It's referred to as an xmas scan as the flags that it sets (PSH, URG and FIN)
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🚩xmas
That said, the goal here is, of course, firewall evasion. Many firewalls are configured to drop incoming TCP packets to blocked ports which have the SYN flag set (thus blocking new connection initiation requests). By sending requests which do not contain the SYN flag, we effectively bypass this kind of firewall.
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🚩Firewall Evasion
In particular Microsoft Windows (and a lot of Cisco network devices) are known to respond with a RST to any malformed TCP packet -- regardless of whether the port is actually open or not.
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🚩Microsoft Windows