Week of November 25, 2024 KPI Summary
The ETF industry had a sluggish Thanksgiving week, highlighted by 5 ETF closures.
- The current *1 Year ETF Open-to-Close ratio* dipped to 3.55.
- The *total number of US ETFs* also fell to 3,848.
Our *Toroso ETF Industry Index*, which tracks companies generating revenue from the ETF ecosystem, rose 1.19% last week, outperforming the S&P Financial Select Sector Index, which rose by 1.11%.
ETF activity from the past week includes:
Roundhill closes 4 Funds: The delisting of several Roundhill ETFs, including LNGG (Roundhill Alerian LNG ETF), MAGQ (Roundhill Daily Inverse Mag Seven ETF), KNGS (Roundhill S&P Dividend Monarchs ETF), and LUXX (Roundhill S&P Global Luxury ETF), highlight the challenges niche ETFs can face in maintaining sufficient AUM and trading volume.
Arch Indices Delists: Arch Indices has withdrawn its sole fund, the Arch Indices VOI Absolute Income ETF (VWI), from the market. This ETF aimed to optimize income generation while reducing volatility through a proprietary weighting strategy.
ETF Launches
None
ETF Closures
Arch Indices VOI Absolute Income ETF (VWI )
Roundhill Alerian LNG ETF (LNGG )
Roundhill Daily Inverse Magnificent Seven ETF (MAGQ )
Roundhill S&P Dividend Monarchs ETF (KNGS )
Roundhill S&P Global Luxury ETF (LUXX )
Fund/Ticker Changes
None
TETF.Index Performance vs. S&P Financial Select Sector Index (as of November 29, 2024)
TETF.Index Performance vs. Other Leading Financial Indices (3/31, 2017 through 11/29, 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.
By Justin Graiber
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