New launches, closures, and rebrands.

• iShares has launched a new socially responsible fund that seeks to exclude companies that make and sell civilian firearms. The iShares MSCI USA Small-Cap ESG Optimized ETF (ESML) launched last week. It lists on the Cboe Global Markets and comes with an expense ratio of 17 basis points. The fund tracks the MSCI USA Small Cap Extended ESG Focus Index, which is derived from the MSCI USA Small Cap Index that represents the bottom 14% of the market capitalization of U.S. equities.
• After a failed merger, Elkhorn has closed two of its funds while the remaining two were sold and rebranded. The Elkhorn Commodity Rotation Strategy ETF (DWAC) and the Elkhorn Fundamental Commodity Strategy ETF (RCOM) both saw their last day of trading last Friday. The Elkhorn S&P High Quality Preferred ETF is now the Innovator S&P High Quality Preferred ETF (EPRF) and the Elkhorn Lunt Low Vol/High Beta Tactical ETF is now the Innovator Lunt Low Vol/High Beta ETF (LVHB).
• Last week, 50 iPath ETNs saw their last days of trading. The closed ETNs are below: