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The number of exchange-traded products (ETPs) on ETF Deathwatch declined slightly this month to 149 (113 ETFs and 36 ETNs). Six ETFs were delisted and closed during September, while the quantity on Deathwatch only declined by four from last month as other products were quick to fill the void.

The six September closures consisted of four from Claymore (CRO, EXB, [IRO, and [ROB]]) and two from Geary (OOK and TXF). All were previous members of ETF Deathwatch so their closings should not have come as a surprise to regular readers. Geary no longer has any listed products and stated its intent to exit the ETF marketplace.

Much of the former Claymore product line was rebranded with the Guggenheim label in September. However, most of the products not acquiring the new brand find themselves on ETF Deathwatch this month:

  • Claymore CEF Index GS Connect ETN (NYSEARCA:GCE)
  • Claymore U.S. Capital Markets Micro-Term Fixed Income (ULQ)
  • Claymore U.S. Capital Markets Bond (UBD)
  • Wilshire 4500 Completion ETF (NYSEARCA:WXSP)
  • Wilshire 5000 Total Market ETF (NYSEARCA:WFVK)
  • Wilshire Micro-Cap ETF (NYSEARCA:WMCR)

Vanguard seriously stepped up of the level of competition in the ETF arena during September with two significant launches (see Vanguard Declares War in Fight for Broad Market ETF Supremacy and Vanguard Launches Second Assault on iShares). These actions were likely a contributing factor in Old Mutual’s decision last month to exit the space and liquidate its ETFs in October.

Firms with a large percentage of their products on ETF Deathwatch should also consider exiting the business, or figure out how to become profitable. Sponsors with a 100% of their ETFs on this month’s list include FaithShares, Grail, and TDX.

The dubious honor of being on the top of the list this month belongs to iShares MSCI Far East Financials Sector (NASDAQ:FEFN). This ETF almost went the entire month of September without a trade, but then some brave person stepped forward with a 100-share trade on September 29. That was the only trade for FEFN during the month, putting its average daily volume at just five shares. Direxion Daily 2-Year Treasury Bull 3x (TWOL) was not far behind. It too had only one trade during the month, but it was for 200 shares.

For the 17 new products launched in March, this is the first time they are eligible for the list and six of them are included below. There are currently 114 products that have been granted temporary immunity because they are less than six months old.

Listed below are the 149 products on ETF Deathwatch for September that are at least six months old and failed to generate at least $100,000 in average daily dollar volume last month.

