NACA cowling
In the United States it was often called a "drag ring". It caused a reduction in the drag of radial engines and was widely used in high-speed designs of 1930-1935 before the long-chord NACA cowling came into general use. Despite suggestions of it exploiting the Meredith effect, low airspeeds, low temperature differences and small mass flows make that unlikely, particularly when combined with the lack of flow control as the air exits the cowling.