## [# Odds & Ends: ETF Launches Sputter ](/sections/daily-etf-watch/odds-ends-etf-launches-sputter) # Odds & Ends: ETF Launches Sputter However, a significant number of funds are undergoing material changes. [![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) Mar 17, 2023 Edited by: Heather Bell Share Email LinkedIn Facebook X (Twitter) googletag.cmd.push(function() { googletag.display('js-dfp-tag-article_page_302x26'); }); Loading This week was pretty thin on exchange-traded fund launches, with just four making their debuts this week. Among them was the [American Century Multisector Floating Income ETF (FUSI)](https://www.sec.gov/Archives/edgar/data/1710607/000171060723000025/acetftfusi497k.htm), an actively managed fixed income fund that rolled out on Thursday. FUSI uses a sector rotation strategy that relies on macroeconomic data, technical analysis and fundamental research. The fund comes with an expense ratio of 0.27% and lists on the NYSE Arca. There was also one closure during the week, with the [**Generation Z ETF (ZGEN)**](https://www.etf.com/zgen) ceasing to trade after the close of business on Friday. The actively managed ETF launched in December 2021 but failed to gather assets. ## **Other Changes** There were a large number of material changes to existing ETFs, including 2-for-1 forward share splits on six Vanguard ETFs that became effective on Tuesday. The affected funds are as follows: - [**Vanguard S&P Mid-Cap 400 ETF (IVOO)**](https://www.etf.com/ivoo) - [**Vanguard S&P Mid-Cap 400 Value ETF (IVOV)**](https://www.etf.com/ivov) - [**Vanguard S&P Mid-Cap 400 Growth ETF (IVOG)**](https://www.etf.com/ivog) - [**Vanguard S&P Small-Cap 600 ETF (VIOO)**](https://www.etf.com/vioo) - [**Vanguard S&P Small-Cap 600 Value ETF (VIOV)**](https://www.etf.com/viov) - [**Vanguard S&P Small-Cap 600 Growth ETF (VIOG)**](https://www.etf.com/viog) Two Changebridge ETFs changed their names as of Monday. The [**Changebridge Capital Long/Short Equity ETF (CBLS)**](https://www.etf.com/cbls) is now known as the Changebridge Long/Short Equity ETF, and the [**Changebridge Sustainable Equity ETF (CBSE)**](https://www.etf.com/cbse) is now called the Changebridge Select Equity ETF. On March 6, the [**Harbor All-Weather Inflation Focus ETF (HGER)**](https://www.etf.com/hger) changed its name to the Harbor Commodity All-Weather Strategy ETF and its index from the Quantix Inflation Index to the Quantix Commodity Index. And on Thursday, the [**GraniteShares HIPS U.S. High Income ETF (HIPS)**](https://www.etf.com/hips) changed its index from the TFMS HIPS Index to the EQM High Income Pass-Through securities Index. Effective March 17, 23 ProShares ETFs made changes to their names or indexes or both. Those changes are as follows: - The [**ProShares Ultra Oil & Gas (DIG)**](https://www.etf.com/DIG) changed its name to the ProShares Ultra Energy and its index from the Dow Jones U.S. Oil & Gas Index to the S&P Energy Select Sector Index. - The [**ProShares UltraShort Oil & Gas (DUG)**](https://www.etf.com/Dug) changed its name to the ProShares UltraShort Energy and its index from the Dow Jones U.S. Oil & Gas Index to the S&P Energy Select Sector Index. - The [**ProShares Ultra Telecommunications (LTL)**](https://www.etf.com/ltl) changed its name to the ProShares Ultra Communication Services and its index from the Dow Jones U.S. Select Telecommunications Index to the S&P Communication Services Select Sector Index. - The [**ProShares UltraShort Consumer Services (SCC)**](https://www.etf.com/scc) changed its name to the ProShares UltraShort Consumer Discretionary and its index from the Dow Jones U.S. Consumer Services Index to the S&P Consumer Discretionary Select Sector Index. - The [**ProShares UltraShort Basic Materials (SMN)**](https://www.etf.com/smn) changed its name to the ProShares UltraShort Materials and its index from the Dow Jones