Market insights and analysis

In October, 32 exchange-traded products (“ETPs”) were added to the ETF Deathwatch list and 25 were removed, bringing the total up to 525.

Among the additions, 30 were due to low trading volume. The low volume in these products could be due to the nature of their investment product. Two additions were 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.

Sixteen products were removed due to delisting, and nine 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 increased from $8.48 million to $8.73 million, and 57 products had less than $2 million in assets. The average age of products on the list decreased from 43.08 months to 42.71 months, and the number of products at least 5 years of age remained at 96. The largest ETP on the list had an AUM of $24.96 million, while the smallest had assets of just $42,190.

Here is the complete list of 525 ETPs on ETF Deathwatch for October 2024 compiled using the objective ETF Deathwatch Criteria.

ETPs added to ETF Deathwatch due to low trading volume:

1. AdvisorShares Dorsey Wright ADR ETF (AADR)
2. Themes Silver Miners ETF (AGMI)
3. PGIM US Large-Cap Buffer 12 ETF - August (AUGP)
4. BondBloxx BBB Rated 10+ Year Corporate Bond ETF (BBBL)
5. ETRACS Quarterly Pay 1.5x Leveraged MarketVector BDC Liquid Index ETN (BDCX)
6. ETRACS MarketVector Business Development Companies Liquid Index ETN (BDCZ)
7. JPMorgan Sustainable Infrastructure ETF (BLLD)
8. Range Cancer Therapeutics ETF (CNCR)
9. Tortoise Global Water ESG Fund (EBLU)
10. ETRACS 2x Leveraged MSCI US ESG Focus TR ETN (ESUS)
11. GGM Macro Alignment ETF (GGM)
12. Goose Hollow Multi-Strategy Income ETF (GHMS)
13. iShares iBonds Oct 2027 Term TIPS ETF (IBID)
14. iShares iBonds Oct 2029 Term TIPS ETF (IBIF)
15. Innovator International Developed Power Buffer ETF - May (IMAY)
16. PGIM US Large-Cap Buffer 12 ETF - July (JULP)
17. PGIM US Large-Cap Buffer 12 ETF - May (MAYP)
18. AllianzIM US Equity Buffer15 Uncapped May ETF (MAYU)
19. ETRACS 2x Leveraged MSCI US Momentum Factor TR ETN (MTUL)
20. PGIM US Large-Cap Buffer 20 ETF - July (PBJL)
21. PGIM US Large-Cap Buffer 20 ETF - May (PBMY)
22. Invesco S&P SmallCap Materials ETF (PSCM)
23. PeakShares Sector Rotation ETF (PSTR)
24. Global X S&P 500 Quality Dividend Covered Call ETF (QDCC)
25. RiverFront Dynamic Core Income ETF (RFCI)
26. First Trust Bloomberg R&D Leaders ETF (RND)
27. SPDR S&P Kensho Intelligent Structures ETF (SIMS)
28. Strive Mid-Cap ETF (STXM)
29. Westwood Salient Enhanced Energy Income ETF (WEEI)
30. FT Vest US Equity Buffer & Premium Income ETF - December (XIDE)

ETPs added to ETF Deathwatch due to low AUM:

1. Innovator Premium Income 40 Barrier ETF - January (JANQ)
2. PGIM US Large-Cap Buffer 20 ETF - August (PBAU)

ETPs removed from ETF Deathwatch due to delisting:

1. Pacer CSOP FTSE China A50 ETF (AFTY)
2. USCF Aluminum Strategy Fund (ALUM)
3. JPMorgan BetaBuilders US TIPS 0-5 Year ETF (BBIP)
4. JPMorgan BetaBuilders 1-5 Year US Aggregate Bond ETF (BBSA)
5. ClearBridge Focus Value ESG ETF (CFCV)
6. VictoryShares International High Div Volatility Wtd ETF (CID)
7. AAM S&P Developed Markets High Dividend Value ETF (DMDV)
8. AAM S&P Emerging Markets High Dividend Value ETF (EEMD)
9. Procure Disaster Recovery ETF (FIXT)
10. iShares iBonds Oct 2024 Term TIPS ETF (IBIA)
11. VanEck Dynamic High Income ETF (INC)
12. ALPS Global Travel Beneficiaries ETF (JRNY)
13. SmartETFs Advertising & Marketing Technology ETF (MRAD)
14. Nuveen Global Net Zero Transition ETF (NTZG)
15. Janus Henderson International Sustainable Equity ETF (SXUS)
16. Pacer Biothreat ETF (VIRS)

ETPs removed from ETF Deathwatch due to improved health:

1. JPMorgan BetaBuilders US Treasury Bond 3-10 Year ETF (BBIB)
2. Strategy Shares Gold-Hedged Bond ETF (GOLY)
3. Simplify Commodities Strategy NO K-1 ETF (HARD)
4. Residential REIT ETF (HAUS)
5. Direxion Daily Travel & Vacation Bull 2X Shares (OOTO)
6. VanEck ChiNext ETF (CNXT)
7. First Trust Dividend Strength (FTDS)
8. AllianzIM US Large Cap Buffer10 Nov Etf (NVBT)
9. Overlay Shares Municipal Bond ETF (OVM)