ProShares Announces Forward and Reverse Share Splits for Multiple ETFs

Summary

On October 28, 2024, ProShares Trust II announced forward and reverse share splits for several of its ETFs, effective prior to market open on November 7, 2024. ProShares UltraShort Yen will undergo a 2:1 forward split, increasing the number of shares outstanding while reducing the price per share. ProShares UltraShort Silver, ProShares Ultra Bloomberg Natural Gas, and ProShares VIX Short-Term Futures ETF will undergo 1-for-4, 1-for-5, and 1-for-4 reverse splits respectively, resulting in a proportionate decrease in shares outstanding and an increase in the price per share. Fractional shares resulting from the reverse splits will be redeemed for cash. The ticker symbols will remain unchanged, but new CUSIP numbers will be issued for the affected ETFs.