ProShares, the largest sponsor of leveraged ETFs, said seven of its ETFs will undergo traditional, forward splits while another eight will be subject to reverse splits.
Maryland-based ProShares made the announcement in a statement released after the close of U.S. markets Friday.
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The seven ProShares ETFs that will be split on a forward basis are the following: The ProShares Ultra Consumer Goods (NYSE:UGE), ProShares UltraPro S&P500 (NYSE:UPRO), ProShares UltraPro MidCap400 (NYSE:UMDD), ProShares Ultra Russell3000 (NYSE:UWC), ProShares Ultra Health Care (NYSE:RXL), ProShares Ultra Consumer Services (NYSE:UCC) and the ProShares UltraPro Russell2000 (NYSE:URTY).
All of those ETFs will be split two-for-one and begin trading at their split-adjusted prices on June 10.
The eight ProShares ETFs that will be reverse split are the following: The ProShares UltraShort DJ-UBS Natural Gas (NYSE:KOLD), the ProShares VIX Short-Term Futures ETF (NYSE:VIXY), ProShares Ultra VIX Short-Term Futures ETF (NYSE:UVXY), ProShares UltraShort Oil & Gas (NYSE:DUG), ProShares UltraPro Short Financials (NYSE:FINZ), ProShares UltraPro Short 20+ Year Treasury (NYSE:TTT), ProShares UltraShort Russell1000 Value (NYSE:SJF) and the ProShares UltraShort MSCI EAFE (NYSE:EFU).
All of those ETFs will be reverse split on a one-for-four basis except VIXY and UVXY. VIXY will be split one-for-five and UVXY will be split one-for-10. The reverse split ETFs will also begin trading at their post-split prices on June 10.
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