ProShares, the largest provider of inverse and leveraged exchange traded funds, will split 13 of its ETFs. Seven of the ETFs will go undergo traditional, forward splits while the other six will be reverse split.
The following ProShares ETFs will undergo traditional, forward splits and all will be split on a 2-for-1 basis: ProShares UltraShort Bloomberg Crude Oil (NYSEArca: SCO), ProShares Ultra Telecommunications (NYSEArca: LTL), ProShares Ultra Consumer Services (NYSEArca: UCC), ProShares UltraPro QQQ (NasdaqGS: TQQQ), ProShares UltraPro Financial (NYSEArca: FINU), ProShares Ultra Semiconductors (NYSEArca: USD) and the ProShares Ultra S&P Regional Banking (NYSEArca: KRU).
“All forward splits will apply to shareholders of record as of the close of the markets on Jan. 9, 2017, payable after the close of the markets on Jan. 11, 2017. The funds will trade at their post-split prices on Jan. 12, 2017. The ticker symbols and CUSIP numbers for the funds will not change,” according to a statement issued by Maryland-based ProShares.
The ProShares UltraPro Short Financial (NYSEArca: FINZ) and the ProShares Ultra Bloomberg Crude Oil (NYSEArca: UCO) will be reverse split on a 1-for-2 basis.
The ProShares UltraPro Short Dow30 (NYSEArca: SDOW), ProShares UltraPro Short QQQ (NasdaqGS: SQQQ) and the ProShares UltraPro Short Russell2000 (NYSEArca: SRTY) will undergo 1-for-4 reverse splits.
The ProShares Ultra VIX Short-Term Futures (NYSEArca: UVXY) will undergo a 1-for-5 reverse split.
“All reverse splits will be effective at the market open on Jan. 12, 2017, when the funds will begin trading at their post-split price. The ticker symbols for the funds will not change,” according to ProShares.