ETF Deathwatch Report For September 2009
Ron Rowland From InvestWithAnEdge puts out his monthly ETF Deathwatch Report: The “official” number of exchange-traded products on Deathwatch dropped for the second month in a row. This month’s list contains 111 names, seven fewer than last month.
E-TRACS CMCI Short Platinum Excess Return (PTD) heads the list again this month. PTD saw action on only three days in September, with a total of 500 shares traded for the entire month. The other 18 days were all zero volume days. The last trade took place back on September 17. Many ETF investors have never heard of E-TRACS, which may be why 90% of their product line is on ETF Deathwatch this, and every, month.
Other names seem to be perpetually near the top of the list. Funds like Elements Special Large Cap US Sector Momentum ETN (EEH), Claymore/Morningstar Services SuperSector (MZO) (along with its brothers MZN & MZG), and the Elements Ben Graham trio (BVL), (BSC), and (BVT) show up month after month. The sponsors will need to do something eventually.
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The recent regulatory activity of the CFTC on commodity-based funds caused PowerShares DB Crude Oil Double Long ETN (DXO) to be delisted and liquidated in September. It also prompted me to place all commodity ETFs and ETNs on “unofficial” ETF Deathwatch until these issues are resolved.
Deutsche Bank (DB) and PowerShares have redefined the underlying indexes to help alleviate the problems with two of their funds. A September 30 press release from DB said the number of commodities held by PowerShares DB Agriculture (DBA) will go up from four to eleven, while the number for PowerShares DB Commodity (DBC) will go from six to fourteen. These changes will take place by October 30.
The current “official” list consists of 77 ETFs and 34 ETNs that are at least six months old and failed to have an Average Daily Value Traded (ADVT) of at least $100,000 during September.
ETF Deathwatch – October 2009
| Rank | Ticker | Name | Age (mths) | Avg Daily Volume | Avg Daily Value Traded |
|---|---|---|---|---|---|
| 1 | (PTD) | E-TRACS CMCI Short Platinum Exc Ret ETN | 17 | 24 | $812 |
| 2 | (EEH) | Elements Spec LgCap US Sector Mo ETN | 26 | 162 | $1,190 |
| 3 | (JFT) | First Trust Enhanced 130/30 Large Cap ETN | 17 | 95 | $2,610 |
| 4 | (JEM) | Barclays GEMS Currency Index ETN | 20 | 67 | $2,959 |
| 5 | (MZO) | Claymore/Mrngstr Services SuperSector | 26 | 219 | $3,768 |
| 6 | (PGD) | Barclays Asian&Gulf Currency Reval. ETN | 16 | 95 | $4,733 |
| 7 | (RTW) | Rydex Inverse 2x S&P Technology | 16 | 276 | $6,768 |
| 8 | (BVL) | Elements Ben Graham Large Cap Value ETN | 14 | 767 | $6,883 |
| 9 | (TZO) | iShares S&P Target Date 2035 Index Fund | 11 | 248 | $7,245 |
| 10 | (CZA) | Claymore/Zacks Mid-Cap Core ETF | 30 | 376 | $8,073 |
| 11 | (TGR) | iShares S&P Target Date Retirement Inc. | 11 | 295 | $8,134 |
| 12 | (OTR) | Claymore/Ocean Tomo Growth | 30 | 386 | $8,374 |
| 13 | (INR) | Market Vectors Indian Rupee/USD ETN | 19 | 233 | $8,865 |
| 14 | (GWO) | Elements CS Global Warming ETN | 18 | 1,243 | $9,057 |
| 15 | (FUE) | Elements MLCX Biofuels ETN | 20 | 1,367 | $10,524 |
| 16 | (BVT) | Elements Ben Graham Total Mkt Value ETN | 14 | 1,129 | $10,832 |
| 17 | (IIH) | HOLDRS Internet Infrastructure | 117 | 5,005 | $11,362 |
| 18 | (OTP) | Claymore/Ocean Tomo Patent | 34 | 543 | $11,407 |
