ProShares Announces Forward and Reverse Share Splits

Summary

On May 28, 2025, ProShares Trust II announced that ProShares Ultra Gold (NYSE Arca, Inc. ticker symbol 'UGL') will execute a 4:1 forward share split effective June 13, 2025, and ProShares UltraShort Gold (NYSE Arca, Inc. ticker symbol 'GLL') will execute a 1 for 2 reverse share split effective June 13, 2025. These splits will not alter the total value of a shareholder's investment. The forward split will decrease the price per share while increasing the number of shares outstanding, whereas the reverse split will increase the price per share while decreasing the number of shares outstanding. Fractional shares resulting from the reverse split will be redeemed for cash.