ETFdb Logo
ETFdb Logo
  • ETF Database
  • Channels
    • Themes
      • Active ETF
      • Artificial Intelligence
      • Beyond Basic Beta
      • China Insights
      • Climate Insights
      • Core Strategies
      • Crypto
      • Direct Indexing
      • Disruptive Technology
      • Energy Infrastructure
      • ETF Building Blocks
      • ETF Investing
      • ETF Education
      • ETF Strategist
      • Financial Literacy
      • Fixed Income
      • Free Cash Flow
      • Innovative ETFs
      • Institutional Income Strategies
      • Leveraged & Inverse
      • Managed Futures
      • Market Insights
      • Modern Alpha
      • Multifactor
      • Responsible Investing
      • Retirement Income
      • Tax Efficient Income
    • Asset Class
      • Equity
        • U.S. Equity
        • Int'l Developed
        • Emerging Market Equities
      • Alternatives
        • Commodities
        • Gold/Silver/Critical Minerals
        • Currency
        • Volatility
      • Fixed Income
        • Investment Grade Corporates
        • US Treasuries & TIPS
        • High Yield Corporates
        • Int'l Fixed Income
    • ETF Ecosystem
    • ETFs in Canada
  • Tools
    • ETF Screener
    • ETF Country Exposure Tool
    • ETF Sector Tracker Tool
    • ETF Database Categories
    • Head-To-Head ETF Comparison Tool
    • ETF Stock Exposure Tool
    • ETF Issuer Fund Flows
    • Indexes
    • Mutual Fund To ETF Converter
  • Research
    • ETF Education
    • Equity Investing
    • Dividend ETFs
    • Leveraged ETFs
    • Inverse ETFs
    • Index Education
    • Index Insights
    • Top ETF Sectors
    • Top ETF Issuers
    • Top ETF Industries
  • Webcasts
  • Themes
    • AI ETFs
    • Blockchain ETFs
    • See all Thematic Investing ETF themes
    • ESG Investing
    • Marijuana ETFs
  • Multimedia
    • ETF 360 Video Series
    • ETF of the Week Podcast
    • ETF Prime Podcast
    • Video
  • Company
    • About VettaFi
    • Get VettaFi’ed
  • PRO
    • Pro Content
    • Pro Tools
    • Advanced
    • FAQ
    • Pricing
    • Free Sign Up
    • Login
  1. This Week in ETFs: Are the Summer Doldrums Ending?
News
Share

This Week in ETFs: Are the Summer Doldrums Ending?

Heather BellAug 25, 2023
2023-08-25

This week saw a total of 17 ETF launches, a major rebound from last week when only six funds debuted and a reversal of the summer trend of fewer launches. ETF closures continued their march forward, with several completing during the week and another handful announced.

Among the funds launching this week were offerings from newcomer Congress Asset Management, Madison Investments, Roundhill Investments, VanEck, SS&C ALPS, First Trust, KraneShares and YieldMax.

FT Cboe Vest

The week kicked off with the rollout of three defined outcome ETFs from the FT Cboe Vest family of funds. The funds are as follows:

  • FT Cboe Vest U.S. Equity Moderate Buffer ETF – August (GAUG )
  • FT Cboe Vest U.S. Small Cap Moderate Buffer ETF – August (SAUG )
  • FT Cboe Vest U.S. Equity Enhance & Moderate Buffer ETF – August (XAUG )

All three reflect the price movements of the SPDR S&P 500 ETF Trust (SPY A) up to a cap while providing some downside protection. The funds also use flexible exchange (FLEX) options to achieve their objectives.

While GAUG aims to deliver the price return of SPY up to a pre-expenses cap of 15.26%, it protects against losses of up to 15% from the annual reset date. SAUG does the same but with a 19.07% cap.

XAUG is a little different. It aims to deliver twice the upside of SPY’s price return up to a cap of 12.32% with a downside buffer of 15%.

All three funds list on Cboe Global Markets. GAUG and XAUG have expense ratios of 0.85% while SAUG charges 0.90%.


Content continues below advertisement

GraniteShares

Four inverse and leveraged single-stock ETFs debuted during the week from GraniteShares. Two were tied to Tesla (TSLA) stock, while the others are tied to the stock of NVIDIA (NVD) and Advanced Micro Devices (AMD). The funds are as follows:

  • GraniteShares 1.5x Short TSLA Daily ETF (TSDD)
  • GraniteShares 1.75x Long TSLA Daily ETF (TSLR)
  • GraniteShares 1.5x Short NVDA Daily ETF (NVD)
  • GraniteShares 1x Short AMD Daily ETF (AMDS)

AMDS has an expense ratio of 1.15% while the other three ETFs charge 1.50%. All four list on the Nasdaq exchange.

