ProShares Announces Reverse Share Splits for BOIL and SCO ETFs

Summary

On May 11, 2026, ProShare Capital Management LLC announced reverse share splits for ProShares Ultra Bloomberg Natural Gas (BOIL) and ProShares UltraShort Bloomberg Crude Oil (SCO) ETFs. BOIL will execute a 1-for-2 reverse split, and SCO will execute a 1-for-4 reverse split, both effective prior to market open on May 28, 2026. The splits will increase the price per share of each fund with a proportionate decrease in the number of shares outstanding. Fractional shares resulting from the splits will be redeemed for cash and sent to shareholders' brokers of record, which may result in taxable events for some shareholders.