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.