The ProShares ETFs that will be reverse split are included below. Click to enlarge.
All reverse splits will be effective at the market open on January 24, 2014, when the ETFs will begin trading at their post-split price. The ticker symbol for the ETFs will not change. All ETFs undergoing a reverse split will be issued a new CUSIP number, according to the statement.
ProShares has recently been bolstering its offerings of non-leveraged fare with new launches such as the ProShares Investment Grade-Interest Rate Hedged ETF (BATS: IGHG), ProShares Investment Grade—Interest Rate Hedged (BATS: IGHG) and the ProShares S&P 500 Aristocrats ETF (NYSEArca: NOBL).