ETF Deathwatch for September 2010

by Ron, Benzinga Contributor
September 8, 2010 3:00 AM | 22 min read |
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The number of exchange-traded products (ETPs) on ETF Deathwatch climbed again this month to 153 (114 ETFs and 39 ETNs).  This is a 4.8% increase from last month and the highest number since May 2009.

Two funds closed last month that have been on the list every month since they became eligible:  Grail RiverPark Financials (former ticker RFF) and Grail RiverPark Technology (former ticker RPQ).  In addition, four funds from Claymore are scheduled to close in September and will have their last day of trading this Friday (9/10/10).  All four appeared on ETF Deathwatch at least once in the past three months.

Topping this month’s list is Elements Spectrum Large Cap U.S. Sector Momentum ETN (EEH) which traded on just six of the 22 market days in August.  Its “largest” day was August 17 with 500 shares changing hands.  ETNs from Elements also occupy the next two slots:  Elements CS Global Warming ETN (GWO) and Elements Ben Graham Large Cap Value ETN (BVL), which hasn’t traded in more than a month.  The average bid/ask spread of the top five products on ETF Deathwatch was 4.1% a half hour before Friday’s (9/3/10) close.

New ETF and ETN introductions are on pace to make 2010 the third most prolific year for launches.  However, it’s not necessarily the new funds that are making the list grow, as the 17 new products launched in February 2010 are shaping up to be a good crop.  This is the first month they are eligible for ETF Deathwatch and only one is on the list below – EGS INDXX China Infrastructure Index Fund (CHXX).  Currently 107 products have temporary immunity because they are less than six months old.  However, I won’t be surprised to find many of them here in the coming months.

It doesn’t take much to push an ETF’s dollar volume to either side of our $100,000 monthly threshold, which can make the membership list rather volatile.  This month 14 products are appearing for the first time in at least six months.  They are WisdomTree Europe SmallCap Dividend (DFE), WisdomTree Dreyfus Euro (EU), SPDR S&P International Mid Cap (MDD), HOLDRS Internet Architecture (IAH), EGS DJ Emerging Markets Metals & Mining Titans (EMT), ProShares Ultra Russell 1000 Value (UVG), PowerShares Global Wind Energy (PWND), Rydex S&P SmallCap 600 Pure Growth (RZG), Market Vectors Chinese Renminbi/USD ETN (CNY), ProShares UltraShort Russell 1000 Growth (SFK), Claymore/Zacks Sector Rotation (XRO), Claymore/Beacon Spin-Off ETF (CSD), WisdomTree International Basic Materials (DBN), and iShares MSCI Kokusai Index Fund (TOK).

Listed below are the 153 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 for September 2010

