According to a ProShares press release, three of its ETFs will undergo a reverse share split. It should be noted that the reverse split will not change the value of the shareholder’s investment.
ProShares will execute a 1-for-3 reverse split on the following:
- ProShares UltraShort Real Estate ETF (NYSEArca: SRS)
- ProShares UltraShort Utilities ETF (NYSEArca: SDP)
- ProShares UltraShort Yen ETF (NYSEArca: YCS)
The reverse splits were applied at market close on Oct. 12 and the funds will reflect their post-split prices on Oct. 13.
For more information on leveraged funds, visit our leveraged ETFs category.
Max Chen contributed to this article.