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AdvisorShares Dent Tactical ETF (DENT), an actively-managed fund from Harry S. Dent, Jr., along with four others joined ETF Deathwatch this month. In conjunction with four funds being removed, this increases the number of names on the list by one to 139.

The 103 ETFs and 36 ETNs on ETF Deathwatch average $6.8 million in assets and are an average age of 30.3 months. Eighteen have less than $2 million in assets, barely generating any fees for their sponsors.

ELEMENTS Benjamin Graham Large Cap Value ETN (BVL) and ELEMENTS Benjamin Graham Total Market Value ETN (BVT) have the dubious distinction of being the only two ETPs with less than $1 million is assets. BVL also wins the award for the least trading activity in April with just 400 shares changing hands – just one trade back on April 7.

Columbia is now the new owner of the Grail ETFs. One Grail ETF has already changed its name to Columbia, but all five remain on Deathwatch. We will see if Columbia can turn the situation around.

The five products added to ETF Deathwatch for May are:

  1. AdvisorShares Dent Tactical ETF (DENT): Dent’s ETF debut in September 2009 was met with great fanfare, but I had a less enthusiastic view. The euphoria faded quickly; performance instantly and continuously lagged its benchmark. Assets have dropped to $20 million and trading volume has dried up.
  2. Direxion Daily Retail Bull 2x (RETL): RETL is one of four funds introduced by Direxion in July 2010 that have all struggled to gain attention. With the addition of RETL, three of the four are now part of ETF Deathwatch.
  3. First Trust DJ STOXX European Select Dividend (FDD): Since its August 2007 inception, this “more conservative” dividend-focused ETF underperformed its non-dividend counterparts by 10% per year. Ouch.
  4. First Trust NASDAQ ABA Community Bank (QABA): I had high hopes for QABA when it was introduced in July 2009, but it takes more than good intent to succeed in this arena. Assets have stayed stubbornly below $15 million and trading has dwindled.
  5. JPMorgan Quarterly Double Short US 10-Yr Treasury Futures ETN (DSXJ): DSTX was probably destined for ETF Deathwatch since the day of its launch. However, I give all new products a six-month grace period. With the grace period now expired, assets of just $5.2 million and no trading activity, DSXJ join the list. The long-term Treasury version (DSTJ) is not faring much better, but stays off the list for now.

The following four funds came off ETF Deathwatch after significant growth in trading activity the past few months:

  1. Rydex S&P Equal Weight Consumer Staples (RHS)
  2. SPDR Russell/Nomura PRIME Japan (JPP)
  3. PowerShares DB Agriculture Long ETN (AGF)
  4. PowerShares DB Agriculture Double Short ETN (AGA)

The ETF Deathwatch criteria produced the following list of 139 names for May:

