Bringing you live news and features since 2006 

ProShares carries out ETF share splits


ProShares, a provider of alternative exchange-traded funds, has carried out share splits on seven of its ETFs and reverse share splits on eight of its ETFs.

The splits and reverse splits will not change the value of a shareholder’s investment.
UGE ProShares Ultra Consumer Goods: 2:1
UPRO ProShares UltraPro S&P500: 2:1
UMDD ProShares UltraPro MidCap400: 2:1
UWC ProShares Ultra Russell3000: 2:1
RXL ProShares Ultra Health Care: 2:1
UCC ProShares Ultra Consumer Services: 2:1
URTY ProShares UltraPro Russell2000: 2:1
All splits will apply to shareholders of record as of the close of the markets on 5 June 2013, payable after the close of the markets on 7 June 2013. The funds will trade at their post-split price on 10 June 2013. The ticker symbol and CUSIP numbers for the funds will not change.
The splits will decrease the price per share of each fund with a proportionate increase in the number of shares outstanding. For example, for the two-for-one splits, every pre-split share will result in the receipt of two post-split shares, which will be priced at half the net asset value (NAV) of a pre-split share.
Eight funds will reverse split shares at the following split ratios:
KOLD ProShares UltraShort DJ-UBS Natural Gas: 1:4
VIXY ProShares VIX Short-Term Futures ETF: 1:5
UVXY ProShares Ultra VIX Short-Term Futures ETF: 1:10
DUG ProShares UltraShort Oil & Gas: 1:4
FINZ ProShares UltraPro Short Financials: 1:4
TTT ProShares UltraPro Short 20+ Year Treasury: 1:4
SJF ProShares UltraShort Russell1000 Value: 1:4
EFU ProShares UltraShort MSCI EAFE: 1:4

Latest News

BlackRock’s global ETP flows report for June finds a steady rise with USD128.1 billion added to global ETPs in June,..
Morningstar’s global ETF flows report for the first half of 2024 shows that actively managed ETFs have captured 25 per..
The surge in bitcoin ETF launches and funds flowing into the sector is transforming institutional investment in digital assets but..
LSEG Lipper’s latest research finds that the majority of actively managed funds and ETFs globally were not able to beat..

Related Articles

Chris Lo, Columbia Threadneedle
In a recent insight on India by Columbia Threadneedle Investments, the firm reports that the country’s economic reforms, which aim...
With an election on the horizon in the United States a group of ETFs is poised to capture investments on...
Robot worker
Qraft Technologies, based in South Korea, specialises in the use of AI in security selection and portfolio construction....
Andrea Busi, Directa SIM
Romain Thomas talks to Andrea Busi (pictured), CEO of Directa SIM, who explains why the online trading platform has just...
Subscribe to the ETF Express newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by