ETF Closures

Four funds ceased to trade during the week. They include the following:

  • Harbor Small Cap Explorer ETF (QWST )
  • AdvisorShares Poseidon Dynamic Cannabis ETF (PSDN )
  • ETFMG Sit Ultra Short ETF (VALT C+)
  • Noble Absolute Return ETF (NOPE C+)

The closures of another five funds were announced during the week as well, all issued by BlackRock. The BlackRock Future Innovators ETF (BFTR ) will cease to trade after the market close on Oct. 30. Meanwhile, four ETFs marketed under the iShares brand will close at the same time as BFTR. They include the following:

  • iShares MSCI Germany Small-Cap ETF (EWGS C+)
  • iShares Currency Hedged MSCI Canada ETF (HEWC A-)
  • iShares Currency Hedged MSCI United Kingdom ETF (HEWU B+)
  • iShares Factors US Value Style ETF (STLV A-)

Other Changes

There were also a number of changes to existing ETFs. The High Yield ETF (HYLD B-) changed its name to the AXS Real Estate Income ETF and its ticker to RINC.

And three Harbor ETFs will change their names. The Harbor Corporate Culture ETF (HAPI ) will become the Harbor Human Capital Factor US Large Cap ETF, while the Harbor Corporate Culture Small Cap ETF (HAPS ) will change its name to the Harbor Human Capital Factor US Small Cap ETF. Finally the Harbor Corporate Culture Leaders ETF (HAPY C+) will change its name to the Harbor Human Capital Factor Unconstrained ETF.

For more news, information, and analysis, visit VettaFi | ETFDB.

» Popular Pages

  • Tickers
  • Articles

Sep 29

Play Online Car Sales News in These 2 China ETFs

Sep 29

SEC Opens Ethereum Futures ETF Floodgates

Sep 29

VettaFi Voices On: Managing Risk in an Uncertain Economy

Sep 29

SPYI Outperforms SPY in Challenging 3rd Quarter

Sep 29

More Rate Hikes? Watch Treasury ETF USFR

Sep 29

2 ETFs to Play the Ebb and Flow of Oil Prices

Sep 29

AMLP Underlying Index Hits 4-Year High

Sep 29

Marijuana ETFs Rise – and Fall – on Regulatory Hopes

Sep 29

Oh, HELO: J.P. Morgan's New Hedged Equity Laddered Overlay ETF

Sep 29

Millennial Investors Like Gold

QQQ

Invesco QQQ Trust Series I

SPY

SPDR S&P 500 ETF Trust

VOO

Vanguard S&P 500 ETF

JEPI

JPMorgan Equity Premium...

SCHD

Schwab US Dividend Equity ETF...

SMH

VanEck Semiconductor ETF

TLT

iShares 20+ Year Treasury...

XLK

Technology Select Sector SPDR...

VGT

Vanguard Information...

VTI

Vanguard Total Stock Market...


Content continues below advertisement

Loading Articles...
Our Sites
  • VettaFi
  • Advisor Perspectives
  • ETF Trends
Tools
  • ETF Screener
  • Mutual Fund to ETF Converter
  • Head-To-Head ETF Comparison
  • ETF Country Exposure Tool
  • ETF Stock Exposure Tool
  • ETF Database Pro
More Tools
  • Financial Advisor & RIA Center
Explore ETFs
  • ETF News
  • ETF Category Reports
  • Premium Articles
  • Alphabetical Listing of ETFs
  • Browse ETFs by ETF Database Category
  • Browse ETFs by Index
  • Browse ETFs by Issuer
  • Compare ETFs
Information
  • Contact Us
  • Terms of Use and Privacy Policy
  • © 2023 VettaFi LLC. All rights reserved.

Advertisement

Is Your Portfolio Positioned With Enough Global Exposure?

ETF Education Channel

How to Allocate Commodities in Portfolios

Tom LydonApr 26, 2022
2022-04-26

A long-running debate in asset allocation circles is how much of a portfolio an investor should...

Core Strategies Channel

Why ETFs Experience Limit Up/Down Protections

Karrie GordonMay 13, 2022
2022-05-13

In a digital age where information moves in milliseconds and millions of participants can transact...

}
X