Market insights and analysis

In November, 38 exchange-traded products (“ETPs”) were added to the ETF Deathwatch list and 37 were removed, bringing the total up to 526.

Among the additions, 37 were due to low trading volume. The low volume could be due to the nature of their investment product. One addition was due to low assets under management (“AUM”). Our system takes into account both AUM and volume. If both remain low, these funds could be considered for closure.

Ten products were removed due to delisting, and 27 products were removed due to improved health.

Forty-two 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 increased from $8.73 million to $9.07 million, and 49 products had less than $2 million in assets. The average age of products on the list increased from 42.71 months to 42.73 months, and the number of products at least 5 years of age decreased from 96 to 95. The largest ETP on the list had an AUM of $24.77 million, while the smallest had assets of just $80,160.

Here is the complete list of 526 ETPs on ETF Deathwatch for November 2024 compiled using the objective ETF Deathwatch Criteria.

ETPs added to ETF Deathwatch due to low trading volume:

1. Direxion Daily AI and Big Data Bear 2X Shares (AIBD)
2. TrueShares Structured Outcome April ETF (APRZ)
3. Virtus AlphaSimplex Managed Futures ETF (ASMF)
4. iShares Large Cap Growth Active ETF (BGRO)
5. Invesco BulletShares 2032 High Yield Corporate Bond ETF (BSJW)
6. Calamos CEF Income & Arbitrage ETF (CCEF)
7. Franklin Emerging Market Core Dividend Tilt Index ETF (DIEM)
8. Fidelity Fundamental Large Cap Value ETF (FFLV)
9. AllianzIM US Equity 6 Month Floor5 Apr/Oct ETF (FLAO)
10. AllianzIM US Equity 6 Month Floor5 Jan/Jul ETF (FLJJ)
11. Goldman Sachs Future Health Care Equity ETF (GDOC)
12. Genter Capital Municipal Quality Intermediate ETF (GENM)
13. iShares iBonds Dec 2054 Term Treasury ETF (IBGK)
14. ETRACS 2x Leveraged US Value Factor TR ETN (IWDL)
15. ETRACS 2x Leveraged US Growth Factor TR ETF (IWFL)
16. JPMorgan Active Developing Markets Equity ETF (JADE)
17. AllianzIM US Equity Buffer15 Uncapped Jun ETF (JNEU)
18. PGIM US Large-Cap Buffer 12 ETF - June (JUNP)
19. ETRACS Quarterly Pay 1.5X Leveraged Alerian MLP Index ETN (MLPR)
20. Amplify Natural Resources Dividend Income ETF (NDIV)
21. PGIM US Large-Cap Buffer 12 ETF - November (NOVP)
22. Otter Creek Focus Strategy ETF (OCFS)
23. PGIM US Large-Cap Buffer 20 ETF - December (PBDE)
24. PGIM US Large-Cap Buffer 20 ETF - June (PBJN)
25. PGIM US Large-Cap Buffer 20 ETF - September (PBSE)
26. PGIM Jennison Better Future ETF (PJBF)
27. ETRACS 2x Leveraged MSCI US Quality Factor TR ETN (QULL)
28. ETRACS 2x Leveraged US Dividend Factor TR ETN (SCDL)
29. Performance Trust Short Term Bond ETF (STBF)
30. Amplify Weight Loss Drug & Treatment ETF (THNR)
31. iShares U.S. Thematic Rotation Active ETF (THRO)
32. Cambria Tactical Yield ETF (TYLD)
33. ETRACS UBS Bloomberg Constant Maturity Commodity Indx CMCI Total Return ETN Se B (UCIB)
34. ETRACS 2x Leveraged MSCI US Minimum Volatility Factor TR ETN (USML)
35. Alpha Architect Value Momentum Trend ETF (VMOT)
36. Peerless Option Income Wheel ETF (WEEL)
37. FT Vest US Equity Enhance & Moderate Buffer ETF - May (XMAY)

ETP added to ETF Deathwatch due to low AUM:

1. Defiance Daily Target 2X Long Uranium ETF (URAX)

ETPs removed from ETF Deathwatch due to delisting:

1. iShares U.S. Thematic Rotation Active ETF (BTHM)
2. Tortoise Global Water ESG Fund (EBLU)
3. IQ Engender Equality ETF (EQUL)
4. ETRACS 2x Leveraged MSCI US ESG Focus TR ETN (ESUS)
5. Grayscale Future of Finance ETF (GFOF)
6. Roundhill S&P Dividend Monarchs ETF (KNGS)
7. Roundhill Alerian LNG ETF (LNGG)
8. Roundhill S&P Global Luxury ETF (LUXX)
9. Roundhill Daily Inverse Magnificent Seven ETF (MAGQ)
10. Arch Indices VOI Absolute Income ETF (VWI)

ETPs removed from ETF Deathwatch due to improved health:

1. AdvisorShares Dorsey Wright ADR ETF (AADR)
2. iShares Focused Value Factor ETF (FOVL)
3. AB US High Dividend ETF (HIDV)
4. Hartford US Quality Growth ETF (HQGO)
5. iShares iBonds Oct 2025 Term TIPS ETF (IBIB)
6. iShares iBonds Oct 2026 Term TIPS ETF (IBIC)
7. iShares iBonds Oct 2027 Term TIPS ETF (IBID)
8. iShares iBonds Oct 2028 Term TIPS ETF (IBIE)
9. Innovator International Developed Power Buffer ETF - March (IMAR)
10. TrueShares Structured Outcome January ETF (JANZ)
11. Point Bridge America First ETF (MAGA)
12. Pacer Swan SOS Conservative October ETF (PSCQ)
13. Pacer Swan SOS Flex April ETF (PSFM)
14. Schwab Ariel ESG ETF (SAEF)
15. ProShares UltraShort SmallCap600 (SDD)
16. Hartford US Value ETF (VMAX)
17. WisdomTree Bianco Total Return Fund (WTBN)
18. F/m 2-Year Investment Grade Corporate Bond ETF (ZTWO)
19. First Trust China AlphaDEX Fund (FCA)
20. Fidelity Real Estate Investment ETF (FPRO)
21. iShares LifePath Retirement ETF (IRTR)
22. iShares LifePath Target Date 2030 ETF (ITDB)
23. Matthews Emerging Markets Discovery Active ETF (MEMS)
24. VanEck Moody's Analytics IG Corporate Bond ETF (MIG)
25. Nuveen ESG Dividend ETF (NUDV)
26. Innovator Premium Income 20 Barrier ETF - October (OCTH)
27. Innovator Premium Income 30 Barrier ETF - October (OCTJ)