ETF Deathwatch for May 2011

# Ticker Sym ETF Name Age (mths) AUM (millions) 3-mth Avg Daily $ Volume
1 DENT AdvisorShares Dent Tactical ETF 19.7 $19.65 $84,345
2 AADR AdvisorShares WCM/BNY Mellon Foc Gr ADR 9.4 $8.81 $75,394
3 PGD Barclays Asian&Gulf Currency Reval. ETN 34.9 $4.10 $13,480
4 BXDC Barclays ETN+ S&P 500 2x Short C 2009 ETN 17.6 $1.75 $331,946
5 BXDD Barclays ETN+ S&P 500 3x Short D 2009 ETN 17.6 $1.98 $453,226
6 JEM Barclays GEMS Currency Index ETN 39.5 $4.06 $12,578
7 ADRU BLDRS Europe 100 ADR 103.0 $22.39 $79,896
8 GCE Claymore CEF Index GS Connect ETN 41.2 $3.62 $30,312
9 ULQ Claymore U.S. Cap Mkts Micro-Trm Fxd Inc 39.1 $4.98 $4,028
10 UBD Claymore U.S. Capital Markets Bond 39.1 $5.25 $28,648
11 GVT Columbia Concentrated Large Cap Value 24.2 $3.40 $2,989
12 XRU CurrencyShares Russian Ruble Shares 30.0 $9.13 $146,932
13 BRIS Direxion Daily BRIC Bear 2x 13.8 $2.41 $19,949
14 BRIL Direxion Daily BRIC Bull 2x 13.8 $4.72 $184,227
15 INDZ Direxion Daily India Bear 2x 13.8 $3.84 $419,061
16 LHB Direxion Daily Latin America Bear 3x 17.1 $2.95 $287,734
17 FCGS Direxion Daily Natural Gas Related Bear 2x 9.7 $1.64 $66,863
18 RETS Direxion Daily Retail Bear 2x 9.7 $2.28 $141,719
19 RETL Direxion Daily Retail Bull 2x 9.7 $6.32 $85,588
20 EFN EGS DJ Emerging Markets Financials Titans 19.7 $11.31 $91,602
21 BVL ELEMENTS Ben Graham Large Cap Value ETN 33.0 $0.63 $2,419
22 BSC ELEMENTS Ben Graham Small Cap Value ETN 32.9 $1.77 $14,267
23 BVT ELEMENTS Ben Graham Total Mkt Value ETN 33.0 $0.97 $5,289
24 GWO ELEMENTS CS Global Warming ETN 37.4 $3.86 $78,772
25 DOD ELEMENTS Dogs of the Dow Total Return ETN 42.3 $4.31 $88,801
26 FUE ELEMENTS MLCX Biofuels ETN 39.3 $2.72 $132,425
27 WMW ELEMENTS Morningstar Wide Moat Focus ETN 43.0 $10.86 $126,599
28 EEH ELEMENTS Spctrm LgCap US Sector Mo ETN 45.6 $1.18 $2,763
29 FZB FaithShares Baptist Values Fund 16.7 $1.55 $5,126
30 FCV FaithShares Catholic Values Fund 16.9 $3.24 $30,581
31 FOC FaithShares Christian Values Fund 16.9 $3.22 $28,609
32 FKL FaithShares Lutheran Values Fund 16.7 $1.55 $8,426
33 FMV FaithShares Methodist Values Fund 16.9 $1.60 $16,872
34 FDD First Trust DJ STOXX European Select Div 44.6 $11.72 $62,823
35 QABA First Trust NASDAQ ABA Community Bank 22.3 $14.07 $81,214
36 FVI First Trust Value Line Equity Allocation 53.6 $7.56 $74,037
37 BRAF Global X Brazil Financials ETF 9.2 $9.63 $55,621
38 CHIB Global X China Technology ETF 16.9 $5.86 $102,292
39 GMTB Grail McDonnell Core Taxable Bond ETF 15.2 $5.11 $7,170
40 GMMB Grail McDonnell Intermediate Municipal Bnd 15.2 $5.07 $1,813
41 RWG Grail RP Focused Large Cap Growth ETF 19.2 $11.59 $208,915
42 RPX Grail RP Growth ETF 19.2 $5.04 $22,100
43 EEN Guggenheim EW Euro-Pacific LDRs ETF 50.7 $3.25 $24,975
44 XGC Guggenheim International Small Cap LDRs 49.6 $11.46 $74,113
45 OTR Guggenheim Ocean Tomo Growth Index ETF 49.6 $6.11 $42,281
46 OTP Guggenheim Ocean Tomo Patent ETF 53.2 $11.34 $228,315
47 WXSP Guggenheim Wilshire 4500 Completion ETF 13.9 $6.58 $29,370