| 19 | (MZN) | Claymore/Mrngstr Inform. SuperSector | 26 | 586 | $11,767 |
| 20 | (BHH) | HOLDRS B2B Internet ETF | 117 | 28,276 | $12,150 |
| 21 | (DOD) | Elements Dogs of the Dow Total Return ETN | 23 | 1,862 | $12,187 |
| 22 | (TZG) | iShares S&P Target Date 2020 Index Fund | 11 | 448 | $12,916 |
| 23 | (AGF) | PowerShares DB Agriculture Long ETN | 18 | 852 | $13,576 |
| 24 | (AYT) | Barclays GEMS Asia 8 ETN | 13 | 300 | $13,701 |
| 25 | (UBG) | E-TRACS CMCI Gold Total Return ETN | 18 | 500 | $13,738 |
| 26 | (TZE) | iShares S&P Target Date 2015 Index Fund | 11 | 481 | $13,787 |
| 27 | (MKH) | HOLDRS Merrill Lynch Market 2000+ | 111 | 295 | $13,914 |
| 28 | (TZD) | iShares S&P Target Date 2010 Index Fund | 11 | 510 | $14,433 |
| 29 | (TZI) | iShares S&P Target Date 2025 Index Fund | 11 | 514 | $14,701 |
| 30 | (UBN) | E-TRACS CMCI Energy Total Return ETN | 18 | 1,086 | $15,499 |
| 31 | (JJT) | iPath DJ-UBS Tin ETN | 15 | 457 | $15,825 |
| 32 | (STH) | Claymore/Sabrient Stealth | 37 | 1,157 | $17,179 |
| 33 | (IPS) | SPDR S&P International Consumer Staples | 14 | 657 | $17,207 |
| 34 | (PNXQ) | PowerShares Nasdaq Next Q | 18 | 810 | $17,482 |
| 35 | (TZV) | iShares S&P Target Date 2040 Index Fund | 11 | 667 | $19,289 |
| 36 | (FVI) | First Trust Value Line Equity Allocation | 34 | 1,286 | $20,468 |
| 37 | (CSD) | Claymore/Beacon Spin-Off ETF | 34 | 1,314 | $22,336 |
| 38 | (ERO) | iPath EUR/USD Exchange Rate ETN | 29 | 410 | $23,338 |
| 39 | (RHO) | Rydex Inverse 2x S&P Health Care | 16 | 590 | $23,607 |
| 40 | (BSC) | Elements Ben Graham Small Cap Value ETN | 14 | 2,395 | $24,091 |
| 41 | (CRO) | Claymore/Zacks Country Rotation | 27 | 1,495 | $24,359 |
| 42 | (UCI) | E-TRACS CMCI Total Return ETN | 18 | 1,400 | $24,552 |
| 43 | (ADZ) | PowerShares DB Agriculture Short ETN | 18 | 714 | $24,798 |
| 44 | (UAG) | E-TRACS CMCI Agriculture TR ETN | 18 | 1,305 | $25,715 |
| 45 | (GRN) | iPath Global Carbon ETN | 15 | 1,000 | $26,422 |
| 46 | (DPC) | WisdomTree Intl Consumer Cyclical | 36 | 1,457 | $27,326 |
| 47 | (PQSC) | PowerShares FTSE Nasdaq Small Cap | 18 | 1,252 | $27,338 |
| 48 | (PSTL) | PowerShares Global Steel Portfolio | 12 | 1,376 | $27,494 |
| 49 | (TZL) | iShares S&P Target Date 2030 Index Fund | 11 | 957 | $27,822 |
| 50 | (PQY) | PowerShares Active AlphaQ | 18 | 1,352 | $27,982 |
| 51 | (EXB) | Claymore/Beacon Gbl Exch, Brkrs, & Asst Mgrs | 28 | 2,124 | $29,623 |
| 52 | (IPD) | SPDR S&P International Consumer Discr | 14 | 1,400 | $33,572 |
| 53 | (UBD) | Claymore U.S. Capital Markets Bond ETF | 20 | 705 | $34,109 |
| 54 | (UEM) | Claymore U.S.-1-The Capital Markets | 20 | 848 | $34,903 |
| 55 | (JYF) | WisdomTree Dreyfus Japan Yen | 17 | 1,243 | $35,768 |
| 56 | (WMH) | HOLDRS Wireless | 109 | 752 | $35,871 |
| 57 | (GBB) | iPath GBP/USD Exchange Rate ETN | 29 | 857 | $37,861 |
| 58 | (UBM) | E-TRACS CMCI Industrial Metals TR ETN | 18 | 2,129 | $37,930 |
| 59 | (UBC) | E-TRACS CMCI Livestock Total Return ETN | 18 | 2,229 | $38,005 |
| 60 | (ROB) | Claymore/Robb Report Global Luxury | 26 | 2,300 | $38,182 |
| 61 | (FAD) | First Trust Multi Cap Growth AlphaDEX | 29 | 1,724 | $38,341 |
| 62 | (MZG) | Claymore/Mrngstr Manufact. SuperSector | 26 | 1,971 | $38,670 |
| 63 | (DPU) | PowerShares DB Commodity Long ETN | 17 | 2,700 | $38,919 |
| 64 | (JYN) | iPath JPY/USD Exchange Rate ETN | 29 | 605 | $39,381 |
| 65 | (FUD) | E-TRACS CMCI Food Total Return ETN | 18 | 2,095 | $40,546 |
