ProShares to Split 15 ETFs
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.
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.
For more on ETFs, click here.
(c) 2013 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.