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The number of exchange-traded products (ETPs) on ETF Deathwatch fell this month, and is again below 100. For May, the quantity is 99 (68 ETFs and 31 ETNs), down from the 108 in April.

A dozen new funds launched last October, and now that they are at least six months old they have lost their Deathwatch immunity. Five of these generated enough investor attention to avoid the list, but seven did not. Joining ETF Deathwatch for the first time are Grail RP Growth ETF (NYSEARCA:RPX), Grail RP Technology ETF (RPQ), Grail RP Financials ETF (RFF), Jefferies | TR/J CRB Global Agriculture Equity Index Fund (NASDAQ:CRBA), Jefferies | TR/J CRB Global Industrial Metals Equity Index Fund (CRBI), OOK, Inc. (NYSE:OOK), and UBS E-TRACS DJ-UBS Commodity Index Total Return ETN (NYSEARCA:DJCI).

Topping the list this month is Elements Ben Graham Large Cap Value ETN (NYSE:BVL), a name we have seen many times before. BVL traded on only two separate occasions in April – 240 shares on April Fool’s Day and 1,020 on the 19th. The rest of the top 10 consists of the usual suspects along with a couple of the new Grail actively-managed funds.

The closure of 12 ETFs from Rydex later this month will have only a small impact on the Deathwatch total since only three of them are on the list. Below are the 99 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 - May 2010

