other material
confidence high
sentiment neutral
materiality 0.30
ProShares Trust II announces 2:1 forward splits for KOLD and SVXY, 1:5 reverse split for UVXY
ProShares Trust II
- KOLD and SVXY 2:1 forward splits effective market open April 11, 2024; share price halves, shares double.
- UVXY 1:5 reverse split effective April 11, 2024; new CUSIP 74347Y755; price quintuples, shares reduce.
- Total investment value unchanged; fractional shares from UVXY split redeemed for cash, potentially taxable.
- Ticker symbols unchanged for all three funds; no change to investor's net position.