U.S. Basic Materials Index to the S&P Materials Select Sector Index. - The [**Proshares UltraShort Consumer Goods (SZK)**](https://www.etf.com/szk) changed its name to the ProShares UltraShort Consumer Staples and its index from the Dow Jones U.S. Consumer Goods Index to the S&P Consumer Staples Select Sector Index. - The [**ProShares Ultra Consumer Services (UCC)**](https://www.etf.com/ucc) changed its name to the ProShares Ultra Consumer Discretionary and its index from the Dow Jones U.S. Consumer Services Index to the S&P Consumer Discretionary Select Sector Index. - The [**Proshares Ultra Consumer Goods (UGE)**](https://www.etf.com/uge) changed its name to the ProShares Ultra Consumer Staples and its index from the Dow Jones U.S. Consumer Goods Index to the S&P Consumer Staples Select Sector Index. - The [**ProShares Ultra Basic Materials (UYM)**](https://www.etf.com/uym) changed its name to the ProShares Ultra Materials and its index from the Dow Jones U.S. Basic Materials Index to the S&P Materials Select Sector Index. - The [**ProShares Short Real Estate (REK)**](https://www.etf.com/rek) changed its index from the Dow Jones U.S. Real Estate Index to the S&P Real Estate Select Sector Index. - The [**ProShares UltraShort Technology (REW)**](https://www.etf.com/rew) changed its index from the Dow Jones U.S. Technology Index to the S&P Technology Select Sector Index. - The [**ProShares Ultra Technology (ROM)**](https://www.etf.com/rom) changed its index from the Dow Jones U.S. Technology Index to the S&P Technology Select Sector Index. - The [**ProShares UltraShort Health Care (RXD)**](https://www.etf.com/rxd) changed its index from the Dow Jones U.S. Health Care Index to the S&P Health Care Select Sector Index. - The [**ProShares Ultra Health Care (RXL)**](https://www.etf.com/rxl) changed its index from the Dow Jones U.S. Health Care Index to the S&P Health Care Select Sector Index. - The [**ProShares UltraShort Utilities (SDP)**](https://www.etf.com/sdp) changed its index from the Dow Jones U.S. Utilities Index to the S&P Utilities Select Sector Index. - The [**ProShares Short Financials (SEF)**](https://www.etf.com/sef) changed its index from the Dow Jones U.S. Financials Index to the S&P Financial Select Sector Index. - The [**ProShares UltraShort Industrials (SIJ)**](https://www.etf.com/sij) changed its index from the Dow Jones U.S. Industrials Index to S&P Industrials Select Sector Index. - The [**ProShares UltraShort Financials (SKF)**](https://www.etf.com/skf) changed its index from the Dow Jones U.S. Financials Index to the S&P Financial Select Sector Index. - The [**ProShares UltraShort Real Estate (SRS)**](https://www.etf.com/srs) changed its index from the Dow Jones U.S. Real Estate Index to S&P Real Estate Select Sector Index. - The [**ProShares Ultra Utilities (UPW)**](https://www.etf.com/upw) changed its index from the Dow Jones U.S. Utilities Index to the S&P Utilities Select Sector Index. - The [**ProShares Ultra Real Estate (URE)**](https://www.etf.com/ure) changed its index from the Dow Jones U.S. Real Estate Index to the S&P Real Estate Select Sector Index. - The [**ProShares Ultra Industrials (UXI)**](https://www.etf.com/uxi) changed its index from the Dow Jones U.S. Industrials Index to the S&P Industrials Select Sector Index. - The [**ProShares Ultra Financials (UYG)**](https://www.etf.com/uyg) changed its index from the Dow Jones U.S. Financials Index to the S&P Financial Select Sector Index. The changes bring the underlying indexes of the ProShares funds into alignment with the indexes underlying the widely used Select Sector SPDR ETFs. *Contact Heather Bell at* [*heather.bell@etf.com*](mailto:heather.bell@etf.com) googletag.cmd.push(function() { googletag.display('js-dfp-tag-in_article_unit'); }); [ 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) [Equity](http://www.etf.com/topics/equity)