ETF Deathwatch October 2010

Death-watch Rank Ticker Sym ETF Name Age (mths) Avg Daily Volume Avg Daily $ Volume
1 FEFN iShares MSCI Far East Financials Sector 8 5 $116
2 TWOL Direxion Daily 2-Year Treasury Bull 3x 7 10 $393
3 UBN UBS E-TRACS CMCI Energy TR ETN 30 43 $586
4 PGD Barclays Asian&Gulf Currency Reval. ETN 28 24 $1,197
5 PTD UBS E-TRACS CMCI Short Platinum ER ETN 29 48 $1,454
6 BVL ELEMENTS Ben Graham Large Cap Value ETN 26 157 $1,622
7 EEH ELEMENTS Spctrm LgCap US Sector Mo ETN 39 319 $2,651
8 FMV FaithShares Methodist Values Fund 10 105 $2,808
9 RPX Grail RP Growth ETF 12 138 $3,906
10 GMMB Grail McDonnell Intermediate Municipal Bnd 8 81 $4,204
11 GWO ELEMENTS CS Global Warming ETN 30 719 $4,298
12 FZB FaithShares Baptist Values Fund 10 167 $4,387
13 FUE ELEMENTS MLCX Biofuels ETN 32 576 $5,213
14 ULQ Claymore U.S. Cap Mkts Micro-Trm Fxd Inc 32 105 $5,214
15 UBC UBS E-TRACS CMCI Livestock TR ETN 30 267 $5,492
16 BVT ELEMENTS Ben Graham Total Mkt Value ETN 26 633 $6,918
17 FKL FaithShares Lutheran Values Fund 10 286 $7,515
18 PMA PowerShares Active Mega-Cap Portfolio 30 348 $7,876
19 BSC ELEMENTS Ben Graham Small Cap Value ETN 26 738 $8,277
20 GMTB Grail McDonnell Core Taxable Bond ETF 8 171 $8,929
21 WFVK Wilshire 5000 Total Market ETF (Guggenheim) 7 367 $9,081
22 DPU PowerShares DB Commodity Long ETN 30 581 $9,145
23 JVS JETS DJ Islamic Market International 15 224 $10,389
24 KME SPDR KBW Mortgage Finance ETF 17 267 $10,736
25 SPGH UBS E-TRACS S&P 500 Gold Hedged Idx ETN 8 357 $11,091
26 UBM UBS E-TRACS CMCI Industrial Metals TR ETN 30 562 $11,953
27 MKH HOLDRS Merrill Lynch Market 2000+ 123 262 $12,216
28 WMH HOLDRS Wireless 121 295 $12,291
29 TWQ ProShares UltraShort Russell3000 15 576 $12,403
30 FOC FaithShares Christian Values Fund 10 519 $13,834
31 BDG PowerShares DB Base Metals Long ETN 28 681 $15,098
32 TZO iShares S&P Target Date 2035 Index Fund 23 495 $15,118
33 DJCI UBS E-TRACS DJ-UBS Commodity TR ETN 11 595 $15,528
34 UAG UBS E-TRACS CMCI Agriculture TR ETN 30 676 $16,242
35 FCV FaithShares Catholic Values Fund 10 619 $16,377
36 EKH HOLDRS Europe 2001 118 281 $16,385
37 TZL iShares S&P Target Date 2030 Index Fund 23 538 $16,510
38 PBTQ PowerShares Global Biotech Portfolio 25 686 $16,825
39 PQZ PowerShares Active Alpha Multi-Cap 30 1,014 $16,927
40 GRN iPath Global Carbon ETN 28 619 $17,469
41 GVT Grail American Beacon Large Cap Value 17 557 $17,694
42 UBG UBS E-TRACS CMCI Gold TR ETN 30 519 $18,029
43 DOD ELEMENTS Dogs of the Dow Total Return ETN 35 2,610 $19,880
44 VRD SPDR Nuveen S&P VRDO Municipal Bond ETF 12 695 $20,811
45 TZD iShares S&P Target Date 2010 Index Fund 23 719 $21,541
46 IPF SPDR S&P International Financial 27 1,110 $21,625
47 XRU CurrencyShares Russian Ruble Shares 23 714 $23,035
48 TZG iShares S&P Target Date 2020 Index Fund 23 767 $23,684
49 UWC ProShares Ultra Russell3000 15 443 $25,039
50 AXFN iShares MSCI ACWI ex US Financials 8 1,081 $25,227
51 JEM Barclays GEMS Currency Index ETN 32 567 $25,634
52 EEN Guggenheim EW Euro-Pacific LDRs ETF 44 1,419 $26,047
53 DDP PowerShares DB Commodity Short ETN 30 700 $26,396
54 WMW ELEMENTS Morningstar Wide Moat Focus ETN 36 2,786 $29,038
55 TZE iShares S&P Target Date 2015 Index Fund 23 957 $29,064
56 IPU SPDR S&P International Utilities 27 1,467 $30,258
57 OTP Guggenheim Ocean Tomo Patent ETF 46 1,476 $33,589
58 IPW SPDR S&P International Energy 27 1,462 $34,499
59 WMCR Wilshire Micro-Cap ETF (Guggenheim) 49 2,290 $34,642
60 TLL ProShares UltraShort Telecom 31 3,078 $34,686
61 CHIB Global X China Technology ETF 10 2,176 $34,730
62 CHIE Global X China Energy ETF 10 2,381 $35,046
63 FDD First Trust DJ STOXX European Select Div 38 2,705 $35,577
64 TDD TDX Independence 2010 37 1,581 $37,168
65 EMMT iShares MSCI Emerging Markets Materials 8 1,567 $37,805
66 BRIS Direxion Daily BRIC Bear 2x 7 1,133 $38,983
67 CRBI Jefferies|TR/J CRB Global Ind Metals Equity 11 1,010 $39,217
68 USV UBS E-TRACS CMCI Silver TR ETN 30 1,333 $39,866
69 PQBW PowerShares Nasdaq 100 Buy/Write 28 1,900 $41,020
70 PQSC PowerShares FTSE Nasdaq Small Cap 30 1,862 $41,835
71 TZI iShares S&P Target Date 2025 Index Fund 23 1,371 $42,304
72 FUD UBS E-TRACS CMCI Food TR ETN 30 1,781 $42,437
73 PTRP PowerShares Global Progressive Transport. 25 1,562 $43,201
74 AGF PowerShares DB Agriculture Long ETN 30 2,548 $43,510
75 RWG Grail RP Focused Large Cap Growth ETF 12 1,552 $43,688