Rank Ticker Name Age (mths) Avg Daily Volume Avg Daily $ Volume
1 EEH Elements Spec LgCap US Sector Mo ETN 38 73 586
2 GWO Elements CS Global Warming ETN 29 114 680
3 BVL Elements Ben Graham Large Cap Value ETN 25 82 820
4 UBC E-TRACS CMCI Livestock Total Return ETN 29 45 906
5 PGD Barclays Asian&Gulf Currency Reval. ETN 27 41 2,045
6 FZB FaithShares Baptist Values Fund 9 91 2,289
7 RPX Grail RP Growth ETF 11 86 2,381
8 SPGH UBS E-TRACS S&P 500 Gold Hedged Idx ETN 7 100 2,813
9 FKL FaithShares Lutheran Values Fund 9 123 2,990
10 UBN E-TRACS CMCI Energy Total Return ETN 29 268 3,637
11 PTD E-TRACS CMCI Short Platinum Exc Ret ETN 28 123 3,922
12 BDG PowerShares DB Base Metals Long ETN 27 259 5,601
13 JEM Barclays GEMS Currency Index ETN 31 132 5,796
14 FMV FaithShares Methodist Values Fund 9 223 5,894
15 FCV FaithShares Catholic Values Fund 9 232 5,895
16 FUE Elements MLCX Biofuels ETN 31 777 6,183
17 JVS JETS DJ Islamic Market International 14 155 6,933
18 GBB iPath GBP/USD Exchange Rate ETN 40 173 7,292
19 GSR GlobalShares FTSE Emerging Markets 9 355 7,329
20 EKH HOLDRS Europe 2001 117 132 7,355
21 FOC FaithShares Christian Values Fund 9 318 8,205
22 UBG E-TRACS CMCI Gold Total Return ETN 29 255 8,447
23 PMA PowerShares Active Mega-Cap Portfolio 29 409 9,003
24 FEFN iShares MSCI Far East Financials Sector 7 405 9,405
25 EXB Claymore/Beacon Gbl Exch, Brkrs, & Asst Mgrs 39 823 9,556
26 JFT KEYnotes FT Enhanced 130/30 Large Cap ETN 28 341 9,593
27 GRN iPath Global Carbon ETN 27 386 10,469
28 EEN Claymore/BNY Mellon EW Euro-Pacific LDRs 43 595 10,537
29 GMMB Grail McDonnell Intermediate Municipal Bnd 7 232 11,918
30 AXFN iShares MSCI ACWI ex US Financials Sector 7 532 12,285
31 CRBI Jefferies|TR/J CRB Global Ind Metals Equity 10 332 12,388
32 KME SPDR KBW Mortgage Finance ETF 16 318 12,444
33 EMFN iShares MSCI Emerging Markets Financials 7 495 12,956
34 TGR iShares S&P Target Date Retirement Inc. 22 514 14,563
35 TXF Geary TXF Large Companies ETF 10 423 15,767
36 GMTB Grail McDonnell Core Taxable Bond ETF 7 336 17,392
37 OOK Geary OOK, Inc. 10 550 17,780
38 BSC Elements Ben Graham Small Cap Value ETN 25 1,618 17,796
39 PJO PowerShares FTSE RAFI Japan 39 495 17,939
40 PSTL PowerShares Global Steel Portfolio 24 927 18,318
41 IWL iShares Russell Top 200 Index Fund 11 759 19,356
42 PQSC PowerShares FTSE Nasdaq Small Cap 29 900 19,392
43 UBM E-TRACS CMCI Industrial Metals TR ETN 29 950 19,393
44 USV E-TRACS CMCI Silver Total Return ETN 29 736 19,418
45 DPU PowerShares DB Commodity Long ETN 29 1,309 19,496
46 UAG E-TRACS CMCI Agriculture TR ETN 29 932 20,284
47 CHIE Global X China Energy ETF 9 1,505 20,846
48 ERO iPath EUR/USD Exchange Rate ETN 40 432 21,605
49 PTO PowerShares Ibbotson Alternative Completion 28 2,045 22,017
50 VRD SPDR Nuveen S&P VRDO Municipal Bond ETF 11 741 22,181
51 INR Market Vectors Indian Rupee/USD ETN 30 586 22,390
52 WMH HOLDRS Wireless 120 564 22,430
53 FUD E-TRACS CMCI Food Total Return ETN 29 1,041 22,681
54 DOD Elements Dogs of the Dow Total Return ETN 34 3,145 22,994
55 AYT Barclays GEMS Asia 8 ETN 24 491 23,107
56 CRO Claymore/Zacks Country Rotation 38 1,655 25,434
57 JYF WisdomTree Dreyfus Japan Yen 28 836 25,679
58 MES Market Vectors Gulf States 26 1,332 26,765
59 TZE iShares S&P Target Date 2015 Index Fund 22 905 26,997
60 TZO iShares S&P Target Date 2035 Index Fund 22 900 27,038
61 BVT Elements Ben Graham Total Mkt Value ETN 25 2,668 27,377
62 PTRP PowerShares Glb Progressive Transport. 24 1,077 28,273
63 OTR Claymore/Ocean Tomo Growth 42 1,182 28,365
64 TZG iShares S&P Target Date 2020 Index Fund 22 1,005 29,870
65 CHIB Global X China Technology ETF 9 2,005 29,958
66 TDD TDX Independence 2010 36 1,295 30,447
67 BHH HOLDRS B2B Internet ETF 128 55,573 32,169
68 UWC ProShares Ultra Russell3000 14 595 32,846
69 XGC Claymore/BNY Mellon Intl Small Cap LDRs 42 1,600 33,020
70 JPP SPDR Russell/Nomura PRIME Japan 46 895 33,146
71 TLL ProShares UltraShort Telecom 30 2,695 33,452
72 WMW Elements Mrngstr Wide Moat Focus ETN 35 3,273 33,591
73 TDX TDX Independence In-Target 36 1,341 33,749
74 DFE WisdomTree Europe SmallCap Dividend 51 973 34,434
75 TWQ ProShares UltraShort Russell3000 14 1,595 37,445
76 ROI WisdomTree LargeCap Growth 21 1,186 37,596
77 OTP Claymore/Ocean Tomo Patent 45 1,764 38,608
78 URR Market Vectors Double Long Euro ETN 28 1,455 38,950