48 WFVK Guggenheim Wilshire 5000 Total Market ETF 13.9 $6.13 $88,204
49 EKH HOLDRS Europe 2001 125.1 $5.09 $11,483
50 MKH HOLDRS Merrill Lynch Market 2000+ 129.8 $13.57 $22,634
51 WMH HOLDRS Wireless 127.8 $16.72 $30,045
52 ERO iPath EUR/USD Exchange Rate ETN 48.4 $17.90 $233,143
53 GBB iPath GBP/USD Exchange Rate ETN 48.4 $4.93 $31,361
54 GRN iPath Global Carbon ETN 34.7 $4.17 $52,063
55 TWON IQ Taiwan Small Cap 11.5 $4.50 $172,677
56 MUAE iShares 2016 S&P AMT-Free Muni Series 16.0 $20.54 $127,333
57 AXDI iShares MSCI ACWI ex US Consumer Discr 9.6 $6.83 $97,430
58 AXSL iShares MSCI ACWI ex US Consumer Staples 9.6 $3.30 $47,059
59 AXEN iShares MSCI ACWI ex US Energy 9.6 $6.97 $91,062
60 AXFN iShares MSCI ACWI ex US Financials 15.4 $2.64 $3,988
61 AXHE iShares MSCI ACWI ex US Health Care 9.6 $3.09 $63,949
62 AXID iShares MSCI ACWI ex US Industrials 9.6 $6.62 $223,630
63 AXIT iShares MSCI ACWI ex US Info Technology 9.6 $6.12 $66,711
64 AXMT iShares MSCI ACWI ex US Materials 9.6 $7.25 $205,092
65 AXTE iShares MSCI ACWI ex US Telecom Services 9.6 $6.32 $63,321
66 AXUT iShares MSCI ACWI ex US Utilities 9.6 $5.70 $55,187
67 EMFN iShares MSCI Emerging Markets Financials 15.4 $23.91 $172,588
68 FEFN iShares MSCI Far East Financials Sector 15.4 $2.51 $8,945
69 EUSA iShares MSCI USA Index Fund 11.9 $1.46 $42,036
70 TZD iShares S&P Target Date 2010 Index Fund 30.2 $4.84 $59,357
71 TZE iShares S&P Target Date 2015 Index Fund 30.2 $10.13 $70,003
72 TZG iShares S&P Target Date 2020 Index Fund 30.2 $17.35 $128,584
73 TZI iShares S&P Target Date 2025 Index Fund 30.2 $12.40 $51,732
74 TZL iShares S&P Target Date 2030 Index Fund 30.2 $12.58 $64,532
75 TZO iShares S&P Target Date 2035 Index Fund 30.2 $7.23 $31,943
76 TZV iShares S&P Target Date 2040 Index Fund 30.2 $14.63 $70,649
77 TGR iShares S&P Target Date Retirement Inc. 30.2 $6.14 $27,567
78 CRBI Jefferies|TR/J CRB Global Ind Metals Equity 18.3 $7.28 $88,469
79 DSXJ JPM Qtrly Dbl Short US 10-Yr Treas Fut ETN 6.9 $5.21 $78,147
80 JFT KEYnotes FT Enhanced 130/30 Large Cap ETN 35.8 $3.89 $12,269
81 URR Market Vectors Double Long Euro ETN 36.3 $1.20 $33,753
82 INR Market Vectors Indian Rupee/USD ETN 37.9 $7.71 $57,741
83 NASI Pax MSCI North America ESG Index 11.5 $2.97 $25,600
84 PQZ PowerShares Active Alpha Multi-Cap 37.1 $4.13 $48,701
85 PLK PowerShares Active Low Duration 37.0 $11.41 $119,370
86 PMA PowerShares Active Mega-Cap Portfolio 37.0 $5.57 $50,321
87 LBND PowerShares DB 3x Long 25+ Treas ETN 10.2 $3.28 $15,068
88 ADZ PowerShares DB Agriculture Short ETN 37.0 $2.30 $26,575
89 BDG PowerShares DB Base Metals Long ETN 34.9 $1.64 $20,000
90 BOS PowerShares DB Base Metals Short ETN 34.9 $2.98 $16,754
91 DEE PowerShares DB Commodity Dbl Short ETN 36.6 $1.59 $37,811
92 DPU PowerShares DB Commodity Long ETN 36.6 $8.25 $58,204
93 DDP PowerShares DB Commodity Short ETN 36.6 $1.16 $17,272
94 PIC PowerShares Dynamic Insurance 67.1 $9.45 $169,679
95 PJM PowerShares Dynamic Small Cap 53.7 $18.99 $63,512
