Updates on how dynamic, risk-managed investment solutions are performing in the current market environment.
In April, 36 exchange-traded products (“ETPs”) were added to the ETF Deathwatch and 20 were removed, bringing the total to 380.
Eight products were removed due to improved health, and 12 were delisted.
Thirty-four of the additions were due to low trading volume. The low volume in these products could be due to the nature of their investment product. The remaining additions were due to low assets under management (“AUM”). These ETPs may have enough AUM to keep them from closure. However, our system takes into account both AUM and volume. If both remain low, these funds may be considered for closure.
Thirty-seven ETPs on Deathwatch this month have been in the market for at least 10 years, including many short ETPs.
The average asset level of the threatened ETPs on ETF Deathwatch decreased from $8.94 million to $8.54 million, and 34 products had less than $2 million in assets. The average age of products on the list decreased from 45.59 months to 42.68 months. The number of products at least 5 years of age decreased from 94 to 88. The largest ETP on the list had an AUM of $24.88 million, while the smallest had assets of just $110,300.
Here is the Complete List of 380 ETFs and ETNs on ETF Deathwatch for April 2022 compiled using the objective ETF Deathwatch Criteria.
The 34 ETPs added to ETF Deathwatch for April due to low trading volume:
The 2 ETPs added to ETF Deathwatch due to low AUM:
The 20 ETPs removed from ETF Deathwatch: