other material
confidence high
sentiment neutral
materiality 0.40
ProShares Trust II announces forward split on YCS and reverse splits on ZSL, BOIL, VIXY effective Nov 7
ProShares Trust II
- YCS (UltraShort Yen) 2:1 forward split; pre-split NAV halved, shares double; no CUSIP change.
- ZSL (UltraShort Silver) 1:4 reverse split; BOIL (Ultra Bloomberg Natural Gas) 1:5 reverse split; VIXY (VIX Short-Term Futures) 1:4 reverse split.
- All splits effective prior to market open Nov 7; ticker symbols unchanged; new CUSIP numbers for reverse-split funds.
- Fractional shares from reverse splits will be redeemed for cash, potentially a taxable event for some shareholders.
- Split does not alter the total value of any shareholder's investment.