Market insights and analysis

In August, 25 exchange-traded products (“ETPs”) were added to the ETF Deathwatch list and 24 were removed, bringing the total up to 514.

Among the additions, 22 were due to low trading volume. The low volume in these products could be due to the nature of their investment product. Three additions were due to low assets under management (“AUM”), though they may have enough AUM to avoid closure. Our system takes into account both AUM and volume. If both remain low, these funds could be considered for closure.

Seven products were removed due to delisting, and 17 products were removed due to improved health.

Forty-three ETPs on ETF 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 $8.66 million to $8.55 million, and 54 products had less than $2 million in assets. The average age of products on the list decreased from 44.07 months to 43.51 months, and the number of products at least 5 years of age decreased from 100 to 97. The largest ETP on the list had an AUM of $24.93 million, while the smallest had assets of just $111,600.

Here is the complete list of 514 ETPs on ETF Deathwatch for August 2024 compiled using the objective ETF Deathwatch Criteria.

ETPs added to ETF Deathwatch for August due to low trading volume:

1. ARK 21Shares Active Bitcoin Ethereum Strategy ETF (ARKY)
2. First Trust Commercial Mortgage Opportunities ETF (CAAA)
3. VanEck ChiNext ETF (CNXT)
4. iShares Focused Value Factor ETF (FOVL)
5. Innovator International Developed Power Buffer ETF - March (IMAR)
6. IREIT - Marketvector Quality REIT Index ETF (IRET)
7. iShares LifePath Target Date 2045 ETF (ITDE)
8. Fundamentals First ETF (KNOW)
9. Formidable Fortress ETF (KONG)
10. Innovator Premium Income 15 Buffer ETF-October (LOCT)
11. Roundhill Daily Inverse Magnificent Seven ETF (MAGQ)
12. AllianzIM US Large Cap Buffer10 May ETF (MAYT)
13. Matthews Emerging Markets Discovery Active ETF (MEMS)
14. PGIM US Large-Cap Buffer 12 ETF - March (MRCP)
15. Miller Value Partners Leverage ETF (MVPL)
16. Nuveen Sustainable Core ETF (NSCR)
17. PGIM US Large-Cap Buffer 20 ETF - March (PBMR)
18. Polen Capital China Growth ETF (PCCE)
19. First Trust Structured Credit Income Opportunities ETF (SCIO)
20. Swan Enhanced Dividend Income ETF (SCLZ)
21. Global X Information Technology Covered Call & Growth ETF (TYLG)
22. WisdomTree 1-3 Year Laddered Treasury Fund (USSH)

ETPs added to ETF Deathwatch for August due to low AUM:

1. Foundations Dynamic Value ETF (FDVL)
2. Direxion Daily Magnificent 7 Bear 1X Shares (QQQD)
3. WisdomTree 7-10 Year Laddered Treasury Fund (USIN)

ETPs removed from ETF Deathwatch due to delisting:

1. BlackRock Future Climate and Sustainable Economy ETF (BECO)
2. BlackRock Future Tech ETF (BTEK)
3. Amplify Treatments Testing & Advancements ETF (GERM)
4. iShares MSCI Intl Size Factor ETF (ISZE)
5. iShares Virtual Work and Life Multisector ETF (IWFH)
6. Amplify Inflation Fighter ETF (IWIN)
7. iShares Trust iShares USD Systematic Bond ETF (USBF)

ETPs removed from ETF Deathwatch due to improved health:

1. First Trust Active Factor Large Cap ETF (AFLG)
2. Franklin Emerging Market Core Dividend Tilt Index ETF (DIEM)
3. Goldman Sachs ActiveBeta Japan Equity ETF (GSJY)
4. Matthews India Active ETF (INDE)
5. KraneShares Asia Pacific High Income USD Bond ETF (KHYB)
6. Amplify Natural Resources Dividend Income ETF (NDIV)
7. InfraCap Small Cap Income ETF (SCAP)
8. Tidal ETF Trust - SoFi Social 50 ETF (SFYF)
9. TrueShares Structured Outcome August ETF (AUGZ)
10. JPMorgan BetaBuilders US Treasury Bond 20+ Year ETF (BBLB)
11. Fidelity Investment Grade Securitized ETF (FSEC)
12. First Trust Core Investment Grade ETF (FTCB)
13. GGM Macro Alignment ETF (GGM)
14. CP High Yield Trend ETF (HYTR)
15. FIS Knights of Columbus Global Belief ETF (KOCG)
16. Pacer Swan SOS Conservative July ETF (PSCJ)
17. Syntax Stratified US Total Market ETF (SYUS)