##  [# Odds & Ends: ETF Launches & Closures Pick Up ](/sections/daily-etf-watch/odds-ends-etf-launches-closures-pick) 

 

# Odds & Ends: ETF Launches & Closures Pick Up 

 

 

 The new funds include an ETF tracking high quality collateralized loan obligations from BlackRock.



 

 

 

 

 [![HeatherBell_green_bg](/sites/default/files/styles/author_image_icon/public/2023-03/heather2.png?itok=5J9vBlda)](/contributors/heather-bell) 

[By Heather Bell](/contributors/heather-bell)

 Jan 13, 2023

 Edited by: Heather Bell

 

 

     Share  <a class="a2a a2a_button_email"> Email </a><a class="a2a a2a_button_linkedin"> LinkedIn </a><a class="a2a a2a_button_facebook"> Facebook </a><a class="a2a a2a_button_x"> X (Twitter) </a> 

 

 

 

 

 

 

 

 

  
            googletag.cmd.push(function() {
                googletag.display('js-dfp-tag-article_page_302x26');
            });
    
    

 

 

  

 



 

 

  Loading 

 

 



 

 

The second trading week of the year remained somewhat muted but still featured six exchange-traded fund launches and five completed closures after the first week featured just one of each.

Among the launches was the Thursday debut of the [**BlackRock AAA CLO ETF (CLOA)**](https://www.sec.gov/Archives/edgar/data/1804196/000119312522301756/d862568d497k.htm), an actively managed fund that invests in high quality collateralized loan obligations, mainly those with the highest possible rating. CLOs are a type of debt backed by a pool of business loans and issued in tranches determined by the quality of the underlying assets. CLOA lists on the Nasdaq and comes with an expense ratio of 0.20%.

That same day, KraneShares rolled out an actively managed covered call fund targeting China’s internet industry. The [**KraneShares China Internet and Covered Call Strategy ETF (KLIP)**](https://www.sec.gov/Archives/edgar/data/1547576/000182912623000700/kraneshares_485bpos.htm) invests in the holdings of the CSI Overseas China Internet Index while writing covered calls on the index. The benchmark also underlies the $7.6 billion [**KraneShares CSI China Internet ETF (KWEB)**](https://www.etf.com/kweb), which is a popular but highly volatile fund. Covered call strategies generally provide income and some downside protection. KLIP has an expense ratio of 0.95% and lists on the NYSE Arca.

And on Wednesday, the [**Mohr Sector Navigator ETF (ENAV)**](https://www.sec.gov/Archives/edgar/data/1719812/000138713122012899/mohr-485bpos_123022.htm) hit the market. It makes tactical allocations to the sectors of the S&amp;P 500 Index by investing in other ETFs covering those sectors, but it can rebalance them to equal weightings whenever an individual sector’s weight ranges from 12% to just under 20%. The prospectus says ENAV will mainly use ETFs provided by Vanguard or State Street Global Advisors. The fund has an expense ratio of 0.98% and lists on Cboe Global Markets.

**Closures**

Five ETFs also completed their closures during the week. On Monday, the [**PGIM Quant Solutions Strategic Alpha International Equity ETF (PQIN)**](https://www.etf.com/PQIN) saw its last day of trading, while the [**Capital Link Global Green Energy Transport and Technology Leaders ETF (EKAR)**](https://www.etf.com/EKAR) ceased to trade after markets closed on Wednesday. Three more ETFs are set to close after trading ends today, including the [**AXS De-SPAC ETF (DSPC)**](https://www.etf.com/DSPC), the [**AXS FOMO ETF (FOMO)**](https://www.etf.com/FOMO) and the [**First Trust Chindia ETF (FNI)**](https://www.etf.com/FNI). DSPC and FOMO both launched in 2021, while FNI launched in 2007.

Another closure was announced during the week. The [**Volt Crypto Industry and Equity ETF (BTCR)**](https://www.etf.com/btcr), which debuted in October 2021, is set to close after the end of trading on Jan 17.

**A Change to a Strive ETF**

There was also one change to an existing fund announced this week. The $3.8 million [**Strive 2000 ETF (STXK)**](https://www.etf.com/stxk) will change its name to the Strive Small-Cap ETF and switch its index from the Bloomberg US 2000 Index to the Bloomberg US 600 Index as of Jan. 25.

*Contact Heather Bell at* [*heather.bell@etf.com*](mailto:heather.bell@etf.com)



 

 

 [ Heather Bell ](/contributors/heather-bell) 

 

 

  Heather Bell is a former managing editor of etf.com. She has also held editorial positions at Dow Jones Indexes and Lehman Brothers. Bell is a…   [View Bio](/contributors/heather-bell)

 



 

 


 Related Topics  [Fixed Income](http://www.etf.com/topics/fixed-income) 

 [Active Management](http://www.etf.com/topics/active-management) 

 [Internet](http://www.etf.com/topics/internet) 

 [China](http://www.etf.com/topics/china)