ProShares, a premier provider of ETFs, announced forward and reverse share splits on 10 of its ETFs. The splits will not change the total value of a shareholder’s investment.
7 ETFs will forward split shares 2-for-1:
|Ticker||ProShares ETF||Split Ratio|
|URE||Ultra Real Estate||2:1|
|SVXY||Short VIX Short-Term Futures ETF||2:1|
All forward splits will apply to shareholders of record as of the close of the markets on July 12, 2017, payable after the close of the markets on July 14, 2017. The funds will trade at their post-split prices on July 17, 2017. The ticker symbols and CUSIP numbers for the funds will not change.
3 ETFs will reverse split shares at the following split ratios:
|Ticker||ProShares ETF||Split Ratio||Old CUSIP||New CUSIP|
|VIXY||VIX Short-Term Futures ETF||1:4||74347W262||74347W171|
|UVXY||Ultra VIX Short-Term Futures ETF||1:4||74347W239||74347W163|
All reverse splits will be effective at the market open on July 17, 2017, when the funds will begin trading at their post-split price. The ticker symbol for the funds will not change. All funds undergoing a reverse split will be issued a new CUSIP number, listed above.