However, some of this top-performing non-leveraged ETFs are neither large nor heavily traded. Take the Market Vectors Solar Energy ETF (NYSEArca: KWT) as one example. KWT is up more than 44% year-to-date, but has average daily turnover of less than 3,900 shares. Boosted by its exposure to Tesla (NasdaqGM: TSLA), the Market Vectors Global Alternative Energy ETF (NYSEArca: GEX) has surged this year, but only trades an average of 12,520 shares per day. [Tesla Leads This ETF’s Surge]
“For the purposes of the pilot program, ETP Issuers are limited to choosing up to 5 securities that are already listed on NYSE Arca, as well as any new securities that launch during the pilot program’s duration. Securities which have a Consolidated Average Daily Volume of greater than 1 million shares for the preceding 3 months, have suspended creations/redemptions or are ETNs are not eligible for this pilot program,” said Ryan Kirlin of NYSE Euronext’s global index and exchange traded products group.
Market Vectors Global Alternative Energy ETF
ETF Trends editorial team contributed to this post. Tom Lydon’s clients own shares of GLD and SPY.