96 PSTL PowerShares Global Steel Portfolio 31.7 $8.29 $88,233
97 PTO PowerShares Ibbotson Alternative Completion 35.8 $9.26 $59,411
98 PYH PowerShares Morningstar StockInvestor Core 53.7 $19.82 $92,297
99 PSCM PowerShares S&P SmallCap Materials 12.9 $3.06 #N/A
100 SBM ProShares Short Basic Materials 13.6 $3.42 $134,975
101 UPV ProShares Ultra MSCI Europe 12.2 $4.52 $61,931
102 UMX ProShares Ultra MSCI Mexico Investable Mkt 12.2 $2.21 $68,364
103 UXJ ProShares Ultra MSCI Pacific Ex-Japan 12.2 $4.27 $106,547
104 BIB ProShares Ultra Nasdaq Biotechnology 12.9 $11.78 $380,480
105 UWC ProShares Ultra Russell3000 22.2 $9.12 $61,392
106 YCL ProShares Ultra Yen 29.5 $3.33 $289,627
107 SMDD ProShares UltraPro Short S&P MidCap400 14.8 $3.71 $751,689
108 CMD ProShares UltraShort DJ-UBS Commodity 29.5 $4.39 $107,290
109 RXD ProShares UltraShort Healthcare 51.7 $3.39 $77,044
110 SMK ProShares UltraShort MSCI Mexico 22.7 $2.35 $97,546
111 JPX ProShares UltraShort MSCI Pacific ex-Japan 22.7 $6.76 $97,499
112 BIS ProShares UltraShort Nasdaq Biotechnology 12.9 $1.87 $104,298
113 SFK ProShares UltraShort Russell 1000 Growth 50.9 $4.27 $110,792
114 SJF ProShares UltraShort Russell 1000 Value 50.9 $2.12 $49,850
115 SDK ProShares UltraShort Russell Midcap Growth 50.9 $2.50 $108,684
116 SJL ProShares UltraShort Russell Midcap Value 50.9 $1.77 $34,811
117 TWQ ProShares UltraShort Russell3000 22.2 $1.33 $78,786
118 TLL ProShares UltraShort Telecom 37.6 $2.31 $47,578
119 SDP ProShares UltraShort Utilities 51.7 $4.17 $112,348
120 RWV RevenueShares Navellier Overall A-100 27.6 $10.55 $144,844
121 KME SPDR KBW Mortgage Finance ETF 24.3 $4.19 $28,810
122 VRD SPDR Nuveen S&P VRDO Municipal Bond ETF 19.4 $9.01 $96,772
123 IPF SPDR S&P International Financial 33.7 $7.68 $123,483
124 IRY SPDR S&P International Health Care 33.6 $14.96 $148,513
125 IPU SPDR S&P International Utilities 33.6 $8.81 $34,785
126 TDD TDX Independence 2010 43.6 $14.41 $41,106
127 TDX TDX Independence In-Target 43.6 $16.01 $45,850
128 MLPS UBS E-TRACS 1x Mthly Short Alerian MLP ETN 7.1 $8.10 $23,619
129 MLPG UBS E-TRACS Alerian Natural Gas MLP ETN 9.7 $14.21 $120,282
130 UBN UBS E-TRACS CMCI Energy TR ETN 37.4 $3.63 $16,968
131 UBG UBS E-TRACS CMCI Gold TR ETN 37.4 $7.71 $36,104
132 UBM UBS E-TRACS CMCI Industrial Metals TR ETN 37.4 $6.51 $31,480
133 UBC UBS E-TRACS CMCI Livestock TR ETN 37.4 $5.20 $24,280
134 PTD UBS E-TRACS CMCI Short Platinum ER ETN 36.2 $3.05 $4,268
135 USV UBS E-TRACS CMCI Silver TR ETN 37.4 $12.45 $245,813
136 SPGH UBS E-TRACS S&P 500 Gold Hedged Idx ETN 15.2 $13.48 $27,130
137 IVOV Vanguard S&P Mid-Cap 400 Value ETF 7.8 $6.54 $105,924
138 EU WisdomTree Dreyfus Euro 36.0 $10.20 $74,263
139 JYF WisdomTree Dreyfus Japan Yen 35.8 $6.43 $79,901

Data sources: AUM from National Stock Exchange, daily prices and volume of individual ETPs from Norgate Premium Data, and all other information compiled by Invest With An Edge.

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 List for May 2011: DENT Joins the Watch