ProShares on Wednesday announced share splits on six of its ETFs, and reverse splits on 11 funds.
ProShares is known for its leveraged and inverse ETFs designed for traders.
Four ETFs will split shares 2-for-1, the investment manager said in a press release:
- ProShares Ultra QQQ (QLD)
- ProShares UltraPro QQQ (TQQQ)
- ProShares Ultra 20+ Year Treasury (UBT)
- ProShares Ultra 7-10 Year Treasury (UST)
Two ETFs will split shares 3-for-1:
- ProShares UltraPro Dow30 (UDOW)
- ProShares UltraShort DJ-UBS Natural Gas (KOLD)
All splits will apply to shareholders of record as of the close of the markets on May 8, ProShares said.
The splits listed above won’t change the value of the overall investment in the ETFs. However, investors will be left with more shares, each one with a lower price.
ProShares also announced reverse share splits. Here, investors will be left with fewer shares, but the share price will increase. Again, the moves will not change the overall value of a shareholder’s investment.
Six funds will reverse split shares 1-for-4:
- ProShares UltraShort Dow30 (DXD)
- ProShares UltraPro Short QQQ (SQQQ)
- ProShares UltraShort MSCI Brazil (BZQ)
- ProShares UltraPro Short MidCap400 (SMDD)
- ProShares UltraShort Consumer Services (SCC)
- ProShares UltraShort Russell1000 Growth (SFK)
Five ETFs will reverse split shares 1-for-5.:
- ProShares UltraPro Short S&P500 (SPXU)
- ProShares UltraShort Silver (ZSL)
- ProShares UltraPro Short Russell2000 (SRTY)
- ProShares Ultra DJ-UBS Natural Gas (BOIL)
- ProShares UltraShort Russell3000 (TWQ)