ProShares announced that it will execute reverse share splits on nine ProShares ETFs. The reverse splits will be effective for shareholders of record after the close of the markets on April 14, 2010. Seven of the funds will execute a 1-for-5 reverse split of shares, and two will execute a 1-for-10 reverse split of shares. The funds will trade at their post-split prices on April 15. The ticker symbols for the funds will not change, and all will continue to trade on NYSE Arca.
ETFs splitting 1-for-5 include:
UltraShort MSCI Emerging Markets (EEV)
UltraShort FTSE/Xinhua China 25 (FXP)
UltraShort Basic Materials (SMN)
ETFs splitting 1-for-10 include:
Ultra Financials (UYG)
UltraShort Silver (ZSL)
For more ETF investing choices, see the ProShares ETF directory.