| 66 | (JJU) | iPath DJ-UBS Aluminum ETN | 15 | 1,519 | $40,660 |
| 67 | (PQZ) | PowerShares Active Alpha Multi-Cap | 18 | 2,600 | $41,612 |
| 68 | (PTO) | PowerShares Auto Growth NFA | 17 | 4,005 | $42,263 |
| 69 | (PMA) | PowerShares Active Mega-Cap Portfolio | 18 | 2,014 | $43,091 |
| 70 | (EKH) | HOLDRS Europe 2001 | 106 | 719 | $43,767 |
| 71 | (DEF) | Claymore/Sabrient Defender | 34 | 2,252 | $44,664 |
| 72 | (USV) | E-TRACS CMCI Silver Total Return ETN | 18 | 1,895 | $45,288 |
| 73 | (REC) | Rydex Inverse 2x S&P Energy | 16 | 7,086 | $45,831 |
| 74 | (IRY) | SPDR S&P International Health Care | 14 | 1,633 | $45,884 |
| 75 | (EEN) | Claymore/BNY Mellon EW Euro-Pacific LDRs | 31 | 2,657 | $46,903 |
| 76 | (PJO) | PowerShares FTSE RAFI Japan | 28 | 1,343 | $50,891 |
| 77 | (BDG) | PowerShares DB Base Metals Lng ETN | 16 | 2,652 | $51,819 |
| 78 | (BOS) | PowerShares DB Base Metals Sht ETN | 16 | 1,914 | $51,830 |
| 79 | (RHS) | Rydex S&P Equal Weight Cons Staples | 35 | 1,114 | $52,242 |
| 80 | (PTRP) | PowerShares Glb Progressive Transport. | 13 | 2,138 | $56,057 |
| 81 | (TLL) | ProShares UltraShort Telecom | 18 | 2,862 | $58,649 |
| 82 | (JPP) | SPDR Russell/Nomura PRIME Japan | 35 | 1,576 | $60,514 |
| 83 | (BDH) | HOLDRS Broadband ETF | 115 | 5,114 | $62,222 |
| 84 | (RHM) | Rydex 2x S&P Health Care | 16 | 1,143 | $65,077 |
| 85 | (PAO) | PowerShares Auto Balanced Growth NFA | 17 | 5,986 | $66,009 |
| 86 | (RYU) | Rydex S&P Equal Weight Utilities | 35 | 1,605 | $69,349 |
| 87 | (IRO) | Claymore/Zacks Dividend Rotation | 24 | 3,943 | $69,426 |
| 88 | (ADRU) | BLDRS Europe 100 ADR | 84 | 3,414 | $71,752 |
| 89 | (ICI) | iPath Optimized Currency Carry ETN | 18 | 1,614 | $71,938 |
| 90 | (FPX) | First Trust US IPO Index Fund | 42 | 3,895 | $72,501 |
| 91 | (PIQ) | PowerShares Dynamic Magniquant | 36 | 3,971 | $75,072 |
| 92 | (IPU) | SPDR S&P International Utilities | 14 | 3,338 | $75,497 |
| 93 | (PTE) | PowerShares Dynamic Telecom & Wireless | 46 | 6,133 | $76,421 |
| 94 | (XGC) | Claymore/BNY Mellon Intl Small Cap LDRs | 30 | 4,443 | $77,397 |
| 95 | (URR) | Market Vectors Double Long Euro ETN | 17 | 2,281 | $78,827 |
| 96 | (BOM) | PowerShares DB Base Metals Dbl Sh ETN | 16 | 3,176 | $80,351 |
| 97 | (PZJ) | PowerShares Zacks Small Cap | 44 | 4,919 | $80,818 |
| 98 | (TDV) | TDX Independence 2040 | 24 | 4,500 | $81,430 |
| 99 | (TDD) | TDX Independence 2010 | 24 | 3,529 | $81,453 |
| 100 | (RGI) | Rydex S&P Equal Weight Industrials | 35 | 2,143 | $88,079 |
| 101 | (NUCL) | iShares S&P Global Nuclear Energy | 15 | 2,090 | $88,601 |
| 102 | (PIC) | PowerShares Dynamic Insurance | 48 | 6,548 | $88,918 |
| 103 | (PEF) | PowerShares FTSE RAFI Europe | 28 | 2,486 | $90,224 |
| 104 | (PEZ) | PowerShares Dynamic Cons Discretionary | 36 | 4,871 | $91,654 |
| 105 | (QQXT) | First Trust Nasdaq-100 Ex-Technology | 32 | 5,476 | $92,109 |
| 106 | (EXT) | WisdomTree Total Earnings | 32 | 2,519 | $93,186 |
| 107 | (PWT) | PowerShares Dynamic Small Cap Growth | 56 | 7,862 | $93,217 |
| 108 | (PBTQ) | PowerShares Global Biotech Portfolio | 13 | 4,062 | $96,693 |
| 109 | (FAB) | First Trust Multi Cap Value AlphaDEX | 29 | 4,348 | $96,751 |
| 110 | (IFNA) | iShares FTSE NAREIT North America | 23 | 3,267 | $99,075 |
| 111 | (SJL) | ProShares UltraShort Russell Midcap Value | 32 | 2,943 | $99,660 |
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