76 UBD Claymore U.S. Capital Markets Bond 32 843 $44,851
77 ADRU BLDRS Europe 100 ADR 96 2,262 $45,067
78 PFI PowerShares Dynamic Financials 48 2,638 $45,114
79 IFEU iShares FTSE EPRA/NAREIT Europe 35 1,614 $45,584
80 ROI WisdomTree LargeCap Growth 22 1,414 $45,868
81 PSTL PowerShares Global Steel Portfolio 25 2,248 $45,925
82 PTO PowerShares Ibbotson Alternative Completion 29 4,267 $47,420
83 PJO PowerShares FTSE RAFI Japan 40 1,295 $47,802
84 URR Market Vectors Double Long Euro ETN 29 1,675 $48,168
85 JJE iPath DJ-UBS Energy ETN 36 2,362 $49,648
86 XGC Guggenheim International Small Cap LDRs 43 2,236 $49,810
87 ERO iPath EUR/USD Exchange Rate ETN 41 971 $49,817
88 EMFN iShares MSCI Emerging Markets Financials 8 1,886 $50,714
89 EZY WisdomTree Large Cap Value 44 1,443 $50,714
90 PYH PowerShares Morningstar StockInvestor Core 47 2,757 $50,752
91 PJG PowerShares Dynamic Mid Cap 47 2,319 $50,769
92 RWV RevenueShares Navellier Overall A-100 21 1,581 $51,353
93 TDV TDX Independence 2040 37 2,836 $51,873
94 SZO PowerShares DB Crude Oil Short ETN 28 1,005 $52,560
95 PTE PowerShares Dynamic Telecom & Wireless 59 3,667 $53,055
96 BHH HOLDRS B2B Internet ETF 129 76,890 $53,874
97 WXSP Wilshire 4500 Completion ETF (Guggenheim) 7 2,176 $54,917
98 GSD GlobalShares FTSE Dev Countries ex US 8 2,071 $54,922
99 MUAE iShares 2016 S&P AMT-Free Muni Series 9 1,067 $55,782
100 PIQ PowerShares Dynamic Magniquant 48 2,757 $57,291
101 EGPT Market Vectors Egypt Index ETF 7 3,071 $57,887
102 TDX TDX Independence In-Target 37 2,320 $58,459
103 TZV iShares S&P Target Date 2040 Index Fund 23 1,948 $60,229
104 RYF Rydex S&P Equal Weight Financial 47 2,438 $60,276
105 EFO ProShares Ultra MSCI EAFE 16 876 $62,021
106 CRBA Jefferies|TR/J CRB Global Agriculture Equity 11 1,405 $62,551
107 PLTM First Trust ISE Global Platinum Index Fund 7 2,233 $63,367
108 EFN EGS DJ Emerging Markets Financials Titans 13 2,581 $63,378
109 JPX ProShares UltraShort MSCI Pacific ex-Japan 16 4,405 $64,115
110 PZJ PowerShares Zacks Small Cap 56 3,514 $64,295
111 BOS PowerShares DB Base Metals Short ETN 28 2,986 $65,091
112 EEO EGS DJ Emerging Markets Energy Titans 17 2,748 $65,851
113 FVI First Trust Value Line Equity Allocation 47 3,695 $67,216
114 ADZ PowerShares DB Agriculture Short ETN 30 2,271 $67,357
115 FAD First Trust Multi Cap Growth AlphaDEX 41 2,600 $68,057
116 DENT AdvisorShares Dent Tactical ETF 13 3,471 $68,599
117 PWP PowerShares Dynamic Mid Cap Value 68 4,929 $70,531
118 YXI ProShares Short FTSE/Xinhua China 7 1,543 $71,094
119 PQY PowerShares Active AlphaQ 30 2,914 $71,759
120 EVX Market Vectors Environmental Services 48 1,614 $72,508
121 UCI UBS E-TRACS CMCI TR ETN 30 3,810 $75,569
122 UVG ProShares Ultra Russell 1000 Value 44 3,255 $76,567
123 DBN WisdomTree International Basic Materials 48 2,924 $78,067
124 DEE PowerShares DB Commodity Dbl Short ETN 30 1,595 $78,154
125 PEZ PowerShares Dynamic Cons Discretionary 48 3,676 $79,291
126 PKN PowerShares Global Nuclear Energy 30 4,333 $81,558
127 NUCL iShares S&P Global Nuclear Energy 28 2,114 $82,828
128 GCE Claymore CEF Index GS Connect ETN 34 4,914 $82,866
129 SDP ProShares UltraShort Utilities 45 4,752 $83,864
130 RXD ProShares UltraShort Healthcare 45 2,514 $85,287
131 RHS Rydex S&P Equal Weight Cons Staples 47 1,633 $86,948
132 TGR iShares S&P Target Date Retirement Inc. 23 3,052 $87,829
133 TDH TDX Independence 2020 37 4,113 $88,335
134 PJB PowerShares Dynamic Banking 48 7,600 $88,450
135 SMK ProShares UltraShort MSCI Mexico 16 4,452 $90,945
136 QCLN First Trust Nasdaq Clean Edge US Liquid 44 6,252 $91,449
137 IRY SPDR S&P International Health Care 27 3,186 $91,638
138 ELR SPDR Dow Jones Large Cap 59 1,767 $92,583
139 TDN TDX Independence 2030 37 4,938 $93,391
140 JFT KEYnotes FT Enhanced 130/30 Large Cap ETN 29 3,162 $94,425
141 PWND PowerShares Global Wind Energy 27 9,400 $95,862
142 MUAD iShares 2015 S&P AMT-Free Muni Series 9 1,824 $96,365
143 MUAC iShares 2014 S&P AMT-Free Muni Series 9 1,867 $96,782
144 SZR WisdomTree Dreyfus S. African Rand 28 3,186 $96,946
145 BRIL Direxion Daily BRIC Bull 2x 7 2,557 $97,641
146 FDV First Trust Strategic Value 51 4,781 $97,698
147 PTJ PowerShares Dynamic Healthcare Services 48 4,914 $97,944
148 RYE Rydex S&P Equal Weight Energy 47 2,005 $98,160
149 AGA PowerShares DB Agriculture Dbl Short ETN 30 3,314 $99,535

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 October 2010