## [# ETF Odds & Ends: FANG+ ETNs Split ](/sections/daily-etf-watch/etf-odds-ends-fang-etns-split) # ETF Odds & Ends: FANG+ ETNs Split Also, the Select Sector SPDRs had their expense ratios lowered by 1 basis point. [![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) Feb 08, 2021 Edited by: Heather Bell Share Email LinkedIn Facebook X (Twitter) googletag.cmd.push(function() { googletag.display('js-dfp-tag-article_page_302x26'); }); Loading After seeing dramatic price increases over the past 12 months, three ETNs covering the FANG stocks and their peers are set to undergo forward splits effective Feb. 12. The $212 million [**MicroSectors FANG+ Index 2X Leveraged ETNs due January 8, 2038 (FNGO)**](https://www.etf.com/fngo) will undergo a 5-for-1 split, while the $71 million [**MicroSectors FANG+ ETNs due January 8, 2038 (FNGS)**](https://www.etf.com/fngs) will undergo a 4-for-1 split. The $1.5 billion [**MicroSectors FANG+ Index 3X Leveraged ETNs due January 8, 2038 (FNGU)**](https://www.etf.com/fngu) will undergo a 10-for-1 split. Splits were also announced for other ETFs in the future, including five funds offered by Direxion. Those splits are effective March 1: - The [**Direxion Daily S&P 500 High Beta Bull 3x Shares (HIBL)**](https://www.etf.com/hibl) will undergo a 7-for-1 forward split. - The [**Direxion Daily Technology Bull 3X Shares (TECL)**](https://www.etf.com/tecl) will undego a 10-for-1 forward split. - The [**Direxion Daily Semiconductor Bull 3X Shares (SOXL)**](https://www.etf.com/soxl) will undergo a 15-for-1 forward split. - The [**Direxion Daily Financial Bear 3X Shares (FAZ)**](https://www.etf.com/faz) will undergo a 1-for-8 reverse split. - The [**Direxion Daily Small Cap Bear 3X Shares (TZA)**](https://www.etf.com/tza) will undergo a 1-for-8 reverse split. And on March 15, DBX Advisors is expected to propose for board approval a 5-to-4 forward split for the **[Xtrackers USD High Yield Corporate Bond ETF (HYLB)](https://www.etf.com/hylb).** **Expense Ratio Changes** Meanwhile, all 11 of the Select Sector SPDR ETFs saw their expense ratios reduced from 0.13% to 0.12% as of Jan. 31. The affected funds are as follows: - [**Materials Select Sector SPDR Fund (XLB)**](https://www.etf.com/xlb) - [**Communication Services Select Sector SPDR Fund (XLC)**](https://www.etf.com/xlc) - [**Energy Select Sector SPDR Fund (XLE)**](https://www.etf.com/xle) - [**Financial Select Sector SPDR Fund (XLF)**](https://www.etf.com/xlf) - [**Industrial Select Sector SPDR Fund (XLI)**](https://www.etf.com/xli) - [**Technology Select Sector SPDR Fund (XLK)**](https://www.etf.com/xlk) - [**Consumer Staples Select Sector SPDR Fund (XLP)**](https://www.etf.com/xlp) - [**Real Estate Select Sector SPDR Fund (XLRE)**](https://www.etf.com/xlre) - [**Utilities Select Sector SPDR Fund (XLU)**](https://www.etf.com/xlu) - [**Health Care Select Sector SPDR Fund (XLV)**](https://www.etf.com/xlv) - [**Consumer Discretionary Select Sector SPDR Fund (XLY)**](https://www.etf.com/xly) **Name & Index Changes** The week also saw a couple of name or index changes taking effect. On Feb. 1, the **[Global X YieldCo & Renewable Energy Income ETF (YLCO)](https://www.etf.com/ylco)** changed its name to the Global X Renewable Energy Producers ETF and its index from the Indxx YieldCo & Renewable Energy Income Index to the Indxx Renewable Energy Producers Index. Its ticker changed to RNRG. On Feb. 5, the **[ERShares Entrepreneur 30 ETF (ENTR)](https://www.etf.com/entr)** changed its name to the ERShares Entrepreneurs ETF and the **[ERShares Non-US Small Cap ETF (ERSX)](https://www.etf.com/ersx)** changed its name to the ERShares NextGen Entrepreneurs ETF. **Additional Launches** Several products launched during the week beyond what ETF.com was able to cover. On Feb. 3, AdvisorShares rolled out the actively managed **[AdvisorShares Alpha DNA Equity Sentiment ETF (SENT)](https://www.sec.gov/Archives/edgar/data/0001408970/000182912621000048/advisorshares-sent_497k.htm)** with an expense ratio of 1.12%. On Friday, Feb. 5, UBS rolled out another seven 2x leveraged ETNs. They are as follows: - **[ETRACS 2x Leveraged US Value Factor TR ETN (IWDL)](https://www.sec.gov/Archives/edgar/data/0001114446/000119312521029259/d106146d424b2.htm)** - **[ETRACS 2x Leveraged US Growth Factor TR ETN (IWFL)](https://www.sec.gov/Archives/edgar/data/0001114446/000119312521029259/d106146d424b2.htm)** - **[ETRACS 2x Leveraged US Size Factor TR ETN (IWML)](https://www.sec.gov/Archives/edgar/data/0001114446/000119312521029259/d106146d424b2.htm)** - **[ETRACS 2x Leveraged MSCI US Momentum Factor TR ETN (MTUL)](https://www.sec.gov/Archives/edgar/data/0001114446/000119312521029259/d106146d424b2.htm)** - **[ETRACS 2x Leveraged MSCI US Quality Factor TR ETN (QULL)](https://www.sec.gov/Archives/edgar/data/0001114446/000119312521029259/d106146d424b2.htm)** - **[ETRACS 2x Leveraged US Dividend Factor TR ETN (SCDL)](https://www.sec.gov/Archives/edgar/data/0001114446/000119312521029259/d106146d424b2.htm)** - **[ETRACS 2x Leveraged MSCI US Minimum Volatility Factor TR ETN (USML)](https://www.sec.gov/Archives/edgar/data/0001114446/000119312521029259/d106146d424b2.htm)** Each comes with an expense ratio of 0.95%. *Contact Heather Bell at * [ 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 [Leveraged](http://www.etf.com/topics/leveraged) [Inverse](http://www.etf.com/topics/inverse) [Sectors](http://www.etf.com/topics/sectors) [Energy](http://www.etf.com/topics/energy)