Rank Ticker Name Age (mths) Avg Daily Volume Avg Daily Value Traded
1 BVL Elements Ben Graham Large Cap Value ETN 21 67 $685
2 PTD E-TRACS CMCI Short Platinum Exc Ret ETN 24 33 $975
3 GBB iPath GBP/USD Exchange Rate ETN 36 33 $1,376
4 RPX Grail RP Growth ETF 7 86 $2,501
5 UBC E-TRACS CMCI Livestock Total Return ETN 25 138 $2,775
6 EEH Elements Spec LgCap US Sector Mo ETN 33 333 $2,934
7 JVS Javelin DJ Islamic Market International 10 62 $3,053
8 GWO Elements CS Global Warming ETN 25 552 $4,138
9 RFF Grail RP Financials ETF 7 186 $5,281
10 BVT Elements Ben Graham Total Mkt Value ETN 21 638 $7,292
11 FUE Elements MLCX Biofuels ETN 27 1,171 $8,750
12 GVT Grail American Beacon Large Cap Value 12 300 $10,146
13 USV E-TRACS CMCI Silver Total Return ETN 25 452 $11,666
14 EXB Claymore/Beacon Gbl Exch, Brkrs, & Asst Mgrs 35 962 $13,274
15 JEM Barclays GEMS Currency Index ETN 27 290 $13,285
16 BOS PowerShares DB Base Metals Sht ETN 23 638 $13,574
17 DOD Elements Dogs of the Dow Total Return ETN 30 2,076 $15,510
18 RPQ Grail RP Technology ETF 7 524 $15,798
19 UBN E-TRACS CMCI Energy Total Return ETN 25 1,019 $15,875
20 TZD iShares S&P Target Date 2010 Index Fund 18 533 $15,923
21 STH Claymore/Sabrient Stealth 44 1,010 $17,014
22 JPX ProShares UltraShort MSCI Pacific ex-Japan 11 1,148 $18,916
23 JYN iPath JPY/USD Exchange Rate ETN 36 305 $19,299
24 TENZ PIMCO 7-15 Year U.S. Treasury Index Fund 8 267 $19,823
25 RTW Rydex Inverse 2x S&P Technology 23 1,249 $20,399
26 JJS iPath DJ-UBS Softs ETN 23 490 $21,402
27 BHH HOLDRS B2B Internet ETF 124 40,250 $21,577
28 UBM E-TRACS CMCI Industrial Metals TR ETN 25 1,133 $25,491
29 XGC Claymore/BNY Mellon Intl Small Cap LDRs 37 1,222 $26,093
30 UBG E-TRACS CMCI Gold Total Return ETN 25 886 $27,701
31 IFEU iShares FTSE EPRA/NAREIT Europe 30 976 $27,876
32 URR Market Vectors Double Long Euro ETN 24 952 $28,021
33 UAG E-TRACS CMCI Agriculture TR ETN 25 1,486 $28,930
34 PBTQ PowerShares Global Biotech Portfolio 20 1,248 $31,445
35 ADZ PowerShares DB Agriculture Short ETN 25 876 $31,898
36 FUD E-TRACS CMCI Food Total Return ETN 25 1,643 $32,183
37 TZO iShares S&P Target Date 2035 Index Fund 18 1,029 $32,793
38 TWQ ProShares UltraShort Russell3000 10 1,600 $32,825
39 FDD First Trust DJ STOXX European Select Div 32 2,462 $33,062
40 TZL iShares S&P Target Date 2030 Index Fund 18 1,081 $34,468
41 PQSC PowerShares FTSE Nasdaq Small Cap 25 1,357 $34,620
42 BDG PowerShares DB Base Metals Lng ETN 23 1,533 $36,422
43 TZI iShares S&P Target Date 2025 Index Fund 18 1,171 $36,804
44 TZG iShares S&P Target Date 2020 Index Fund 18 1,219 $38,068
45 TLL ProShares UltraShort Telecom 25 2,880 $38,097
46 GRN iPath Global Carbon ETN 23 1,514 $39,875
47 EKH HOLDRS Europe 2001 113 633 $40,265
48 TDD TDX Independence 2010 31 1,729 $40,517
49 EEN Claymore/BNY Mellon EW Euro-Pacific LDRs 39 2,310 $44,475
50 PNXQ PowerShares Nasdaq Next Q 25 1,657 $46,195
51 TZV iShares S&P Target Date 2040 Index Fund 18 1,443 $46,377
52 JFT First Trust Enhanced 130/30 Large Cap ETN 24 1,512 $48,018
53 PIQ PowerShares Dynamic Magniquant 43 2,167 $48,888
54 XRU CurrencyShares Russian Ruble Shares 18 1,433 $48,907
55 RHO Rydex Inverse 2x S&P Health Care 23 1,569 $49,413
56 PTRP PowerShares Glb Progressive Transport. 20 1,743 $49,636
57 PQZ PowerShares Active Alpha Multi-Cap 25 2,686 $49,656
58 IRY SPDR S&P International Health Care 21 1,705 $49,858
59 OOK OOK, Inc. 6 1,510 $51,542
60 TDX TDX Independence In-Target 31 2,100 $53,174
61 TGR iShares S&P Target Date Retirement Inc. 18 1,876 $53,929
62 IPU SPDR S&P International Utilities 21 2,519 $54,380
63 FVI First Trust Value Line Equity Allocation 41 3,010 $57,328
64 PZJ PowerShares Zacks Small Cap 51 2,833 $57,597
65 PMA PowerShares Active Mega-Cap Portfolio 25 2,476 $59,305
66 DEF Claymore/Sabrient Defender 41 2,781 $61,519
67 ULQ Claymore U.S. Cap Mkts Micro-Trm Fxd Inc 27 1,285 $63,991
68 DDP PowerShares DB Commodity Short ETN 24 1,710 $64,969
69 JYF WisdomTree Dreyfus Japan Yen 24 2,329 $65,214
70 FPX First Trust US IPO Index Fund 49 3,005 $65,318
71 TDV TDX Independence 2040 31 3,513 $67,601
72 CRBA Jefferies|TR/J CRB Global Agriculture Equity 6 1,619 $68,557
73 RWV RevenueShares Navellier Overall A-100 15 2,057 $68,638
74 VRD SPDR Nuveen S&P VRDO Municipal Bond ETF 7 2,290 $68,720
75 PQBW PowerShares Nasdaq 100 Buy/Write 23 3,090 $68,877
76 OTR Claymore/Ocean Tomo Growth 37 2,714 $69,780
77 DPU PowerShares DB Commodity Long ETN 24 4,376 $70,912
78 CRBI Jefferies|TR/J CRB Global Ind Metals Equity 6 1,624 $71,753
79 AGF PowerShares DB Agriculture Long ETN 25 4,895 $72,463
80 PIC PowerShares Dynamic Insurance 55 4,800 $75,299
81 TZE iShares S&P Target Date 2015 Index Fund 18 2,524 $76,981
82 OTP Claymore/Ocean Tomo Patent 41 3,248 $79,357
83 RHM Rydex 2x S&P Health Care 23 1,167 $80,024
84 DJCI UBS E-TRACS DJ-UBS Commodity TR ETN 6 3,138 $80,178
85 CZA Claymore/Zacks Mid-Cap Core ETF 37 3,124 $80,477
86 RHS Rydex S&P Equal Weight Cons Staples 42 1,510 $82,298
87 INY SPDR Nuveen Barclays New York Muni Bond 31 3,743 $84,165
88 PTE PowerShares Dynamic Telecom & Wireless 54 5,714 $84,777
89 JJP iPath DJ-UBS Precious Metals ETN 23 1,414 $85,383
90 LD iPath DJ-UBS Lead ETN 23 1,481 $86,794
91 IWL iShares Russell Top 200 Index Fund 7 3,171 $88,362
92 PKW PowerShares Buyback Achievers 41 4,010 $90,487
93 PYH PowerShares Value Line Industry Rotation 42 4,414 $90,794
94 ADRU BLDRS Europe 100 ADR 91 4,505 $94,097
95 IFAS iShares FTSE EPRA/NAREIT Asia 30 3,219 $94,180
96 LVL Claymore/BBD High Income 35 6,419 $95,506
97 BWV iPath CBOE S&P 500 BuyWrite Index ETN 36 2,076 $95,854
98 PMNA PowerShares MENA Frontier Countries 22 6,852 $96,138
99 CRO Claymore/Zacks Country Rotation 34 5,938 $97,337

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 for May 2010: 99 Names and Counting