Free Investing

Ron Rowland submits:The number of funds on ETF Deathwatch jumped 13% to 128 this month from 113 in November. The count consists of 88 ETFs and 40 ETNs that failed to generate at least $100,000 in average daily value traded (ADVT) for the past month. E-TRACS CMCI Short Platinum Excess Return (PTD) headed the list for the fourth month in a row. PTD saw action on only one day in November and it was for only 100 shares. So far in 2009 PTD has only traded on 33 days. In the August-November period it traded on just 10 days for a cumulative volume of 1,100 shares while posting 74 days of zero volume. Its highest volume day during that four-month span was just 300 shares.Complete Story »

Ron Rowland submits:The number of funds on ETF Deathwatch jumped 13% to 128 this month from 113 in November. The count consists of 88 ETFs and 40 ETNs that failed to generate at least $100,000 in average daily value traded (ADVT) for the past month. E-TRACS CMCI Short Platinum Excess Return (PTD) headed the list for the fourth month in a row. PTD saw action on only one day in November and it was for only 100 shares. So far in 2009 PTD has only traded on 33 days. In the August-November period it traded on just 10 days for a cumulative volume of 1,100 shares while posting 74 days of zero volume. Its highest volume day during that four-month span was just 300 shares.Complete Story »

Ron Rowland submits:The number of exchange-traded products on Deathwatch increased for the first time in five months. This month’s list of 142 names is up from 134 last month while still remaining below the record high of 171 in March. The current list consists of 105 ETFs and 37 ETNs that are at least six months old and failed to have an Average Daily Value Traded (ADVT) of at least $100,000 during July. Claymore/Morningstar Information Super Sector Index ETF (MZN) tops the list this month. It only managed to trade a measly 45 shares per day on average. This translates to an ADVT of just $813. A closer look reveals that all of its trading took place on just two days, with 896 shares changing hands on July 1 and 100 more shares on July 21. The other 20 trading days it showed up in the zero volume reports.Complete Story »