79 GVT Grail American Beacon Large Cap Value 16 1,259 39,681
80 PEF PowerShares FTSE RAFI Europe 39 1,205 39,857
81 RWV RevenueShares Navellier Overall A-100 20 1,291 40,154
82 PKOL PowerShares Global Coal Portfolio 24 1,505 40,984
83 AGF PowerShares DB Agriculture Long ETN 29 2,700 42,190
84 MKH HOLDRS Merrill Lynch Market 2000+ 122 977 43,903
85 PQY PowerShares Active AlphaQ 29 1,986 46,865
86 GULF WisdomTree Middle East Dividend 26 3,236 47,351
87 EU WisdomTree Dreyfus Euro 28 2,318 48,302
88 PBTQ PowerShares Global Biotech Portfolio 24 2,155 48,806
89 TZD iShares S&P Target Date 2010 Index Fund 22 1,773 51,476
90 TDV TDX Independence 2040 36 2,927 51,589
91 DJCI UBS E-TRACS DJ-UBS Commodity TR ETN 10 2,066 51,943
92 BWV iPath CBOE S&P 500 BuyWrite Index ETN 40 1,191 52,185
93 EMMT iShares MSCI Emerging Markets Materials 7 2,241 52,195
94 TZL iShares S&P Target Date 2030 Index Fund 22 1,755 52,482
95 EEO EGS DJ Emg Mkts Energy Titans 16 1,164 53,243
96 TDN TDX Independence 2030 36 2,905 53,293
97 GCE Claymore CEF Index GS Connect ETN 33 3,305 53,713
98 PQBW PowerShares Nasdaq 100 Buy/Write 27 2,573 53,809
99 TZI iShares S&P Target Date 2025 Index Fund 22 1,800 54,195
100 UBD Claymore U.S. Capital Markets Bond ETF 31 1,045 56,007
101 PQZ PowerShares Active Alpha Multi-Cap 29 3,605 56,777
102 RTL iShares FTSE NAREIT Retail Capped 40 2,359 57,599
103 MDD SPDR S&P International Mid Cap 28 2,214 58,887
104 FPX First Trust US IPO Index Fund 53 3,036 59,714
105 IAH HOLDRS Internet Architecture 128 1,227 59,988
106 CRBA Jefferies|TR/J CRB Global Agriculture Equity 10 1,441 60,656
107 IFEU iShares FTSE EPRA/NAREIT Europe 34 2,355 62,477
108 ADRU BLDRS Europe 100 ADR 95 3,305 62,840
109 RWG Grail RP Focused Large Cap Growth ETF 11 2,373 63,150
110 JPX ProShares UltraShort MSCI Pacific ex-Japan 15 3,750 64,101
111 EMT EGS DJ Emg Mkts Metals & Mining Titans 16 1,159 64,278
112 MUAE iShares 2016 S&P AMT-Free Muni Series 8 1,232 64,366
113 NUCL iShares S&P Global Nuclear Energy 27 1,709 64,509
114 MCRO IQ Hedge Macro Tracker ETF 15 2,450 65,976
115 PJM PowerShares Dynamic Small Cap 46 3,664 66,543
116 IFAS iShares FTSE EPRA/NAREIT Asia 34 2,355 66,953
117 TDH TDX Independence 2020 36 3,205 67,795
118 EFN EGS DJ Emerging Markets Financials Titans 12 1,495 68,780
119 JYN iPath JPY/USD Exchange Rate ETN 40 991 69,035
120 JJE iPath DJ-UBS Energy ETN 35 3,291 69,280
121 AGA PowerShares DB Agriculture Dbl Short ETN 29 1,895 72,002
122 PJB PowerShares Dynamic Banking 47 6,264 73,676
123 LTL ProShares Ultra Telecommunications 30 1,932 76,936
124 PIQ PowerShares Dynamic Magniquant 47 3,841 77,337
125 UVG ProShares Ultra Russell 1000 Value 43 3,568 77,691
126 LVL Claymore/BBD High Income 39 5,886 80,091
127 FAD First Trust Multi Cap Growth AlphaDEX 40 3,273 80,483
128 PWND PowerShares Global Wind Energy 26 7,895 82,867
129 QABA First Trust NASDAQ ABA Community Bank 14 3,877 83,270
130 EZY WisdomTree Large Cap Value 43 2,536 84,451
131 MUAD iShares 2015 S&P AMT-Free Muni Series 8 1,614 84,862
132 CHXX EGS INDXX China Infrastructure Index Fund 7 4,386 85,208
133 LD iPath DJ-UBS Lead ETN 27 1,586 85,889
134 JJU iPath DJ-UBS Aluminum ETN 27 2,995 86,270
135 GRES IQ Global Resources ETF 10 3,232 86,660
136 UCI E-TRACS CMCI Total Return ETN 29 4,591 87,330
137 RZG Rydex S&P SmallCap 600 Pure Growth 55 2,391 89,232
138 PYH PowerShares Morningstar StockInvestor Core 46 5,086 90,594
139 PAO PowerShares Riverfront Tactical Bal Growth 28 8,064 90,853
140 PFA PowerShares Dynamic Dev Intl Opps 39 6,027 91,074
141 CNY Market Vectors Chinese Renminbi/USD ETN 30 2,309 92,044
142 SFK ProShares UltraShort Russell 1000 Growth 43 2,686 92,328
143 XRO Claymore/Zacks Sector Rotation 48 4,441 92,379
144 CSD Claymore/Beacon Spin-Off ETF 45 4,782 92,560
145 ROB Claymore/Robb Report Global Luxury 38 5,050 94,239
146 DBN WisdomTree Intl Basic Materials 47 3,745 94,789
147 MUAC iShares 2014 S&P AMT-Free Muni Series 8 1,850 95,767
148 IIH HOLDRS Internet Infrastructure 128 28,627 96,016
149 CHII Global X China Industrial ETF 9 6,600 98,441
150 TOK iShares MSCI Kokusai Index Fund 33 2,845 99,538
151 EFO ProShares Ultra MSCI EAFE 15 1,468 99,763
152 CPI IQ Real Return ETF 10 3,973 99,872
153 SJL ProShares UltraShort Russell Midcap Value 43 4,559 99,989

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.

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