Market insights and analysis

In September, 30 exchange-traded products (“ETPs”) were added to the ETF Deathwatch list and 26 were removed, bringing the total up to 518.

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

Seven products were removed due to delisting, and 19 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 $8.55 million to $8.48 million, and 64 products had less than $2 million in assets. The average age of products on the list decreased from 43.51 months to 43.08 months, and the number of products at least 5 years of age decreased from 97 to 96. The largest ETP on the list had an AUM of $24.70 million, while the smallest had assets of just $111,600.

Here is the complete list of 518 ETPs on ETF Deathwatch for September 2024 compiled using the objective ETF Deathwatch Criteria.

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

1. PGIM US Large-Cap Buffer 12 ETF - April (APRP)
2. Innovator Premium Income 40 Barrier ETF - April (APRQ)
3. Themes Robotics & Automation ETF (BOTT)
4. Global X Bitcoin Trend Strategy ETF (BTRN)
5. Carbon Collective Short Duration Green Bond ETF (CCSB)
6. Pacer Developed Markets Cash Cows Growth Leaders ETF (EAFG)
7. FT Vest Dow Jones Internet & Target Income ETF (FDND)
8. Formidable ETF (FORH)
9. Fidelity Yield Enhanced Equity ETF (FYEE)
10. iPath Series B Carbon ETN (GRN)
11. Invesco S&P Smallcap 600 GARP ETF (GRPZ)
12. Innovator Premium Income 9 Buffer ETF - April (HAPR)
13. iShares Energy Storage & Materials ETF (IBAT)
14. Innovator International Developed Power Buffer ETF - February (IFEB)
15. Innovator Premium Income 15 Buffer ETF - April (LAPR)
16. Innovator Premium Income 15 Buffer ETF - January (LJAN)
17. TrueShares Structured Outcome March ETF (MARZ)
18. VanEck Morningstar Wide Moat Growth ETF (MGRO)
19. VanEck Morningstar Wide Moat Value ETF (MVAL)
20. Nuveen Dividend Growth ETF (NDVG)
21. Simplify Next Intangible Core Index ETF (NXTI)
22. Simplify Next Intangible Value Index ETF (NXTV)
23. Range Global Offshore Oil Services Index ETF (OFOS)
24. Obra Opportunistic Structured Products ETF (OOSP)
25. Overlay Shares Municipal Bond ETF (OVM)
26. PGIM US Large-Cap Buffer 20 ETF - Apr (PBAP)
27. Innovator ETFs Trust - Innovator Growth Accelerated Plus ETF - April (QTAP)
28. Hartford Multifactor International Small Company ETF (ROIS)
29. ProShares Ultra Euro (ULE)
30. Global X MSCI Vietnam ETF (VNAM)

ETPs removed from ETF Deathwatch due to delisting:

1. Blue Horizon New Energy Economy100 ETF (BNE)
2. Goose Hollow Enhanced Equity ETF (GHEE)
3. KraneShares S&P Pan Asia Dividend Aristocrats ETF (KDIV)
4. KraneShares CICC China 5G and Semiconductor Index ETF (KFVG)
5. Natixis Loomis Sayles Short Duration Income ETF (LSST)
6. Teucrium Aila Long-Short Agriculture ETF (OAIA)
7. Innovator Hedged TSLA ETF (TSLH)

ETPs removed from ETF Deathwatch due to improved health:

1. First Trust Active Factor Small Cap ETF (AFSM)
2. Alger 35 ETF (ATFV)
3. Direxion Daily Electric & Autonomous Vehicles Bull 2X Shares (EVAV)
4. MicroSectors Travel 3X Leveraged ETN (FLYU)
5. WisdomTree Efficient Gold Plus Gold Miners Strategy Fund (GDMN)
6. Invesco S&P SmallCap Financials ETF (PSCF)
7. Qraft AI-Enhanced US Large Cap ETF (QRFT)
8. ProShares Short SmallCap600 (SBB)
9. US Treasury 3 Year Note ETF (UTRE)
10. MicroSectors Energy 3X Leveraged ETN (WTIU)
11. F/m 10-Year Investment Grade Corporate Bond ETF (ZTEN)
12. Xtrackers Harvest CSI 500 China A-Shares Small Cap ETF (ASHS)
13. VanEck China Bond ETF (CBON)
14. Matthews Emerging Markets Sustainable Future Active ETF (EMSF)
15. Eaton Vance Intermediate Municipal Income ETF (EVIM)
16. NYLI MacKay California Muni Intermediate ETF (MMCA)
17. AllianzIM US Large Cap Buffer10 Sep ETF (SEPT)
18. TrueShares Structured Outcome September ETF (SEPZ)
19. BondBloxx USD High Yield Bond Consumer Non-Cyclicals Sector ET