Week of September 2, 2024 KPI Summary
During the first week of September, the ETF industry saw 30 new launches and 7 fund closures.
- Last week’s 30 launches were the most in 2024, offsetting a quiet spell two weeks ago.
- The 1 Year ETF Open-to-Close ratio sits at 3.19.
- The total number of US ETFs has risen to 3,692
Our Toroso ETF Industry Index, which tracks companies generating revenue from the ETF ecosystem, fell 3.54% last week, underperforming the S&P Financial Select Sector Index, which fell by 3.15%.
ETF activity from the past week includes:
- Tradr Resets the Leveraged ETF Market: Tradr launches a new innovative ‘Calendar Reset Leveraged ETFs’ series. Unlike traditional daily leveraged ETFs, these six funds reset their performance benchmarks on a weekly or monthly cycle, providing a more flexible alternative for investors. This approach moves beyond the single-day focus of traditional leveraged ETFs, which are geared towards day traders seeking amplified returns for just one day. Looking ahead, Tradr will expand its offerings with the introduction of quarter-reset ETFs on October 1, further enhancing its Calendar Reset Leveraged ETFs suite.
- S&P 500: 2x Long Weekly (SPYB) and 2x Long Monthly (SPYM)
- Nasdaq 100: 2x Long Weekly (QQQW) and 2x Long Monthly (MQQQ)
- Semi-conductors: 2x Long Weekly (SOXW) and 2x Long Monthly (SOXM)
- Roundhill offers income to Ethereum: Roundhill launches the Roundhill Ether Covered Call Strategy ETF (YETH), a pioneering investment solution that combines Ethereum exposure with a covered call strategy. YETH aims to deliver a regular income stream while tracking the price movements of ether, providing an innovative alternative for investors. Notably, Roundhill becomes the first U.S. ETF issuer to offer income-focused strategies for both Bitcoin and Ether, reinforcing its reputation as an innovator in the ETF space.
- MicroSectors & Amplify close a combined seven funds:
- MicroSectors, an ETF provider with 15 funds and around $6 billion in AUM, has closed two leveraged ETFs targeting specific industries
- US Big Banks 3x leveraged (BNKU) and US Big Banks -3x Inverse (BNKD)
- US Big Oil 3x leveraged (NRGU) and US Big Oil -3x Inverse (NRGD)
- Amplify, an ETF issuer with 31 funds and $9 billion in AUM, has liquidated three thematic ETFs from its lineup
- Amplify Emerging Markets FinTech ETF (EMFQ)
- Amplify Treatments, Testing and Advancements ETF (GERM)
- Amplify Inflation Fighter ETF (IWIN)
ETF Launches
AllianzIM U.S. Equity Buffer15 Uncapped September ETF (ticker: SEPU)
Calamos Nasdaq-100 Structured Alt Protection ETF – September (ticker: CPNS)
Calamos S&P 500 Structured Alt Protection ETF – September (ticker: CPST)
Columbia Short Duration High Yield ETF (ticker: HYSD)
Columbia U.S. High Yield ETF (ticker: NJNK)
GraniteShares 1x Short COIN Daily ETF (ticker: CONI)
GraniteShares 2x Long PLTR Daily ETF (ticker: PTIR)
GraniteShares 2x Long UBER Daily ETF (ticker: UBRL)
Harbor AlphaEdge Large Cap Value ETF (ticker: VLLU)
Harbor AlphaEdge Next Generation REITs ETF (ticker: AREA)
Innovator Equity Defined Protection ETF – 1 Year September (ticker: ZSEP)
Innovator Growth-100 Power Buffer ETF – September (ticker: NSEP)
Innovator U.S. Small Cap Power Buffer ETF – September (ticker: KSEP)
iShares MSCI Emerging Markets Quality Factor ETF (ticker: EQLT)
iShares MSCI Emerging Markets Value Factor ETF (ticker: EVLU)
Kensington Hedged Premium Income ETF (ticker: KHPI)
Macquarie Focused Emerging Markets Equity ETF (ticker: EMEQ)
ProShares Russell 2000 High Income ETF (ticker: ITWO)
Roundhill Ether Covered Call Strategy ETF (ticker: YETH)
SPDR Bloomberg Enhanced Roll Yield Commodity Strategy No K-1 ETF (ticker: CERY)
SPDR S&P Emerging Markets ex-China ETF (ticker: XCNY)
SPDR SSGA US Equity Premium Income ETF (ticker: SPIN)
Tradr 1.5X Long TSLA Weekly ETF (ticker: TSLW)
Tradr 1.75X Long NVDA Weekly ETF (ticker: NVDW)
Tradr 2X Long SOXX Monthly ETF (ticker: SOXM)
Tradr 2X Long SOXX Weekly ETF (ticker: SOXW)
Tradr 2X Long SPY Monthly ETF (ticker: SPYM)
Tradr 2X Long SPY Weekly ETF (ticker: SPYB)
Tradr 2X Long Triple Q Monthly ETF (ticker: MQQQ)
Tradr 2X Long Triple Q Weekly ETF (ticker: QQQW)
ETF Closures
MicroSectors US Big Banks 3X Inverse Leverated ETN (ticker: BNKD)
MicroSectors US Big Banks 3X Leveraged ETN (ticker: BNKU)
Amplify Emerging Markets FinTech ETF (ticker: EMFQ)
Amplify Treatments Testing and Advancements ETF (ticker: GERM)
Amplify Inflation Fighter ETF (ticker: IWIN)
MicroSectors US Big Oil -3X Inverse Leveraged ETN (ticker: NRGD)
MicroSectors US Big Oil 3X Leveraged ETN (ticker: NRGU)
Fund/Ticker Changes
None
TETF.Index Performance vs. S&P Financial Select Sector Index
(as of September 6, 2024)
TETF.Index Performance vs. Other Leading Financial Indices
(March 31, 2017 through September 6, 2024)
Why Follow the ETF Industry KPIs
The team at Tidal Investments, originally operating as Toroso Investments, began tracking the ETF Industry Key Performance Indicators (KPIs) in the early 2000s and have been consistently reporting on, and analyzing these metrics ever since. This diligent tracking was the catalyst for the creation of the TETF.Index, an index that tracks the ETF industry. Now, as part of the Tidal Financial Group, which is affiliated with Tidal Investments, LLC, we are positioned to provide even more in-depth analysis and insights. Each week, we will share the statistics we believe to be the most useful for identifying industry trends, in addition to the performance of the TETF.Index.
DISCLAIMER
Past performance is no guarantee of future returns. This article is for informational and educational purposes only; is not intended to constitute legal, tax, accounting, or investment advice; and does not constitute an offer to sell or a solicitation of an offer to buy any security or service. Furthermore, the Indexes shown above are not investable. While Tidal Investments, LLC (formerly known as Toroso Investments, LLC) has gathered the information presented from sources that it believes to be reliable, Tidal Investments, LLC cannot guarantee the accuracy or completeness of the information presented and the information presented should not be relied upon as such. Any opinions expressed are Tidal Investments, LLC’s opinions and do not reflect the opinions of any affiliates or related persons. All opinions are current only as of the date of initial publication and are subject to change without notice. All investment strategies and investments involve risk of loss, including the possible loss of all amounts invested.
