ProShares to Split 2, Reverse Split 9 ETFs

ProShares, the largest issuer of inverse and leveraged ETFs, announced 2-for-1 splits for two of its ETFs and reverse splits for nine of its funds. The ProShares Ultra Nasdaq Biotechnology BIB and the ProShares Short VIX Short-Term Futures ETF SVXY will be split 2-for-1. All splits will apply to shareholders of record as of the close of the markets on October 2, 2012, payable after the close of the markets on October 4, 2012. The funds will trade at their post-split price on October 5, 2012, according to a statement issued by ProShares. Nine ProShares ETFs will be reverse split on a 1-for-4 basis. Those funds are as follows: ProShares UltraShort 20+ Year Treasury TBT, the ProShares UltraShort S&P500 SDS, the ProShares UltraShort Gold GLL, the ProShares UltraPro Short Dow30 SDOW, the ProShares UltraShort Basic Materials SMN, the ProShares Ultra MSCI Brazil UBR, the ProShares UltraShort Health Care RXD, the ProShares UltraShort Nasdaq Biotech BIS and the ProShares UltraShort Consumer Goods SZK. Those funds will also trade at their post-split prices on October 5. For more on ETFs, click here.