other material
confidence high
sentiment neutral
materiality 0.35
ProShares announces reverse splits for VIXY (1:5), UVXY (1:10), BOIL (1:20) effective June 23, 2023
ProShares Trust II
- ProShares VIX Short-Term Futures (VIXY) reverse split ratio 1:5; new CUSIP 74347Y789.
- ProShares Ultra VIX Short-Term Futures (UVXY) reverse split ratio 1:10; new CUSIP 74347Y771.
- ProShares Ultra Bloomberg Natural Gas (BOIL) reverse split ratio 1:20; new CUSIP 74347Y763.
- Effective at market open June 23, 2023; ticker symbols unchanged; total shareholder value unaffected.
- Fractional shares from the splits will be redeemed for cash, potentially a taxable event for holders.