The average trading volume for a fund may affect more than the bid/ask spread—it can also be a signal of an ETF at risk of closing. Those worried about issues relating to low liquidity should keep an eye out for alternatives to these emerging markets ETFs, according to an article on Emerging Money.

Here are the three ETFs outlined in the article:

• IQ South Korea Small Cap ETF (NYSEArca: SKOR), which indeed is closing next month
• Direxion Daily BRIC Bear 3x Shares (NYSEArca: BRIS)
• iShares MSCI China Small Cap Index Fund (NYSEArca: ECNS)

The average volume for SKOR, BRIS and ECNS are 780.4, 3,200 and 1,800 shares, respectively, reports Emerging Money.

For additional information on the funds listed, go to EmergingMoney.com.