWC ProShares Ultra Russell3000 7 1,537 $92,608
92 XRO Claymore/Zacks Sector Rotation 41 4,604 $95,113
93 IRO Claymore/Zacks Dividend Rotation 28 5,137 $95,796
94 QABA First Trust NASDAQ ABA Community Bank 7 4,168 $96,937
95 GVT Grail American Beacon Large Cap Value 9 3,158 $97,059
96 BDG PowerShares DB Base Metals Lng ETN 20 4,332 $97,266
97 JJT iPath DJ-UBS Tin ETN 20 2,337 $97,554
98 RGI Rydex S&P Equal Weight Industrials 39 2,224 $97,567
99 IPS SPDR S&P International Consumer Staples 19 3,437 $98,595

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.

Source: ETF Deathwatch, February 2010