The trade was announced Friday evening. Etem, 23, had three assists in 19 games this season for the Rangers. He was traded to New York from Anaheim in an offseason trade that sent Carl Hagelin the other way. He was a first round selection, 29th overall, by the Ducks in 2010.
Jensen, 22, was the 29th overall pick in the 2011 draft by the Canucks. He has yet to appear in an NHL game this season, but has made 24 appearances in the past three seasons for Vancouver, scoring all six of his career points (three goals, three assists) in 2013–14.
Entering Friday, the Rangers were in third place in the Metropolitan Division and the Canucks were third in the Pacific Division.