ProShares to Split 15 ETFs

ProShares, the largest sponsor of leveraged ETFs, said seven of its ETFs will undergo traditional, forward splits while another eight will be subject to reverse splits. Maryland-based ProShares made the announcement in a statement released after the close of U.S. markets Friday. The seven ProShares ETFs that will be split on a forward basis are the following: The ProShares Ultra Consumer Goods UGE, ProShares UltraPro S&P500 UPRO, ProShares UltraPro MidCap400 UMDD, ProShares Ultra Russell3000 UWC, ProShares Ultra Health Care RXL, ProShares Ultra Consumer Services UCC and the ProShares UltraPro Russell2000 URTY. All of those ETFs will be split two-for-one and begin trading at their split-adjusted prices on June 10. The eight ProShares ETFs that will be reverse split are the following: The ProShares UltraShort DJ-UBS Natural Gas KOLD, the ProShares VIX Short-Term Futures ETF VIXY, ProShares Ultra VIX Short-Term Futures ETF UVXY, ProShares UltraShort Oil & Gas DUG, ProShares UltraPro Short Financials FINZ, ProShares UltraPro Short 20+ Year Treasury TTT, ProShares UltraShort Russell1000 Value SJF and the ProShares UltraShort MSCI EAFE EFU. All of those ETFs will be reverse split on a one-for-four basis except VIXY and UVXY. VIXY will be split one-for-five and UVXY will be split one-for-10. The reverse split ETFs will also begin trading at their post-split prices on June 10. For more on ETFs, click here.